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Oil Prices Stall as Economic Worries Offset Supply Concerns and Refinery Shutdowns

By Emerson Doiron | July 16, 2024 | Comments Off on Oil Prices Stall as Economic Worries Offset Supply Concerns and Refinery Shutdowns

Recap:  The oil market traded mostly sideways as the market weighed concern over demand in China against supportive U.S. economic data reported last week and the continuing geopolitical tensions in […]

August NYMEX Natural Gas Futures Contract Closed at $2.158 on Monday, July 15th

By Emerson Doiron | July 16, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.158 on Monday, July 15th

Monday, July 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.223, eleven cents below Friday’s closing price of $2.329. Knocked down following Friday’s rally, rising production rates […]

Oil Market Recap: Prices Settle Lower After Mixed Economic Data

By Emerson Doiron | July 15, 2024 | Comments Off on Oil Market Recap: Prices Settle Lower After Mixed Economic Data

Recap:  The oil market ended lower on Friday as the market weighed the easing of inflation against weaker consumer sentiment. Early in the session, the market continued to trend higher […]

August NYMEX Natural Gas Futures Contract Closed at $2.329 on Friday, July 12th

By Emily Beckett | July 15, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.329 on Friday, July 12th

Friday, July 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.281, a penny above Thursday’s closing price of $2.268. Recording the intraday low of $2.262 at 9:15AM, […]

The Market Continued to Trade Higher in Overnight Trading on the Supportive EIA Weekly Petroleum Stocks Report

By Emerson Doiron | July 12, 2024 | Comments Off on The Market Continued to Trade Higher in Overnight Trading on the Supportive EIA Weekly Petroleum Stocks Report

Recap:  The crude market on Thursday rallied higher and settled in positive territory for the second consecutive day on supportive economic news. The market continued to trade higher in overnight […]

August NYMEX Natural Gas Futures Contract Closed at $2.268 on Thursday, July 11th

By Emerson Doiron | July 12, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.268 on Thursday, July 11th

Thursday, July 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.290, four cents below Wednesday’s closing price of $2.329. Recording the intraday high of $2.303 at 9:50AM, […]

August NYMEX Natural Gas Futures Contract Closed at $2.329 on Wednesday, July 10th

By Emerson Doiron | July 11, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.329 on Wednesday, July 10th

Wednesday, July 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.336, a penny below Tuesday’s closing price of $2.344. Once again recording the intraday high within the […]

Easing Concerns Over Supply Disruption in the Wake of Hurricane Beryl, Which Caused Minimal Damage to Energy Infrastructure

By Emily Beckett | July 10, 2024 | Comments Off on Easing Concerns Over Supply Disruption in the Wake of Hurricane Beryl, Which Caused Minimal Damage to Energy Infrastructure

Recap:  The oil market continued to trend lower on Tuesday amid easing concerns over supply disruption in the wake of Hurricane Beryl, which caused minimal damage to energy infrastructure. While […]

August NYMEX Natural Gas Futures Contract Closed at $2.344 on Tuesday, July 9th

By Emily Beckett | July 10, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.344 on Tuesday, July 9th

Tuesday, July 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.429, six cents above Monday’s closing price of $2.366. Extending to an intraday high of $2.448 by […]

The Oil Market on Monday Sold Off as Concerns Over Supply Eased on Hopes of a Ceasefire Deal in Gaza

By Emily Beckett | July 9, 2024 | Comments Off on The Oil Market on Monday Sold Off as Concerns Over Supply Eased on Hopes of a Ceasefire Deal in Gaza

Recap:  The oil market on Monday sold off as concerns over supply eased on hopes of a ceasefire deal in Gaza. The market was pressured as talks over a U.S. […]