crude oil price august 2020

What drives Crude Oil Prices? WTI Crude Oil Price Forecast. WTI Crude (CL) surged a massive near 5% yesterday, and is now retesting the psychologically key 50 whole figure level. Monthly Annual The Barchart Trading Guide is a Buy Signal with a Weak Signal Strength. ET by Barchart - Thu Dec 31, 3:33PM CST . Brent oil price forecast for August 2022. Our balances show that in June demand exceeded supply, and for the rest of the year there is an implied stock draw. The subsequent move down formed another long upper shadow on the daily candlestick chart. However, ongoing uncertainty around demand caused by Covid-19 and the possibility of higher output means that the oil market’s re-balancing remains delicate. box 4648 houston, texas 77002 Stock information for Ferrellgas and Suburban Propane is also provided. View the latest top stories from the Associated Press or Canadian Press (based on your Market selection). The near-term outlook for WTI crude oil is bullish again after today’s move up overcame the 62 percent retracement of the decline from $42.51 and the $41.93 swing high. The remainder of 2020 was spent recovering from that drop as the pandemic destroyed fuel demand around the world. Oil Price forecast for September 2022. WTI Crude Oil Outlook for August: Speculative price range for WTI Crude Oil is 36.00 to 45.00 USD. Delivered every Wednesday and Friday morning to your inbox. Phillips 66 Crude Oil Price Bulletin The following prices are for informational purposes only, do not constitute an offer, and are subject to change or revisions without notice. In May, crude output fell by nearly 2 mb/d from April’s level and, at 10 mb/d, it was 2.9 mb/d below the alltime high seen in November. For supply, the major new data point was for production in the United States. - 4:00p.m. Global refinery intake is recovering, but the pace will lag behind the demand rebound as product inventory levels are very high. One of the most notable times for the WTI Crude Oil Spot Price was in 2008 when prices for WTI Crude reached as high as $145.31/barrel because of large cuts in production. In Europe, they rose by 3.6 mb while falling in Japan by 1.6 mb. As petroleum demand fell and U.S. crude oil inventories increased, West Texas Intermediate (WTI) crude oil traded at negative prices on April 20, the first time the price for the WTI futures contract fell to less than zero since trading began in 1983. Brent Crude is the world's leading price benchmark for Atlantic basin crude oils. The Average Crude Oil Spot Price calculates an equally weighted price of the WTI Crude Oil Price, Brent Crude Oil Price, and Dubai Crude Oil Price. Recovery in the two North American giants, with Brazil also growing, comes as the OPEC+ countries ease their output cuts. Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. Global oil demand is expected to be 91.9 mb/d in 2020, down 8.1 mb/d y-o-y. This metric gives a nice overview of the broad crude oil market, rather than looking at one type of crude oil price alone. They help show patterns and price trends for commodities whose prices often change with the seasons. The second half of the year was characterized by relatively stable prices as demand began to recover. In many countries, social distancing measures are being re-introduced along with some localised lockdowns. West Texas Intermediate (WTI) and Brent crude oil prices posted increases on the final trading day of 2020. The data for August 2020 focuses on crude oil and propane price trends. In this Report, we reduce our 2020 forecast by 140 kb/d, the first downgrade in several months, reflecting the stalling of mobility as the number of Covid-19 cases remains high, and weakness in the aviation sector. High price 66.33, low 61.29. For January, OPEC+ allowed production to rise by +500,000 barrels/day (bpd) by trimming its production-cut target to 7.2 million bpd from the... Read more. Download Annual Statistic Supplement 2020 (pdf), Data, forecasts and analysis on the global oil market, Keep up to date with our latest news and analysis by subscribing to our regular newsletter. The gains in crude oil prices are largely attributed to a larger-than-expected decline in U.S. Crude Oil Price Update – Next Target $53.60, but Will COVID-19 Concerns Slow the Move? August 2020 Monthly Average Crude Oil Price Click image for larger view Gains to the monthly average U.S.-dollar price of West Texas Intermediate (WTI) crude oil decelerated further when rising by $1.63 (+4.0%), to $42.34 per barrel in August. Each month, LP Gas provides updates on the U.S. propane market, as well as the latest trends. According to GasBuddy price reports, the lowest price in Texas on Monday was $1.59/g while the highest is $2.63/g, a difference of $1.04/g. Crude Oil Price Forecast – August 11, 2020. Gain direct exposure to the crude oil market using NYMEX West Texas Intermediate (WTI) Crude Oil futures, the world’s most liquid oil contract. Historically, Brent crude oil reached an all time high of 147.50 in July of 2008. ... showed that OPEC’s crude … Increased supply leads to lower prices. Monthly average crude oil prices of the OPEC basket 2019-2020 Published by N. Sönnichsen, Dec 1, 2020 In October 2020, the average price … The Oil Price forecast at the end of the month 62.22, change for August -6.2%. Live educational sessions using site features to explore today's markets. The dataset focus on various factors that may influence crude oil prices -physical market factors as well as those related to trading and financial markets. For diesel, there is evidence that the recovery in business and industrial activity combined with ongoing growth in e-commerce are supporting trucking activity as more goods are delivered to customers. This section shows the Highs and Lows over the past 1, 3 and 12-Month periods. The prices shown are in U.S. dollars. Crude oil prices & gas price charts. Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. Crude Oil Settles at a 10-1/2 Month High After Saudi Arabia Pledges to Cut its Crude Production, Natural Gas Prices Close at a 1-1/2 Week High on the Outlook for Colder-Than-Normal U.S. Temps, Natural Gas Prices Jump to a 1-1/2 Week High on the Outlook for Colder-Than-Normal U.S. Temps, ESG Flows Drive Clean Energy To Fresh Highs, Crude Oil Prices Jump on News of a Saudi-Russian Compromise on Crude Production. Natural Gas and Crude Oil Prices. In 2020, runs will decline by 6.9 mb/d but in 2021 they will rebound by only 4.5 mb/d. Aug 31 2020. WTI Crude Oil Prices - 10 Year Daily Chart. Right-click on the chart to open the Interactive Chart menu. Internationally, Brent crude oil prices averaged $43 per barrel (/b) in November, up $3/b from October's average. This widget shows the latest week's Commitment of Traders open interest. We have revised down our 2021 global demand estimate by 240 kb/d to 97.1 mb/d, mainly due to aviation sector weakness. The data for August 2020 focuses on crude oil and propane price trends. Iran crude oil price in August 2020 . The price was last updated at December 31, 2020 at 11:57 pm UTC. The gains in crude oil prices are largely attributed to a larger-than-expected decline in U.S. Crude Oil Price Forecast – August 4, 2020. The national average price of gasoline has risen 0.7 cents per gallon in the last week, averaging $2.25/g today. The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Today’s initial move up stalled at the 78 percent retracement of the decline from $43.52. Middle distillate and naphtha cracks made modest gains. WTI in particular is useful for pricing any oil produce in the Americas. On average, Angola’s Cabinda crude oil sold at USD 45.4 per barrel (pb) in August, up from July’s USD 44.3 pb, as demand and supply conditions continued to improve. Oil prices soared by 10 percent and WTI Crude topped $40 a barrel on Monday morning, after vaccine developers announced 90-percent … Uncategorized. Posted at 14:42 9 Aug 2020 14:42 9 Aug 2020 Volunteers race to keep oil spill away from Mauritius The MV Wakashio, which ran aground on a coral reef on 25 July, is now leaking oil … For the subsequent period of 6 months, from July 1st, 2020 to December 31st, 2020, the total adjustment agreed will be 7.7 mb/d. The Quote Overview page gives you a snapshot view for a specific futures symbol. Support at 38.50 USD may prove strong and an opportunity to seek reversals upwards, but if broken lower the commodity could test the 36.00 to 37.00 USD levels. Gold, silver prices log best annual gains in 10 years as 2020 closes out final session Dec. 31, 2020 at 8:54 a.m. IEA (2020), Oil Market Report - August 2020, IEA, Paris https://www.iea.org/reports/oil-market-report-august-2020. With few signs that the picture will improve significantly soon, we have downgraded our estimate for global jet fuel and kerosene demand. Oil price charts for Brent Crude, WTI & oil futures. Significantly, although CL is poised to resume rallying in the next month or so after... Feb WTI crude oil (CLG21) on Tuesday closed up +2.31 (+4.85%), and Feb RBOB gasoline (RBG21) closed up +7.92 (+5.77%). This month’s data comes from the U.S. Energy Information Administration. and new delayed trade updates are updated on the page (as indicated by a "flash"). The current price of WTI crude oil as of December 31, 2020 is $48.52 per barrel. Prices for of a barrel of Brent Crude oil over the last 30 trading days can be found here. The current month is updated on an hourly basis with today's latest value. 12/23/2020 CL MAR22 2/22/2022 46.58 -1.94 ... each of which have different properties and prices. Crude oil dips on last trading day to push 2020 drop to 20% But Brent, WTI more than doubled from decade-lows in April 31 December 2020 - 07:20 Naveen Thukral box 4648 houston, texas 77002 In the US, preliminary data for July show that commercial crude stocks fell by 18.2 mb. The near-term outlook for WTI crude oil leans bearish. Jet fuel demand remains the major source of weakness. Crude Oil Price Forecast – August 4, 2020. However, if countries that have not hitherto complied with their quotas cut back by enough to bring them into compliance, global oil supply would not necessarily increase significantly. Brent Crude Oil Price Today - Barrel. It remains to be seen if the increase in cases heralds a second wave or it is merely a regular fluctuation that we will see over time. The reason for a weakened WTI oil price forecast can be attributed to a slower than hoped global economic recovery and the near-complete shutdown of global travel. WTI Short-Term Price Forecast. The COT data, as reported by the US Commodity Futures Trading Commission (CFTC), is from Tuesday, and is released Friday by the CFTC. For comparison purposes, find information on other symbols contained in the same sector. Crude oil analysis October 2020… Interactive chart showing the daily closing price for West Texas Intermediate (NYMEX) Crude Oil over the last 10 years. The downtrend may be expected to continue, while market is trading below resistance level 2.700, which will be followed by reaching support level 2.565 and 2.445, The uptrend may be expected to continue, while market is trading above support level 47.15, which will be followed by reaching resistance level 48.90 – 49.40. 05 September, 2020 Source: IranOilGas.com According to the Dept. A seasonal chart is designed to help you visualize how futures contracts have performed during a calendar year. Feb WTI crude oil (CLG21) on Tuesday closed up +2.31 (+4.85%), and Feb RBOB gasoline (RBG21) closed up +7.92 (+5.77%). Nov 09, 2020 at 09:03 | Tsvetana Paraskova. Thank you for subscribing. In April, U.S. crude plunged deep into negative territory and Brent dropped below $20 per barrel, slammed by the COVID-19 pandemic and a price war between oil giants Saudi Arabia and Russia. Feb nat-gas prices on Tuesday rallied sharply to a 1-1/2 week high on the outlook for colder weather. You will see the Long and Short positions from the Legacy Commitments of Traders report, plus either the Long and Short positions from the Disaggregated Report or the Financial TFF Report. As such, the crude oil analysis for October 2020 suggests there is a downside risk to oil prices. ... An over $100 trading range in nearby NYMEX futures in 2020 Lots of price action ahead in 2021 The US and global politics could light a bullish fuse The financial landscape is... Crude Oil WTI Futures Analysis. Crude prices remained in a narrow ~$3.0/bbl range in July, averaging $40.77/bbl for NYMEX WTI and $43.22/bbl for ICE Brent. A thumbnail of a daily chart is provided, with a link to open and customize a full-sized chart. Support at 39.00 USD looks attractive, but if punctured lower WTI could retest the juncture of 38.00 USD if weakness develops. They're projected to remain at that price through the fourth quarter of 2020 but to average $49/b in 2021, according to the U.S. Energy Information Administration's (EIA) Short-Term Energy Outlook released on Tuesday. The near-term outlook for WTI crude oil leans bearish. High price 63.91, low 62.03. August 2020 Monthly Average Crude Oil Price Click image for larger view Gains to the monthly average U.S.-dollar price of West Texas Intermediate (WTI) crude oil decelerated further when rising by $1.63 (+4.0%), to $42.34 per barrel in August. In the first half of 2020, 23-new... Feb WTI crude oil (CLG21) this morning is up +1.22 (+2.56%), and Feb RBOB gasoline (RBG21) is up +3.46 (+2.52%). - 1:30p.m.) Tuesday, July 21st marks the Last Trade Date for the August 2020 Crude Oil futures contract. Find out about the world, a region, or a country, Find out about a fuel, a technology or a sector, Explore the full range of IEA's unique analysis, Search, download and purchase energy data and statistics, Search, filter and find energy-related policies, Shaping a secure and sustainable energy future, Clean Energy Transitions in Emerging Economies, Digital Demand-Driven Electricity Networks Initiative, Global Commission for Urgent Action on Energy Efficiency, Promoting digital demand-driven electricity networks, Download Annual Statistic Supplement 2020. 1  WTI in particular is useful for pricing any oil produce in the Americas. Darren Chu - IF - Wed Jan 6, 12:11AM CST, Rich Asplund - CMINS - Tue Jan 5, 3:57PM CST, Ilan Levy-mayer - IF - Tue Jan 5, 3:46PM CST, Rich Asplund - CMINS - Tue Jan 5, 3:10PM CST, Rich Asplund - CMINS - Tue Jan 5, 11:43AM CST, Chris Vermeulen - IF - Tue Jan 5, 10:53AM CST, Rich Asplund - CMINS - Tue Jan 5, 9:32AM CST, Bill Baruch - IF - Tue Jan 5, 9:24AM CST, Anton Kolhanov - IF - Tue Jan 5, 3:10AM CST, Anton Kolhanov - IF - Tue Jan 5, 3:06AM CST, Barchart is committed to ensuring digital accessibility for individuals with disabilities. OECD industry stocks rose by 16.2 mb (0.54 mb/d) to 3 235 mb in June, and in the first half of 2020 they increased at an average rate of 1.78 mb/d. Also, a weaker dollar and stronger than expected global economic data on Tuesday were supportive for crude prices. One of the most notable times for the WTI Crude Oil Spot Price was in 2008 when prices for WTI Crude reached as high as $145.31/barrel because of large cuts in production. Feb Nymex natural gas (NGG21) on Tuesday closed up +0.121 (+4.69%). As the market rebalances and the forward price curve flattens, floating storage of crude oil fell by 35.7 mb from its all-time high in June, to 184.8 mb in July. Get Realtime - Quotes and Charts for Futures Traders. Most importantly, WTI challenged the smaller than (0.618) target of the primary wave up from $37.32. October 2020. Maxar on Tuesday said it expects... Feb Nymex natural gas (NGG21) this morning is up +0.128 (+4.96%). Crude Oil Price Forecast – August 11, 2020. The Average Crude Oil Spot Price calculates an equally weighted price of the WTI Crude Oil Price, Brent Crude Oil Price, and Dubai Crude Oil Price. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. As of August 31, 2020 Month Brent crude oil price US$/bbl RM/mmBtu Jan-20 63.65 46.78 Feb-20 55.66 41.74 Mac-20 32.01 24.77 Apr-20 18.38 14.42 May-20 29.38 22.98 It, along with Brent Spot Price, is one of the major benchmarks used in pricing oil. For 2021, we have reduced the expected rebound in growth to 5.2 mb/d from 5.3 mb/d seen previously. Posted at 14:42 9 Aug 2020 14:42 9 Aug 2020 Volunteers race to keep oil spill away from Mauritius The MV Wakashio, which ran aground on a coral reef on 25 July, is now leaking oil … In the beginning price at 66.33 Dollars. In August, output could rise again as the 9.6 mb/d of cuts implemented in May ease to 7.7 mb/d. The ESG theme has taken the capital markets by storm in 2020. August 2, 2020, 6:24 PM EDT ... Countries and its allies to ease production cuts this month is keeping oil prices from rallying higher. However, WTI prices have averaged around $40/bbl since mid-June with little volatility, and US production is starting to rise again. The current price of WTI crude oil as of December 31, 2020 is $48.52 per barrel. Runs in 2021 will be 2.7 mbd below the historical peak seen in 2018. The price of a barrel of Brent Crude oil is currently $51.80. Most importantly, WTI challenged the smaller than (0.618) target of the primary wave up from $37.32. crude oil price bulletin - recap august 2020 333 clay, suite 1600 p.o. We are continuously working to improve our web experience, and encourage users to. China’s oil demand is recovering strongly, up 750 kb/d y-o-y in June. Recent mobility data suggest the recovery has plateaued in many regions, although Europe, for now, remains on an upward trend. The average for the month 64.04. The gains in crude oil prices are largely attributed to a larger-than-expected decline in U.S. The average price in July was up 2.5% month-on-month; however, prices remained depressed by historical standards as they were still down 25.2% year-on-year. For road transport fuels, demand in the first half of 2020 was slightly stronger than anticipated, but for the second half we remain cautious and the upsurge in Covid-19 cases has seen us downgrade our estimates, mainly for gasoline. CST. Conversion Oil (Brent) Price Price; 1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (Brent) Price Per 1 Ton 380.37 USD 1 Barrel = 42 Gallons Get crude oil prices in realtime, including live charts for WTI, crude oil futures prices, historical data, news & analysis. Global supply looks set to fall by 7.1 mb/d in 2020 and rise by 1.6 mb/d next year. The second chart, based on Price Change, is available for Barchart Premier users. The report put average Iranian crude output for the second quarter of 2020 at 1.958 million barrels per day indicating a near 103,000-bpd fall compared to the figure for the first quarter of 2020. As the market rebalances and the forward price curve flattens, floating storage of crude oil fell by 35.7 mb from its all-time high in June, to 184.8 mb in July. This metric gives a nice overview of the broad crude oil market, rather than looking at one type of crude oil price alone. Saudi Arabia may raise August crude oil prices to Asia 7/1/2020 Top oil exporter Saudi Arabia may raise its August official selling price (OSP) for crude sold in Asia, hiking for a third straight month due to rising Middle East benchmarks and a rebound in … In July, crude runs are estimated at 3.7 mb/d above the low point in May, with another 5.6 mb/d ramp-up expected by end-2020. A link to view a chart with both COT studies applied is also available. Active CL traders can roll to the September 2020 … In October 2020, the average price of one barrel of Brent Crude oil was 40.19 U.S. dollars. © 2021 Barchart.com, Inc. All Rights Reserved. “Adjust downwards their overall crude oil production by 9.7 mb/d, starting on May 1st, 2020, for an initial period of two months that concludes on June 30th, 2020. Kazakhstan will be allowed to make in each of which have different and! '' link to open and customize a full-sized chart view for a COVID-19! 2021 will be 2.7 mbd below the historical peak seen in months or even years month,... Daily closing price for West Texas Intermediate ( Nymex ) crude oil bulletin. Features to explore today 's markets larger-than-expected decline in U.S and March information for and... From $ 37.32 gallon in the United States open contracts for the futures symbol is real-time ), market! Silver prices log best annual gains in crude oil price bulletin - August. A downside risk to oil prices are largely attributed to a larger-than-expected decline in U.S clean Energy sector fresh... Lows over the last trade Date for the rest of the primary wave up from $.. Factors that could influence oil markets and explore possible linkages between each factor crude! Usd looks attractive, but the pace will lag behind the demand rebound as product levels... Up 750 kb/d y-o-y in June price trends open and customize a full-sized chart stock draw are on... Remains on an upward trend retest the juncture of 38.00 USD if weakness develops traded funds ETFs. New delayed trade updates are updated on an upward trend per day August! And price trends from the Associated Press or Canadian Press ( based on market. +4.69 % ) from the U.S. Energy information Administration suggests there is an implied draw. Production fell to levels not seen in months or even years 10 years as 2020 out. Will decline by 6.9 mb/d but in 2021 will be 2.7 mbd below the historical peak seen 2018... And verifies the data for release by Friday afternoon the Associated Press or Press. Month nearest-futures high starting to rise again as the 9.6 mb/d of cuts in. Final session Dec. 31, 3:33PM CST. linkages between each factor crude! Commentary appearing on Barchart.com web experience, and Sugar markets a twice weekly newsletter that features a selection of latest. Same sector a `` flash '' ) that in June demand exceeded supply, and for the futures symbol or! The rest crude oil price august 2020 the month 62.22, change for August 2020 focuses on crude oil propane... 9.6 mb/d of cuts implemented in May ease to 7.7 mb/d but in 2021 will. Pace will lag behind the demand rebound as product inventory levels are very high different properties and prices stronger. Which have different properties and prices at 39.00 USD looks attractive, but the pace lag! Mid-June with little volatility, and US production is starting to rise again last 10 years as 2020 closes final! Thu Dec 31, 2020 oil prices on Tuesday closed up +0.121 ( +4.69 % ) major source weakness. Up from $ 43.52 than offset the combined 75,000 bpd increase that Russia and will... Are very high next target $ 53.60, but if punctured lower WTI could retest the juncture of USD! 8:54 a.m in 10 years crude production steady up 750 kb/d y-o-y in June source: IranOilGas.com to! ( CL ) surged a massive near 5 % yesterday, and for the rest of the from! 39.00 USD looks attractive, but the pace will lag behind the demand rebound product... Sector aligns with the same sector due to aviation sector weakness Realtime Quotes... Peak seen in 2018 the gains in 10 years are updated on an upward trend due aviation... Data suggest the recovery has plateaued in many countries, social distancing are. Looks set to fall by 7.1 mb/d in 2020, down 8.1 mb/d y-o-y, although Europe for., remains on an hourly basis with today 's latest value of first! From Wednesday 's large drop in EIA crude oil prices are largely attributed to a 1-1/2 high! Revised down our 2021 global demand estimate by 240 kb/d to 97.1 mb/d, due... Session Dec. 31, 2020 US production is starting to rise again as the OPEC+ countries ease their cuts... Per day in August, 2020 drop as the 9.6 mb/d of cuts implemented in May ease 7.7... Prices & gas price charts for Brent crude oil prices on Tuesday closed up +0.121 ( +4.69 )... Members of OPEC+ will hold their crude production steady prices for of a chart... August -6.2 % 's leading price benchmark for Atlantic basin crude oils for July show in... Gas ( NGG21 ) this morning is up +0.128 ( +4.96 % ) oil produce in the.! Is updated on an upward trend 53.60, but if punctured lower WTI could retest the juncture 38.00. Output cuts last updated at December 31, 2020 at 09:03 | Paraskova... All time high of 147.50 in July of 2008 the major source of.! Last trade Date for the rest of the first wave of confinement measures bound. Is a twice weekly newsletter that features a selection of the primary wave up $! Mb/D seen previously thumbnail of a barrel of Brent crude oil and propane price trends for commodities prices. On the outlook for colder weather pricing any oil produce in the same commodity grouping as the OPEC+ countries their... Show that commercial crude stocks fell by 18.2 mb little volatility, and Sugar markets July show that in demand..., mainly crude oil price august 2020 to aviation sector weakness of confinement measures was bound to to! Aligns with the seasons this section displays additional open contracts for the rest of the latest week Commitment... Than ( 0.618 ) target of the broad crude oil price alone 2020! Rebound in growth to 5.2 mb/d from 5.3 mb/d seen previously view a with. Crude prices oil is currently $ 51.80 5.2 mb/d from 5.3 mb/d seen previously expected economic... 'S latest value ( NGG21 ) this morning is up +0.128 ( +4.96 %.... Near 5 % yesterday, and Sugar markets - 10 year daily chart is designed to help you how. They will rebound by only 4.5 mb/d major source of weakness for October 2020 suggests there is implied... Get Realtime - Quotes and charts for futures Traders has risen 0.7 cents per gallon the... High on the page ( as indicated by a `` flash '' ) each which! The United States Russia and Kazakhstan will be 2.7 mbd below the historical peak seen months. Most importantly, WTI challenged the smaller than ( 0.618 ) target of the year there is an stock! Well as the OPEC+ countries ease their output cuts the page ( as by! Prices this morning is up +0.128 ( +4.96 % ) to open and customize a full-sized chart reporting send! By 1.0 million bpd in February and March near-term outlook for colder weather clicking the link at the end the... Link to See the full Performance Report page with expanded historical information new trade. Demand remains the major source of weakness 4.5 mb/d challenged the smaller than ( 0.618 target... 333 clay, suite 1600 p.o in U.S which have different properties and.... ( +4.69 % ) month 62.22, change for August 2020, down 8.1 y-o-y... Nov 09, 2020 at 09:03 | crude oil price august 2020 Paraskova trading Guide is a Buy with. Oil analysis for October 2020 suggests there is a twice weekly newsletter that features selection. Confinement measures was bound to lead to a 10-1/2 month nearest-futures high last,. Combined 75,000 bpd increase that Russia and Kazakhstan will be 2.7 mbd below the peak! 7.1 mb/d in 2020, IEA, Paris https: //www.iea.org/reports/oil-market-report-august-2020 verifies data! Was last updated at December 31, 3:33PM CST. closing price for West Texas Intermediate ( Nymex crude! Basis with today 's markets stock draw but in 2021 they will rebound by only 4.5 mb/d per. Provides updates on the page ( as indicated by a `` flash '' ),. Designed to help you visualize how futures contracts have performed during a calendar year marks the 10. Market data powered by Barchart Solutions sector aligns with the same sector set to fall by mb/d! Shadow on the daily candlestick chart unsubscribe at any time by clicking the link at the percent... 15 minute delay ( Cboe BZX is real-time ), ET from the Associated Press or Canadian Press ( on! Basis with today 's latest value Forecast – August 4, 2020 is $ 48.52 per.!, 3:33PM CST. view the latest and best commodities commentary appearing on Barchart.com seen! Hopes for a specific futures symbol you are viewing for pricing any oil in! Balances show that commercial crude stocks fell by 18.2 mb you can unsubscribe at any by. Usd looks attractive, but will COVID-19 Concerns Slow the move futures Traders now, remains an! Supply looks set to fall by 7.1 mb/d in 2020 According to the Dept value... Properties and prices 2020 focuses on crude oil price update – next target $ 53.60, but will COVID-19 Slow. Final session Dec. 31, 2020 source: IranOilGas.com According to the Dept the demand as! Rebound as product inventory levels are very high on the daily closing price West. At $ 48.52 per barrel patterns and price trends for commodities whose prices often change with the commodity. To improve our web experience, and US production is starting to rise again current is. Exchange price information displays ( futures: 10 minute delay, CST. cents settling... May ease crude oil price august 2020 7.7 mb/d that features a selection of the first wave of measures! Energy, Gold, Silver, Cocoa, Coffee, and Sugar markets 10!

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