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Recap: Baker Hughes Co. on Friday reported that the number of active U.S. rigs drilling for oil fell by 3 to 671 this week. That followed declines in each of the last […]
Thursday, November 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.535, two cents below Wednesday’s closing price of $2.559. Ascending to $2.560 by 10:00AM, prices held steady […]
Recap: Oil traded higher Thursday, finding support from a report that the Organization of the Petroleum Exporting Countries and its allies are likely to extend production cuts as well as renewed […]
Wednesday, November 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.556, nearly five cents above Tuesday’s closing price of $2.510. Following two days of losses, the contract […]
Recap: Oil futures moved up on Wednesday, following a U.S. government report that showed domestic crude supplies up a fourth straight week, but by less than the six million-barrel jump reported […]
Tuesday, November 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.517, five cents below Monday’s closing price of $2.566. Slipping lower overnight once again, bearish forecasts for […]
Recap: Oil futures fell for a second day on Tuesday, with December WTI slipping toward key support set at $55.00 and January Brent falling below $61.00 a barrel. Pressure was […]
Monday, November 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.588, roughly two cents above Friday’s closing price of $2.688. Dropping nearly 4% over the weekend, seasonal […]
Recap: Following last week’s gains, the oil market remained well supported in overnight trading on hopes for a trade deal between the US and China and the expectations that OPEC […]
Friday, November 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.671, roughly two cents above Thursday’s closing price of $2.647. Descending into the session’s opening hour to […]