The 360 Digital Closing Bell
![Cover art of The 360 Digital Closing Bell The 360 Digital Closing Bell](https://assets.blubrry.com/coverart/300/1063184-32349.jpg)
Daily Energy Market Summary #122: 9/21/2020
Huge market selloff to begin the week as the Dow Jones dropped 843 points, or 3.1%. The S&P 500 lost 2.5% while the Nasdaq Composite fell 1.6%. Stock fell on worse than expected COVID-19 optimism and uncertainty on any new fiscal stimulus. Traders are eyeing key reversal pts in the markets
Crude oil prices take a beating, tumbling below $40, settling around $39.76 around 1:15 PM MST. Natural gas prices do the worst out of any today, losing over 10% with the front month trading around $1.83.
US Shale News
- $OXY pays Buffet preferred stock in cash
- Shell cutting US jobs
- $DEN completes financial restructuring
- $NOG completes reserves stock split
International
- Mideast energy forum takes shape to promote gas exports
- Oil prices slip on Libyan oil returning to market
Email the show mtanner@enercominc.com