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August NYMEX Natural Gas Futures Contract Closed at $1.671 on Wednesday, July 1st

July 2, 2020
Wednesday, July 1st saw the front-month NYMEX Natural Gas Futures Contract open at $1.677, seven cents below Tuesday’s closing price of $1.751.  Surging to an intraday high of $1.722 at 9:25AM, prices fell to an intraday low of $1.664 less than an hour later.  Trading along eithe ... Read More

The oil market kicked off the start of the month and quarter by posting an up day across the board

July 2, 2020
Recap: The oil market kicked off the start of the month and quarter by posting an up day across the board. But what was surprising was this market established the trading range for the day in the early morning hours of trading, well before the release of the EIA weekly petroleum ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.751 on Tuesday, June 30th

July 1, 2020
Tuesday, June 30th saw the front-month NYMEX Natural Gas Futures Contract open at $1.762, five cents above Monday’s closing price of $1.709.  Prices rose to an intraday high of $1.784 by 9:10AM, only to step lower throughout the morning and into the early afternoon.  Falling to a ... Read More

The oil market finished the final trading day of the second quarter mixed

July 1, 2020
Recap: The oil market finished the final trading day of the second quarter mixed. Crude oil which had moved higher throughout the morning on the coat tails of a stronger equity market, decoupled in the afternoon and finished the day down 43 cents in WTI futures, with the Brent co ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.709 on Monday, June 29th

June 30, 2020
Monday, June 29th saw the front-month NYMEX Natural Gas Futures Contract open at $1.638, seven cents above Friday’s closing price of $1.544.  Marking an intraday low of $1.637 minutes after 9:00AM, pre-session momentum persisted well into the morning as prices surged more than 7% ... Read More

Oil prices were supported by upbeat economic data out of China and Europe

June 30, 2020
Recap: Oil prices rose on Monday, supported by upbeat economic data out of China and Europe and signs of further slowdowns in oil production. U.S. stock indexes, which broadly rose on Monday, also added support for oil prices, which at times, track equity markets. Fears of a seco ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.544 on Friday, June 26th

June 29, 2020
Friday, June 26th saw the August NYMEX Natural Gas Futures Contract open at $1.625, eight cents above Thursday’s closing price of $1.546.  Reaching an intraday high of $1.628 soon after the opening bell rang, the contract soon trended lower, falling to an intraday low of $1.517 a ... Read More

The increasing number of coronavirus cases looked to hinder an economic recovery and hamper energy demand

June 29, 2020
Recap: Oil futures dipped on Friday, erasing earlier gains, as the increasing number of coronavirus cases looked to hinder an economic recovery and hamper energy demand. Earlier gains, supported by optimism over rising road traffic boosting fuel demand, were erased in early U.S. ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $1.482 on Thursday, June 25th

June 26, 2020
Thursday, June 25th saw the front-month NYMEX Natural Gas Futures Contract open at $1.558, four cents below Wednesday’s closing price of $1.597.  Tallying an intraday high of $1.562, prices then trended lower to reach the $1.530 level ahead of 10:30AM.  Breaking through multiple ... Read More

Oil futures climbed by almost 2% on Thursday

June 26, 2020
Recap: Oil futures climbed by almost 2% on Thursday, following two days of declines. Slight economic improvements in the U.S; cuts Russian oil exports and word from the White House Economic Advisor that the U.S. would not shut the economy down gave the market a boost, but the spr ... Read More
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