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Recap: The crude market traded higher on Wednesday on news that Iran suspended its cooperation with the U.N.’s IAEA and the U.S. and Vietnam reached a trade deal. Early in […]
Wednesday, June 2nd saw the front-month NYMEX Natural Gas contract open at $3.462, $0.047 above Tuesday’s closing price of $3.415. Falling to the intraday low of $3.435 within minutes of […]
Tuesday, June 1st saw the front-month NYMEX Natural Gas contract open at $3.361, $0.095 below Monday’s closing price of $3.456. Despite the current elevated cooling demand, prices pulled back to […]
Recap: The oil market remained in its consolidation pattern on Tuesday amid the expectations that OPEC+ will announce an output hike for August at an upcoming meeting, while the market […]
Recap: The oil market continued to trade mostly sideways on Monday as the concerns over the geopolitical tensions in the Middle East eased. Also, a possible OPEC+ output increase for […]
Monday, June 30th saw the front-month NYMEX Natural Gas contract open at $3.525, $0.214 below Friday’s closing price of $3.739. Marking the intraday high of $3.552 at 9:35AM, stout storage […]
Friday, June 27th saw the front-month NYMEX Natural Gas contract open at $3.609, $0.083 above Thursday’s closing price of $3.526. Recording the intraday low of $3.592 at 9:05AM, the contract […]
Recap: The crude market, which posted an inside trading day, traded higher for a third consecutive day on Friday. However, the market settled down 11.27% on the week after the […]
Thursday, June 26th saw the front-month NYMEX Natural Gas contract open at $3.371, $0.035 below Wednesday’s closing price of $3.406. Trending lower throughout the session, July settled lower on Thursday […]
Recap: The oil market on Thursday continued to trend sideways as traders remained cautious over the Iran-Israel ceasefire and focused on the fundamentals after the EIA on Wednesday reported draws […]