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GAZB - Natural Gas: A Higher Low Of $2 On The Horizon
Barclays Bank PLC
The price of nearby July NYMEX crude oil futures had exploded higher since trading to a low of $17.27 per barrel on April 27. At the end of last week, the price of the energy commodity was at the $39 level. Crude oil more than doubled. The action in the continuous contract was even more dramatic. After falling to around negative $40 per barrel on April 20, the price of NYMEX petroleum has recovered by almost $80 per barrel in a little over seven weeks. The continuous Brent crude oil came back from $16 to