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July NYMEX Natural Gas Futures Contracts Closed at $2.964 on Wednesday, June 20th

June 21, 2018
Wednesday, June 20th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.936, nearly four cents above Tuesday’s closing price of $2.900.  Turning upward with a renewed possibility of above-average temperatures late next week, prices rose steadily as markets opened ... Read More

There was a surprise 5.9 million barrel build in US crude oil inventories

June 21, 2018
Recap: It was another wild ride for crude oil prices, as they reacted to an array of factors, among which were the surprise 5.9 million barrel build in U.S. crude oil inventories and a jump in refinery runs, which reached 17.7 million barrel per day, just shy of the all-time reco ... Read More
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July NYMEX Natural Gas Futures Contracts Closed at $2.900 on Tuesday, June 19th

June 20, 2018
Tuesday, June 19th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.913, four cents below Monday’s closing price of $2.951.  Giving up additional losses as bearish weather is now slated for the end of June, prices rose to the intraday high of $2.917 by 9:20AM be ... Read More

Oil prices settled down as OPEC and non-OPEC members discuss increasing output

June 20, 2018
Recap:  Oil prices opened the session trading at unchanged to slightly higher; however, the inability to break above Monday’s high sparked light technical selling, which became exacerbated by trade tensions between China and the U.S. and the possibility that OPEC and non-OPEC mem ... Read More
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July NYMEX Natural Gas Futures Contracts Closed at $2.951 on Monday, June 18th

June 19, 2018
Monday, June 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.997, two cents below Friday’s closing price of $3.022.  Fighting downward pressure to reach the intraday high of $3.003 by 9:50AM, profit taking soon took hold as the contract cascaded lower into ... Read More

Oil prices dropped as traders weigh in on tariffs on U.S. products by China

June 19, 2018
Recap:  Trading was volatile on Monday, with oil prices slipping early in the session. July WTI fell as much as 2.3%, to a session low of $63.59 a barrel, while August Brent tumbled 1.3%, to $72.44 a barrel. The drop in prices came as traders weighed in on the imposition of tarif ... Read More
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July NYMEX Natural Gas Futures Contracts Closed at $3.022 on Friday, June 15th

June 18, 2018
Friday, June 15th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.000, nearly four cents above Thursday’s closing price of $2.965.  Pushed higher overnight due to short-term above average temperatures that are expected to cover much of the country, the contract ... Read More

Oil prices fell for fourth straight week

June 18, 2018
Recap:  Oil prices slipped for the fourth straight week, after reaching 3-1/2 year highs in May. Both Brent and WTI opened the session trading above unchanged, but the lack of follow through to the upside put prices into a downward spiral. The down move accelerated in August Bren ... Read More
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July NYMEX Natural Gas Futures Contracts Closed at $2.965 on Thursday, June 14th

June 15, 2018
Thursday, June 14th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.957, slightly below Wednesday’s closing price of $2.963.  Trending upward as trading opened, prices rose gradually to $2.965 through 10:00AM and momentarily spiked to the intraday high of $2.97 ... Read More

US production reached a weekly record of 10.9 million barrels per day

June 15, 2018
Recap: Oil prices were mixed on Thursday, with Brent being weighed down by the prospect key OPEC members and nonmembers would agree to boost output at the upcoming June 22 meeting, and WTI holding onto gains due to Wednesday’s bullish EIA numbers. After an overnight stint of side ... Read More
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