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The Market Weighed the News of the U.S. Federal Court’s Ruling Against Tariffs

By Emily Beckett | May 30, 2025 | Comments Off on The Market Weighed the News of the U.S. Federal Court’s Ruling Against Tariffs

Recap:  The crude oil market on Thursday posted an outside trading day as the market weighed the news of a U.S. federal court’s ruling against President Donald Trump’s tariffs and […]

July NYMEX Natural Gas Futures Contract Closed at $3.522 on Thursday, May 29th

By Emily Beckett | May 30, 2025 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $3.522 on Thursday, May 29th

Thursday, May 29th saw the front-month NYMEX Natural Gas contract open at $3.543, $0.014 below Wednesday’s closing price of $3.557. Trading along $3.545 leading up to the weekly publication, prices […]

OPEC+ Agreed to Establish a Mechanism for 2027 Oil Production Baselines

By Emily Beckett | May 29, 2025 | Comments Off on OPEC+ Agreed to Establish a Mechanism for 2027 Oil Production Baselines

Recap:  The oil market traded higher after OPEC+ agreed to establish a mechanism for setting baselines for its 2027 oil production. A separate meeting on Saturday of eight OPEC+ countries […]

July NYMEX Natural Gas Futures Contract Closed at $3.557 on Wednesday, May 28th

By Emily Beckett | May 29, 2025 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $3.557 on Wednesday, May 28th

Wednesday, May 28th saw the front-month NYMEX Natural Gas contract open at $3.425, $0.027 above Tuesday’s closing price of $3.398. Trending lower throughout the session, June settled lower on Wednesday […]

The Oil Market Traded Lower Ahead of the OPEC+ Meeting

By Emily Beckett | May 28, 2025 | Comments Off on The Oil Market Traded Lower Ahead of the OPEC+ Meeting

Recap:  The oil market traded lower on Tuesday ahead of the OPEC+ meeting later this week, while easing trade tensions provided some support to the market. The crude market traded […]

June NYMEX Natural Gas Futures Contract Closed at $3.398 on Tuesday, May 27th

By Emily Beckett | May 28, 2025 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $3.398 on Tuesday, May 27th

Tuesday, May 27th saw the front-month NYMEX Natural Gas contract open at $3.360, $0.026 above Friday’s closing price of $3.334. Falling to the intraday low of $3.272 by 9:25AM as […]

The Market Weighed the News of the Proposed 50% EU Tariff

By Emily Beckett | May 27, 2025 | Comments Off on The Market Weighed the News of the Proposed 50% EU Tariff

Recap:  The oil market on Friday posted an outside trading day and its first weekly decline of 0.71% in three weeks as the market weighed the news of U.S. President […]

June NYMEX Natural Gas Futures Contract Closed at $3.334 on Friday, May 23rd

By Emily Beckett | May 27, 2025 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $3.334 on Friday, May 23rd

Friday, May 23rd saw the front-month NYMEX Natural Gas contract open at $3.238, $0.015 below Thursday’s closing price of $3.253. Recording the intraday low of $3.229 within minutes of the […]

June NYMEX Natural Gas Futures Contract Closed at $3.253 on Thursday, May 22nd

By Emily Beckett | May 23, 2025 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $3.253 on Thursday, May 22nd

Thursday, May 22nd saw the front-month NYMEX Natural Gas contract open at $3.307, $0.061 below Wednesday’s closing price of $3.368. Trading sideways along the $3.310 level leading up to the […]

OPEC+ Discussing a Production Increase for July

By Emily Beckett | May 23, 2025 | Comments Off on OPEC+ Discussing a Production Increase for July

Recap:  The oil market on Thursday trades lower and settled down following a report that OPEC+ is discussing a production increase for July. The market posted the day’s trading range […]