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Monday, November 29th saw the front-month NYMEX Natural Gas Futures Contract open at $4.936, fifty-one cents below Friday’s closing price of $5.447. Following Friday’s contract expiration-induced rally, prices withdrew ahead […]
Recap: After falling by almost 13% on Friday, oil prices rebounded on Monday alongside a higher equities market. Traders seem to agree that the price collapse on Friday was a bit […]
Friday, November 26th saw the front-month NYMEX Natural Gas Futures Contract open at $5.337, twenty-seven cents above Wednesday’s closing price of $5.068. Following a volatile day of trading, the December […]
Recap: Oil futures traded back and forth on Wednesday, with the January contract hovering around the 50-day moving average. Trading was quiet ahead of the Thanksgiving Holiday in the U.S. Thursday’s […]
Tuesday, November 23rd – saw the front-month NYMEX Natural Gas Futures Contract open at $4.929, fourteen cents below Monday’s closing price of $4.789. Trading along either side of $4.970 through […]
Recap: The U.S. along with other major oil consumers announced a coordinated plan to release crude oil from strategic reserves in an effort to stem rising energy costs, but the […]
Monday, November 22nd – saw the front-month NYMEX Natural Gas Futures Contract open at $4.780, nearly twenty-nine cents below Friday’s closing price of $5.065. Slipping to an eleven-week intraday low […]
Recap: Oil futures erased early losses on Monday after a news report said OPEC and its allies were rethinking plans to continue with modest output increases. The potential move was seen […]
Friday, November 19th – saw the front-month NYMEX Natural Gas Futures Contract open at $4.965, six cents above Thursday’s closing price of $4.902. Fluctuating along the $4.950 mark through 11:00AM, […]
Recap: The rising cases of COVID-19 in Europe and fresh lockdowns in Austria pushed oil prices to their lowest level in 7 weeks. Market sentiment has turned bearish as traders were […]