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Recap: Oil prices opened slightly higher on Thursday, but were unable to gather momentum to the upside. Macroeconomic worries and lower demand forecasts outweighed concern regarding supply shortfalls due to […]
Thursday, October 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.256, roughly six cents below Wednesday’s closing price of $3.320. Settling near $3.240 by 9:30AM the contract […]
Recap: The larger than expected 6.5 million barrel build in U.S. crude oil inventories sparked a length lightening sell-off in both WTI and Brent. WTI fell to a four week […]
Wednesday, October 17th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.261, two cents above Tuesday’s closing price of $3.239. Following a quiet morning where traders weighed expectations […]
Tuesday, October 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.230, a penny below Monday’s closing price of $3.242. In a choppy day of trading, prices slipped […]
Recap: Oil prices climbed for the third straight day on Tuesday, gathering strength from geopolitical tensions between the U.S. and Saudi Arabia over the disappearance of a U.S journalist. Oil prices […]
Recap: Oil prices bounced early in the session on Monday, as tensions between the U.S. and Saudi Arabia, appeared to heighten, giving rise to concern about supplies. However, falling equities and […]
Friday, October 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.232, a penny above Thursday’s closing price of $3.222. Extending to the intraday high of $3.237 as […]
Recap: Oil prices staged a comeback on Friday, but suffered their first weekly loss in five weeks. OPEC’s monthly report, which indicated a growth in the group’s production, and the […]
Recap: Oil prices fell sharply on Thursday after the EIA reported a 6 million barrel rise in U.S. crude oil inventories. This was the third week in a row U.S. […]