The spot price of Brent averaged US$40/barrel in Jun’20, up US$11/barrel from the average in May’20 and US$22/barrel higher than in Apr’20’. EIA has forecasted Brent spot prices to average US$41/barrel in 2020 and US$50/barrel in 2021.

Henry Hub Spot Price

Henry Hub spot prices averaged US$1.63/MMBtu in Jun’20, which was the lowest inflation-adjusted price since 1989. EIA forecasts that Henry Hub spot prices will average US$1.93/MMBtu in 2020 and US$3.1/MMBtu in 2021.