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Recap: The oil market surged higher on Monday after OPEC and its allies, including Russia, surprised the market with an announcement on Sunday that it is cutting its production target […]
Recap: Oil prices continued to move higher on Friday as U.S. inflation data showed some signs of price pressures easing. The market posted a low of $73.77 in overnight trading […]
Thursday, March 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.142, four cents below Wednesday’s closing price of $2.184. Ascending to the intraday high of $2.165 shortly […]
Recap: The oil market on Thursday posted an outside trading day as it continued to erase Wednesday’s early gains in overnight trading and later bounced higher. The market extended its […]
Wednesday, March 29th, settlement day for the April contract saw the front-month NYMEX contract open at $1.981, five cents below Tuesday’s closing price of $2.030. In a sparse day of […]
Recap: The oil market traded lower following some choppy trading as traders took profits following two consecutive days of gains. Early in the session, the crude market was well supported […]
Tuesday, March 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.094, nearly a penny above Monday’s closing price of $2.088. Posting a staggered ascent through the morning […]
Recap: The crude oil market continued to trend higher on Tuesday following Monday’s sharp gains on supply disruption risk from the Iraqi Kurdistan region. Iraq has been forced to halt […]
Monday, March 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.119, ten cents below Friday’s closing price of $2.216. Following a bearish shift in weather models over […]
Recap: The oil market on Monday continued to retrace Friday’s early losses. The market was supported by the news that Iraq was forced to halt about 450,000 bpd of crude […]