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September NYMEX Natural Gas Futures Contract Closed at $1.967 on Friday, August 2nd

By Emily Beckett | August 5, 2024 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $1.967 on Friday, August 2nd

Friday, August 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.983, two cents above Thursday’s closing price of $1.968. Making gains in the session’s opening hour to […]

Signs of Weak Economic Growth Outweighed Fears of Supply Disruption

By Emily Beckett | August 5, 2024 | Comments Off on Signs of Weak Economic Growth Outweighed Fears of Supply Disruption

Recap:  The oil market on Friday continued to give up its recent gains and posted a fourth consecutive weekly decline, with a fall of 4.72% in the latest week. Signs […]

September NYMEX Natural Gas Futures Contract Closed at $1.968 on Thursday, August 1st

By Emily Beckett | August 2, 2024 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $1.968 on Thursday, August 1st

Thursday, August 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.089, five cents above Wednesday’s closing price of $2.036. Trading within two cents of $2.095 through 10:30AM, […]

OPEC+’s Decision to Keep its Output Policy Unchanged

By Emily Beckett | August 2, 2024 | Comments Off on OPEC+’s Decision to Keep its Output Policy Unchanged

Recap:  The oil market gave up its early gains on Thursday as it weighed OPEC+’s decision to keep its output policy unchanged, as expected, against the threat of a wider […]

The Oil Market Snapped a Three Day Losing Streak and Rebounded From Almost Eight Week Lows

By Emily Beckett | August 1, 2024 | Comments Off on The Oil Market Snapped a Three Day Losing Streak and Rebounded From Almost Eight Week Lows

Recap:  The oil market snapped a three day losing streak and rebounded from almost eight week lows as it settled up 4.26% on Wednesday on increasing concerns of wider conflict […]

September NYMEX Natural Gas Futures Contract Closed at $2.036 on Wednesday, July 31st

By Emily Beckett | August 1, 2024 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.036 on Wednesday, July 31st

Wednesday, July 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.096, three cents below Tuesday’s closing price of $2.126. Recording the intraday high of $2.099 mere minutes […]

Reuters Survey Showed that China’s Manufacturing Activity Likely Fell for a Third Consecutive Month in July

By Emily Beckett | July 31, 2024 | Comments Off on Reuters Survey Showed that China’s Manufacturing Activity Likely Fell for a Third Consecutive Month in July

Recap:  The oil market continued to trend lower on Tuesday settling lower for the third consecutive session amid concerns over demand in China. Some disappointing economic news from China has […]

September NYMEX Natural Gas Futures Contract Closed at $2.126 on Tuesday, July 30th

By Emily Beckett | July 31, 2024 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.126 on Tuesday, July 30th

Tuesday, July 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.017, two cents below Monday’s closing price of $2.036. Slipping to an intraday low of $1.992 at […]

The Oil Market Sold Off Sharply After Deadly Strike in the Israeli-Occupied Golan Heights

By Emily Beckett | July 30, 2024 | Comments Off on The Oil Market Sold Off Sharply After Deadly Strike in the Israeli-Occupied Golan Heights

Recap:  The oil market on Monday sold off sharply after Israeli officials said they wanted to avoid the widening of conflict in the Middle East as it responded to a […]

September NYMEX Natural Gas Futures Contract Closed at $2.036 on Monday, July 29th

By Emily Beckett | July 30, 2024 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.036 on Monday, July 29th

Monday, July 27th, settlement day for the August contract, saw the front-month open at $2.038, three cents above Friday’s closing price of $2.006. Facing bearish pressure from steady production and […]