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Energy Industry: Difference between revisions
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=== April 2023 === | === April 2023 === | ||
* Oil prices were mainly flat during march at around $75. The prices had a high of $73 at mid march. <ref>https://www.bloomberg.com/quote/CL1:COM</ref> | * Oil prices were mainly flat during march at around $75. The prices had a high of $73 at mid march. <ref name=":2">https://www.bloomberg.com/quote/CL1:COM</ref> | ||
* Gasoline prices went from 3.533 to 3.765. Small increase of 6%.<ref name=":1" /> | * Gasoline prices went from 3.533 to 3.765. Small increase of 6%.<ref name=":1" /> | ||
* Natural Gas prices went from 2.22 to 2.32. A 4.5% increase.<ref>https://www.bloomberg.com/quote/NG1:COM</ref> | * Natural Gas prices went from 2.22 to 2.32. A 4.5% increase.<ref name=":3">https://www.bloomberg.com/quote/NG1:COM</ref> | ||
* The future markets continue to expect lower oil prices, now at $69.43 at year end. <ref>https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref> | * The future markets continue to expect lower oil prices, now at $69.43 at year end. <ref name=":4">https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref> | ||
=== May 2023 === | |||
* Oil prices were very volatile during may, however it ended the month significantly lower than last month at about $68. <ref name=":2" /> | |||
* Gasoline prices went from 3.711 to 3.684. Small decline of almost 1%.<ref name=":1" /> | |||
* Natural Gas prices went from 2.32 to 2.26. Relatively flat during the month.<ref name=":3" /> | |||
* The future markets continue to expect lower oil prices, now at $66.95 at year end. <ref name=":4" /> | |||
== References == | == References == | ||