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Recap: Oil futures pulled back Thursday, on lingering concerns regarding demand and as weekly unemployment claims rose in the U.S. The lower move also follows Wednesday’s release of the Fed’s July […]
Recap: WTI futures were steady on Wednesday, shaking off early losses after gaining support from the EIA report, which showed a decline in U.S. gasoline inventories. Gains were limited however, as […]
Tuesday, August 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.444, ten cents above Monday’s closing price of $2.339. With bullish sentiment continuing to support the overbought […]
Recap: Oil traders squared positions ahead of the API report and Wednesday’s meeting between OPEC and its allies, pushing oil futures lower on Tuesday. However, traders were placing bets that the […]
Monday, August 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.359, just above Friday’s closing price of $2.356. Extending to an intraday high of $2.374 at 9:40AM, […]
Recap: Oil prices reversed early losses, as China planned to boost U.S. imports and as OPEC+ members almost fully complied with production cuts last month. The reports of U.S. imports to […]
Friday, August 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.228, a penny above Thursday’s closing price of $2.182. Ascending from the intraday low of $2.227 within […]
Recap: The oil markets continued to wander about in a sideways trading pattern today as traders appear to hold little conviction on the direction of prices here near term, especially […]
Thursday, August 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.161, a penny above Wednesday’s closing price of $2.152. Seeking direction through the day’s opening ninety minutes, […]
Recap: The oil market was on the defensive Thursday due in part to the release of IEA latest market outlook. The IEA reduced its 2020 oil demand forecast by 140,000 […]