Search Results

The Market Posted a Weekly Gain for the First Time in Four Weeks After Reports by OPEC+, the IEA, and the EIA Raised Confidence

By Emily Beckett | June 18, 2024 | 0 Comments

Recap:  The crude market traded higher on Monday following last week’s gains as traders turned more optimistic on demand growth. Last week, the market posted a weekly gain for the […]

July NYMEX Natural Gas Futures Contract Closed at $2.788 on Monday, June 17th

By Emily Beckett | June 18, 2024 | 0 Comments

Monday, June 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.800, eight cents below Friday’s closing price of $2.881. Knocked down over the weekend by increased production […]

The Market Remained Focused on the Unexpected Inventory Builds Reported by the EIA

By Emily Beckett | June 17, 2024 | 0 Comments

Recap:  The oil market on Friday posted its first weekly gain in a month as it settled up 3.87%, despite it ending the session down 0.22% on the day. It […]

July NYMEX Natural Gas Futures Contract Closed at $2.881 on Friday, June 14th

By Emily Beckett | June 17, 2024 | 0 Comments

Friday, June 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.918, four cents below Thursday’s closing price of $2.959. Attaining an intraday high of $2.974 by 9:45AM, […]

The Oil Market Traded Mostly Sideways and Ended Slightly Higher on Thursday

By Emerson Doiron | June 14, 2024 | 0 Comments

Recap: The oil market traded mostly sideways and ended slightly higher, up 0.15% on the day,as the market weighed the builds in crude and product stocks and expectations of slow […]

July NYMEX Natural Gas Futures Contract Closed at $2.959 on Thursday, June 13th

By Emerson Doiron | June 14, 2024 | 0 Comments

Thursday, June 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.970, seven cents below Wednesday’s closing price of $3.045. Trading along $3.010 through the day’s opening hour, […]

The Federal Reserve Held Interest Rates Steady Following the End of its Two-Day Policy Setting Meeting

By Emily Beckett | June 13, 2024 | 0 Comments

Recap:  The crude market continued on its upward trend on Wednesday, although it gave up some of its earlier gains after the Federal Reserve held interest rates steady and penciled […]

July NYMEX Natural Gas Futures Contract Closed at $3.045 on Wednesday, June 12th

By Emily Beckett | June 13, 2024 | 0 Comments

Wednesday, June 12th saw the front-month NYMEX Natural Gas Futures Contract open at $3.051, seven cents below Tuesday’s closing price of $3.129. Battling upward on the back of forecasted elevated […]

The Oil Market on Tuesday Traded Higher as the EIA Raised its World Oil Demand Growth Estimate for the Year

By Emily Beckett | June 12, 2024 | 0 Comments

Recap:  The oil market on Tuesday traded higher as the EIA raised its world oil demand growth estimate for the year, while OPEC maintained its forecast for strong growth in […]

July NYMEX Natural Gas Futures Contract Closed at $3.129 on Tuesday, June 11th

By Emily Beckett | June 12, 2024 | 0 Comments

Tuesday, June 11th saw the front-month NYMEX Natural Gas Futures Contract open at $3.050, fourteen cents above Monday’s closing price of $2.906. Bolstered overnight by extended forecasts calling for above […]