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Baker Hughes reported that US energy firms added oil rigs for the first time in four weeks

January 20, 2020
Recap: Oil futures ended with a modest gain on Friday, but registered a loss for a second week in a row as traders continued to weigh the prospects for energy demand in the wake of the China-U.S. trade deal and Senate approval of the U.S.-Mexico-Canada trade pact this week. The r ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.003 on Friday, January 17th

January 20, 2020
Friday, January 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.037, four cents below Thursday’s closing price of $2.077.  Tumbling lower overnight as weather forecasts are now showing that most of the arctic conditions that were headed for the Northeast ar ... Read More

February NYMEX Natural Gas Futures Contract Closed at $2.077 on Thursday, January 16th

January 17, 2020
Thursday, January 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.126, just above Wednesday’s closing price of $2.120.  Adding a penny to reach $2.135 ahead of the 10:30AM EIA storage report, prices then jumped to an intraday high of $2.170 as the bullish r ... Read More

Prices gathered strength after the U.S. and China signed the first phase of their trade deal

January 17, 2020
Recap: Oil prices bounced back on Thursday, after settling at their lowest level since December. Prices gathered strength after the U.S. and China signed the first phase of their trade deal and after the U.S. Senate approved the U.S.-Mexico-Canada Agreement. In essence, oil price ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.120 on Wednesday, January 15th

January 16, 2020
Wednesday, January 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.118, seven cents below Tuesday’s closing price of $2.187.  Falling to an intraday low of $2.104 shortly after the opening bell, conflicting weather reports sank the contract yesterday mornin ... Read More

The EIA reported hefty builds in U.S. gasoline and distillate inventories

January 16, 2020
Recap: Oil prices fell to their lowest level in 6 weeks after the EIA reported hefty builds in U.S. gasoline and distillate inventories, though crude oil inventories unexpectedly decreased. February WTI lost 42 cents, or 0.7%, to settle at $57.81 a barrel. The settlement was the ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.187 on Tuesday, January 14th

January 15, 2020
Tuesday, January 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.232, five cents above Monday’s closing price of $2.182.  Continuing the pre-session rally to record an intraday high of $2.255 at 9:20AM, prices then moved lower to trade along $2.240 well int ... Read More

Oil prices climbed on Tuesday after five days of declines

January 15, 2020
Recap: Oil prices climbed on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased. Additionally, oil also found technical support after WTI fell to a more than five-week low of $57.72 before ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.182 on Monday, January 13th

January 14, 2020
Monday, January 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.202, even to Friday’s closing price of $2.202.  Extending to an intraday high of $2.206 as markets opened, prices soon trended lower and stabilized near $2.175.  Fluctuating along this level fo ... Read More

Oil futures fell for a fifth session in a row on Monday

January 14, 2020
Recap: Oil futures fell for a fifth session in a row on Monday, with the U.S. benchmark logging its lowest finish in almost six weeks as the immediate risk of a bigger U.S.-Iran conflict continued to fade, easing worries about potential global supply disruptions. Traders turned t ... Read More
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