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Wednesday, April 22nd saw the front-month NYMEX Natural Gas contract open at $2.740, $0.043 above Tuesday’s closing price $2.697. Buoyed by ongoing geopolitical tensions and restrictions in the Strait of […]
Recap: The oil market traded higher on Wednesday as the market weighed the indefinite extension of the ceasefire by the U.S. against the continuing halt of shipping traffic through the […]
Recap: The May WTI contract on its last trading session as the spot contract, traded higher as the market waited to see what direction the Iran war would take. The […]
Tuesday, April 21st saw the front-month NYMEX Natural Gas contract open at $2.685, $0.004 below Monday’s closing price $2.689. Recording the intraday low of $2.663 at 9:35AM, a drop in […]
Recap: The oil market rallied sharply higher on Monday amid fears that a fragile ceasefire between the U.S. and Iran could collapse. The market, which sold off sharply on Friday […]
Recap: The oil market plunged more than 11% on Friday following Iran’s announcement of the reopening of the Strait of Hormuz. The crude market traded in a sideways trading range […]
Thursday, April 16th saw the front-month NYMEX Natural Gas contract open at $2.614, $0.004 above Wednesday’s closing price $2.610. Recording the intraday low of $2.606 within minutes of the opening […]
Recap: The crude oil market traded higher on Thursday despite U.S. President Donald Trump stating that the U.S. is close to a deal with Iran. The market remained skeptical of […]
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Recap: The oil market on Wednesday continued on its downward trend but settled 0.01% as the geopolitical risk premium continued to fade on expectations of renewed U.S.-Iran talks aimed at […]