Daily Energy Market Summary: #147 – 10/28/2020

Published October 28, 2020 10,965 Views

Rumble Another day, another red showing for all major indices as COVId-19 lockdown concerns sweep over the markets. Dow Jones finishes below 27,000 for the first time since mid April as investor swarm to save-haven assets. Even NQ takes a hit, finishing down over 3% also

• S&P 500: -3.09%
• Nasdaq: -3.23%
• Dow Jones: -3.10%

Oil and Gas News Today
Crude oil fundamentals breakdown globally with COVID19 lockdowns mounting pressure on global oil storage numbers, with a bearish crude oil report. Crude oil prices settle at $37.51. Natural gas prices stay steady amid a strengthening in Hurricane Zeta and continued colder weather, thought a revised weather forecast has the Midwest heating up slightly toward the end of the week. Natural gas price settle around $3.040

North American Shale News
• Crude oil inventories: + 4.3 mm bbl
• Hess earnings YIKES

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