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Recap: Oil prices fell for the second time in seven weeks, pressured by strength in the, dollar following a stellar U.S. jobs report. Friday’s sell-off stymied the rally that began […]
Thursday, February 1st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.907, nine cents below Wednesday’s closing price of $2.995. Climbing initially to mark the intraday high of […]
Recap: Oil prices bounced on Thursday, having been propped up by several factors. Among these factors were signs that OPEC members are adhering to their agreed upon output cuts, Goldman Sachs […]
Wednesday, January 31st saw the front-month NYMEX Natural Gas Futures Contracts open at $3.062, thirteen cents below Tuesday’s closing price of $3.195. Technical trading drove markets lower overnight as traders […]
Recap: The downside correction in oil prices continued on Wednesday, encouraged by the larger than expected increase in U.S. crude oil inventories. According to the EIA, crude oil stockpiles rose 6.8 […]
On Tuesday, January 30th – the March NYMEX Natural Gas Futures Contracts began trading as the prompt month. Opening at $3.236, seven cents below Monday’s closing price of 3.167, prices […]
Recap: After rising to 3-year highs, oil prices are beginning to show signs of weakening, as investors exit record length and U.S. production continues to strengthen. Prices may very likely […]
On Monday, January 29th – settlement day for the February Contract – the front-month NYMEX Natural Gas Futures Contracts opened at $3.379, thirteen cents below Friday’s closing price of $3.505. […]
Recap: The oil market traded higher on the opening and rallied to a high of $66.46 in overnight trading after the market breached its previous high. However, the market erased its […]
Recap: Oil prices retreated from three year highs on Friday, but finished the session with posted gains, as the dollar weakened and the U.S. rig rose. Oil prices settled at their […]