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Tuesday, January 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.571, a penny above Thursday’s closing price of $2.737. Losing ground over the long holiday weekend as […]
Recap: Oil futures traded higher on Tuesday, following a rise in equity markets and weakness in the dollar and discounting a cut in the International Energy Agency’s forecast for 2021 demand. […]
Fundamental News: IIR Energy reported that U.S. oil refiners are expected to shut in 3.7 million bpd of capacity in the week ending January 22nd, increasing available refining capacity by 191,000 […]
Friday, January 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.774, a penny above Thursday’s closing price of $2.666. Ascending to an intraday high of $2.800 by […]
Recap: Oil prices turned lower on Friday, as lockdowns in China fueled demand concerns due to coronavirus lockdowns. Demand woes tempered the rally driven by strong Chinese oil imports, the […]
Thursday, January 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.736, a penny above Wednesday’s closing price of $2.727. Ascending to $2.760 ahead of 10:00AM, prices jumped […]
Recap: Oil futures turned higher on Thursday, boosted by weakness in the dollar and signs of healthy imports by China, but concern over demand kept limited moves to the upside. […]
Wednesday, January 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.786, three cents above Tuesday’s closing price of $2.753. Choppy trading ensued throughout the morning hours, covering […]
Recap: Oil prices fell on Wednesday, ending six consecutive sessions of gains for WTI, pressured by a gain in the U.S. dollar and increases in both gasoline and heating oil […]
Recap: Oil futures reached their highest level in 11 months, bolstered by renewed weakness in the U.S. dollar, as traders continue to buy on hopes Saudi Arabia’s plans to limit supplies […]