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Recap: The crude oil market on Wednesday sold off sharply following U.S. President Donald Trump’s statement late Tuesday that the U.S. reached a deal to import up to $2 billion […]
Wednesday, January 7th saw the front-month NYMEX Natural Gas contract open at $3.490, $0.140 above Tuesday’s closing price of $3.350. Trending higher overnight as forecasts added demand for the back […]
Tuesday, January 6th saw the front-month NYMEX Natural Gas contract open at $3.357, $0.204 below Friday’s closing price of $3.523. In a calm day of trading, traders shook off the […]
Recap: The oil market erased its early gains and ended the session lower as the market weighed the uncertainty regarding Venezuela’s oil output after the U.S. capture of Venezuela’s President […]
Monday, January 5th saw the front-month NYMEX Natural Gas contract open at $3.414, $0.204 below Friday’s closing price of $3.618. Recording a two-month intraday low of $3.355 within minutes of […]
Recap: The oil market posted an outside trading day as the market assessed the situation in Venezuela, whose crude exports have been under a U.S. embargo, and the potential impact […]
Recap: The oil market fell on the first day of trading in the new year after posting the largest annual loss since 2020 as traders continue to weigh oversupply concerns […]
Friday, January 2nd saw the front-month NYMEX Natural Gas contract open at $3.634, $0.052 below Wednesday’s closing price of $3.686. Following a material pullback during Wednesday’s session, prices fell to […]
Recap: The oil market posted an outside trading but continued to trade within last Friday’s trading range ahead of the New Year, as the market weighed the expectations of oversupply […]
Recap: The crude market continued to trade within Friday’s trading range and remained mostly supported as hopes for a Russia-Ukraine peace agreement fade and geopolitical tensions increase in the Middle […]