Energy Price Hub

Daily updates 05/22/2020

U.S. Natural Gas Inching higher as traders await the release of the Baker Hughes rig-count report and anticipate another drop in oil and natural gas directed rigs. The June-2020 contract is 2.2 cents higher at $1.732.
U.S. Weather The 6-10 day forecast is calling for above-normal temperatures throughout much of the eastern and western thirds of the nation, with below-normal temperatures in the South Central.
U.S. Dollar Stronger against major rivals as investors turned to the relative safety of the buck ahead of the upcoming 3-day weekend.
Oil On track to snap a 6-day winning streak that has seen the prompt month jump over 20% as traders lock in profits ahead of the long weekend. The July-2020 WTI contract is $1.13 lower at $32.79.
Equity Markets Moderately lower ahead of Memorial Day weekend as investors continued to monitor rising tensions between the U.S. and China.
Geopolitics The UK government put in place a 14-day self quarantining requirement for all arrivals, while the rest of Europe slowly starts to ease border restrictions.

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