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Tuesday, April 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.590, even to Monday’s closing price. With continued bearish sentiment setting in as temperatures rise and expectations […]
The EIA reported that US shale production is expected to increase to a record 8.5 million bpd in May
Recap: The oil market traded lower on Monday on the possibility that Russia may decide to abandon the agreement between OPEC and non-OPEC producers. The crude market opened down 13 cents […]
Monday, April 15th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.626, roughly three cents below Friday’s closing price of $2.660. Trending lower out of the gate, prices […]
Friday, April 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.682, nearly two cents above Thursday’s closing price of $2.664. Rising to the intraday high of $2.688 […]
Recap: Oil prices rose on Friday as concerns over tightening supplies increased due to supply cuts from Venezuela and Iran and conflicts in Libya. Adding to the up move was […]
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Recap: Oil prices fell 2 percent on Thursday on reports that OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying. May WTI fell […]
Thursday, April 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.676, roughly two cents below Wednesday’s closing price of $2.700. Climbing steadily through the morning, the contract […]
Recap: Gasoline futures surged on Wednesday, hitting a 6 month high after the EIA reported a 7.7 million barrel drop in U.S gasoline inventories. Expectations were calling for a 1.9 million […]
Wednesday, April 10th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.715, nearly two cents above Tuesday’s closing price of $2.699. Falling to an intraday low of $2.686 […]