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May NYMEX Natural Gas Futures Contract Closed at $2.658 on Thursday, April 15th

April 16, 2021
Thursday, April 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.590, three cents below Wednesday’s closing price of $2.618.  Tallying an intraday low of $2.586 within minutes of the opening bell, prices rose to trade near $2.620 by 10:00AM.  Climbing higher ... Read More

Oil futures climbed for the fourth straight session on Thursday

April 16, 2021
Recap: Oil futures climbed for the fourth straight session on Thursday, settling at their highest level in a month, as optimism over demand, amid falling U.S. crude oil inventories remains the key focus among traders. Once again, weakness in the U.S. dollar also lent support. Tra ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.618 on Wednesday, April 14th

April 15, 2021
Wednesday, April 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.651, three cents above Tuesday’s closing price of $2.619.  Ascending to an intraday high of $2.666 soon after the opening bell, prices then trended lower as forecasts for cooler temperatures h ... Read More

Oil futures climbed by almost 5% on Wednesday

April 15, 2021
Recap: Oil futures climbed by almost 5% on Wednesday, as the International Energy Agency raised its forecast for global oil demand and as U.S. government data revealed a third-weekly drop in U.S. crude oil inventories. Oil prices also got a boost from the latest demand updates, w ... Read More
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OPEC raised its forecast for oil consumption by 190,000 bpd for 2021

April 14, 2021
Recap: On Tuesday, the oil market posted an inside trading day as it failed to breach Monday’s trading range.  While the market traded sideways, it did trade higher for much of the day.  The market was supported by OPEC’s monthly report, which showed that OPEC increased its expec ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.561 on Monday, April 12th

April 13, 2021
Monday, April 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.583, six cents above Friday’s closing price of $2.526.  Ascending to an intraday high of $2.599 within minutes of 9:00AM, the contract found an intraday low of $2.531 an hour later.  Trading alon ... Read More

The oil market was supported by optimism over the pace of coronavirus vaccinations in the U.S.

April 13, 2021
Recap: The oil market on Monday posted an outside trading as the market was well supported by optimism over the pace of coronavirus vaccinations in the U.S. and news that the Yemen's Iran-aligned Houthi movement said it had fired 17 drones and two ballistic missiles at Saudi targ ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.526 on Friday, April 9th

April 12, 2021
Friday, April 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.534, a penny above Thursday’s closing price of $2.522.  Ascending to an intraday high of $2.552 within minutes of the opening bell, the contract traded along either side of $2.540 through midday a ... Read More

OPEC and its allies decided to increase supplies by 2 million barrels per day

April 12, 2021
Recap: Oil futures edged lower on Friday, on concerns about increasing supply, and slowing demand, as the number of coronavirus cases rise across Europe, Brazil and India. Additional downside pressure came after OPEC and its allies decided to increase supplies by 2 million barrel ... Read More
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WTI traded to the downside and Brent held on to small gains

April 9, 2021
Recap: Oil prices were little changed, as they traded on a mixed note, with WTI trading to the downside, while Brent held on to small gains. The mixed emotions came as traders weighed the prospects for energy demand on the heels of the rise in global cases of COVID-19. Some analy ... Read More
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