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September NYMEX Natural Gas Futures Contract Closed at $2.170 on Wednesday, August 21st

August 22, 2019
Wednesday, August 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.215, nearly even with Tuesday’s closing price of $2.218.  Recording an intraday high of $2.216 as markets opened prices then trended lower into the morning until reaching $2.165 at 11:30AM.  ... Read More

The U.S. government reported a weekly decrease in domestic crude supplies

August 22, 2019
Recap: Trading was mixed on Wednesday, with WTI trading higher in early trading before the U.S. government reported a weekly decrease in domestic crude supplies, the first in three weeks, but the decline was smaller than the market expected, and as a result WTI slipped. Brent ope ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.218 on Tuesday, August 20th

August 21, 2019
Tuesday, August 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.210, even with Monday’s closing price.  Extending to an intraday high of $2.231 out of the gate, prices then fell in the subsequent thirty minutes to reach an intraday low of $2.192.  Returning ... Read More

Trade tensions between the U.S. and China raised fears of a slowing global economy

August 21, 2019
Recap: Oil futures retreated in early trading on Tuesday, as prices followed lower equity markets. Demand concerns became the focal point of Tuesday’s session, as trade tensions between the U.S. and China raised fears of a slowing global economy. Losses were capped by hopes that ... Read More
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Oil futures rose on Monday following the weekend attack on a Saudi oil facility by Yemen’s Houthi forces

August 20, 2019
Recap: Oil futures rose on Monday following the weekend attack on a Saudi oil facility by Yemen’s Houthi forces and a rally in equities from growing expectations that global economies would take action to counteract slowing global growth. In what was a volatile trading session, a ... Read More
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OPEC lowered its outlook for demand growth due to a slowing global economy

August 19, 2019
Recap: Oil prices rose on Friday, but gains were pared after OPEC lowered its outlook for demand growth due to a slowing global economy. In early morning trading, September WTI gained as much as $1.20, or 2.2% to trade at a session high of $55.67 a barrel, but by 9:10 a.m. EST, t ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.200 on Friday, August 16th

August 19, 2019
Friday, August 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.189, roughly four cents below Thursday’s closing price. Jumping to an intraday high of $2.209 by 9:10AM. Prices then gradually fell to their intraday low of $2.170 at 11:00AM. Recovering from he ... Read More

Oil prices fell as much as 2.4% on Thursday

August 16, 2019
Recap: Oil prices fell as much as 2.4% on Thursday, pressured by growing concerns that a recession is on the horizon amidst U.S-China trade tensions. This follows Wednesday’s 3% drop due to the unexpected build in U.S. crude oil inventories. Uncertainty continues to drive this ma ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.232 on Thursday, August 15th

August 16, 2019
Thursday, August 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.172, nearly three cents higher than Wednesday’s closing price. Soon after open, prices fell to their intraday low of $2.151 at 9:30AM. Upon the release of the storage publication at 10:30AM, p ... Read More

Oil prices slipped on Wednesday due to an unexpected build in U.S. crude inventories

August 15, 2019
Recap: Oil prices slipped as much as 5% on Wednesday after global demand fears were revived by weak economic data from China and Europe and an unexpected build in U.S. crude inventories. September WTI fell as much as $3.13, or 5.4% to trade at $53.97 a barrel, by 1:18 p.m. EST, w ... Read More
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