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EIA's report showed an unexpected build of 6.8 million barrels

August 16, 2018
Recap: The oil market opened 42 cents lower following Tuesday afternoon’s release of the API report, which showed an unexpected build in crude stocks of 3.7 million barrels.  The market posted a high of $66.90 before it breached its previous low and continued to trend lower, find ... Read More
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Prices fell as the dollar strengthened and as the financial crisis in Turkey heightened economic concerns

August 15, 2018
Recap: Oil prices tried to claw their way back from yesterday’s down day, but was held down by a strengthening dollar. Gains in equity markets spilled over into crude oil, pushing September WTI above $68.00 a barrel, and October Brent to just below $74.00 a barrel. Prices fell as ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.959 on Tuesday, August 14th

August 15, 2018
Tuesday, August 14th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.952, two cents above Monday’s closing price of $2.930.  Battling to reclaim Monday’s losses, prices rose to $2.965 by 9:30AM and trended gradually higher into the morning.  Rising to $2.974 at ... Read More

Oil prices fell sharply in early trading on Monday

August 14, 2018
Recap: Oil prices fell sharply in early trading on Monday after an industry source hinted that U.S. crude oil inventories held at Cushing, OK fell during the week ending 8/3/2018 and as concern grew over Turkey’s financial crisis and its impact on emerging markets. Prices fell as ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.930 on Monday, August 13th

August 14, 2018
Monday, August 13th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.920, two cents below Friday’s closing price of $2.944.  Seeking direction throughout the morning hours, the contract tallied the intraday low of $2.919 early on and rose to the intraday high of ... Read More

September NYMEX Natural Gas Futures Contracts Closed at $2.944 on Friday, August 10th

August 13, 2018
Friday, August 10th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.924, three cents below Thursday’s closing price of $2.955.  Reclaiming lost territory in pre-market trading, prices buoyed upward above $2.940 ahead of 10:30AM.  Holding steady on expectations ... Read More

There are concerns that trade wars between China and the U.S. will diminish demand

August 13, 2018
Recap: Oil prices finished higher on Friday. However, they posted their second weekly loss as forecasts for higher global demand and U.S. sanctions against Iran shortcut the effects of supply increases from Russia and concern that trade wars between China and the U.S. will dimini ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.955 on Thursday, August 9th

August 10, 2018
Thursday, August 9th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.946, just below Wednesday’s closing price of $2.949.  Awaiting news from the weekly inventory report, prices traded calmly along $2.945 through 10:30AM.  Jumping to the intraday high of $2.959 ... Read More

Trade tensions between China and the U.S. caused oil prices to slip for the second straight session

August 10, 2018
Recap: After a sharp move lower on Wednesday, oil prices slipped for the second straight session Thursday on escalating trade tensions between China and the U.S. After a feeble attempt on the upside, oil prices fell back below unchanged, but were unable to surpass the lows of yes ... Read More
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Oil prices slipped to their lowest level in four weeks

August 9, 2018
Recap: Oil prices slipped to their lowest level in four weeks on Wednesday as total U.S. stockpiles of oil and fuel reached a seven-month high and trade wars between China and the U.S. heat up, giving rise to concern about demand. The build of 3.3 million barrels in total stocks ... Read More
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