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Tuesday, January 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.054, nearly fifteen cents below Friday’s closing price of $3.200. Diminished from Friday’s gains due to profit […]
Recap: Oil prices fell for the first time in 7 days, as traders took profits from the recent upswing. Prices remain caught between healthy demand, OPEC led supply cuts and hefty […]
Recap: Please note there are no settlements for Monday, January 15th due to the Martin Luther King, Jr. holiday. The settlements listed are for Friday, January 12th. Fundamental News: Russia’s Foreign […]
Friday, January 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.141, six cents above Thursday’s closing price of $3.084. Tumbling down in the first hour of trading, […]
Recap: Oil prices closed at their highest level in over 3 years, gaining support from geopolitical tensions, increasing demand and declining U.S. stockpiles. A break below $63.50 in February WTI triggered […]
Recap: The oil market settled in positive territory for the fourth consecutive session after rallying to its highest level since December 8, 2014 on tightening global crude stocks and after OPEC […]
Thursday, January 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.977, seven cents above Wednesday’s closing price of $2.906. The contract inched upward to exceed the $3.00 […]
Recap: Oil prices continued to move higher, gaining support from the 4.95 million barrel draw in U.S. crude oil inventories, but the higher move was contained by the larger than expected […]
Wednesday, January 10th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.944, two cents above Tuesday’s closing price of $2.923. A sluggish climb brought the contract to the […]
Recap: With expectations that U.S. crude oil inventories fell for the eighth straight week, WTI rose to its highest level since December 2014 and Brent reached a new 2.5 year high. […]