- 7 Aug 2020
- By CME Group
- Topics: Energy
Global gas price convergence and uncertainty around supply and demand heading into the upcoming withdrawal season has led to unprecedented growth in the Henry Hub complex.
Our Energy research team has released a series of articles reviewing the fundamentals around WTI after this April’s super-contango. Topics include:
While markets rebalance, the percentage of WTI futures and options traded during ETH in Q2 continues to increase while market participants continue to use CME Group Energy products to manage their risk around the clock.
US gasoline consumption returning to pre-Covid-19 levels
Within the last few weeks, US gasoline consumption has gone from 5,329 thousand bbl during the week of April 24 to 8,451 thousand bbl on the week of July 3, returning to March levels.
This data set and chart is from the EIA
A new article that reviews CME Group’s exchange data on Jet Fuel pricing shows that the decline has stimulated increased hedging activity, with the cost of carry levels offering incentives to store cargoes for future delivery.
Source: CME Group
|
Q2 ADV |
Q2 2020 v Q2 2019 |
|---|---|---|
Energy complex |
2.59 mm |
+4% |
Energy futures |
2.32 mm |
+2% |
Energy options |
268K |
+2% |
CL |
1.27 mm |
Flat |
NG |
485K |
+37% |
HO |
159K |
-4% |
RB |
169K |
-26% |
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