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May NYMEX Natural Gas Futures Contracts Closed at $2.740 on Monday, April 23rd

April 24, 2018
Monday, April 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.719, two cents below Friday’s closing price of $2.739.  Dipping to the intraday low of $2.715 within minutes of opening, prices ascended over the following thirty minutes to the intraday high of ... Read More

The oil market was pressured after Iran said there would be no need to extend its production cut agreement

April 24, 2018
Recap:  The oil market posted an outside trading day as the market was pressured after Iran said there would be no need to extend its production cut agreement and supported by fears that US sanctions could dampen Iran’s output.  The market fell to a low of $67.14 early in the ses ... Read More
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May NYMEX Natural Gas Futures Contracts Closed at $2.739 on Friday, April 20th

April 23, 2018
Friday, April 20th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.676, nearly two cents above Thursday’s closing price of $2.661.  Rising confidently as trading opened, prices rose to $2.718 shortly after 10:00AM and marked the intraday high of $2.746 by 12:20 ... Read More

Oil prices slipped from 3-year highs

April 23, 2018
Recap: Oil prices slipped from 3-year highs after U.S. President Donald Trump expressed his concern over what he termed “artificially” high oil prices. In a quick response, OPEC members said that prices were responding to strong Asian demand, amidst output cuts by OPEC members an ... Read More
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May NYMEX Natural Gas Futures Contracts Closed at $2.660 on Thursday, April 19th

April 20, 2018
Thursday, April 19th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.716, two cents below Wednesday’s closing price of $2.739.  Plunging below $2.690 soon after markets opened, prices fell as low as $2.676 by 10:00AM.  Gaining a penny ahead of the weekly invent ... Read More

Oil prices relinquished gains despite the bullish sentiment

April 20, 2018
Recap: After posting fresh 3 and half year highs, oil prices relinquished gains despite the bullish sentiment. May WTI climbed to a high of $69.55 a barrel, its highest level since December 2014. While speculators continue to wage their bets on higher prices, the sharp move to th ... Read More
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May NYMEX Natural Gas Futures Contracts Closed at $2.739 on Wednesday, April 18th

April 19, 2018
Wednesday, April 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.750, a penny above Tuesday’s closing price of $2.738.  Climbing confidently through the day’s opening hour to reach a five-week intraday high of $2.790 by 9:40AM, the inventory-backed surge s ... Read More

Oil prices gradually moved higher in overnight trading

April 19, 2018
Recap: Oil prices began the session trading slightly above unchanged, gradually moving higher in overnight trading. Across the board declines in U.S. petroleum stocks halted an early morning retreat, propelling oil prices to their highest level since December of 2014. May WTI jum ... Read More
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May NYMEX Natural Gas Futures Contracts Closed at $2.738 on Tuesday, April 17th

April 18, 2018
Tuesday, April 17th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.747, slightly below Monday’s closing price of $2.752.  Prices sank to the intraday low of $2.734 as markets opened and rose to the intraday high of $2.761 forty minutes later.  Stepping gradual ... Read More

This weeks inventory report is expected to show a draw of 1.4 million barrels in US crude oil stocks

April 18, 2018
Recap: The absence of new fundamentals in the world of oil fostered additional retreats from last week’s move to a three year high. After opening slightly above unchanged, May WTI reversed to the downside, and slipped below $66.00 a barrel for the first time in almost a week. Aft ... Read More
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