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August NYMEX Natural Gas Futures Contract Closed at $1.824 on Wednesday, July 8th

July 9, 2020
Wednesday, July 8th saw the front-month NYMEX Natural Gas Futures Contract open at $1.838, four cents below Tuesday’s closing price of $1.876.  Ascending to an intraday high of $1.859 three times throughout the day’s session, the last time at 1:40PM, the contract fell to an intra ... Read More

Oil futures finished at their highest level since March on Wednesday

July 9, 2020
Recap: Oil futures finished at their highest level since March on Wednesday, as U.S. gasoline consumption showed signs of a recovery, but gains were limited due to the rise in the number coronavirus cases and rising U.S. crude oil inventories. Both WTI and Brent posted their four ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.876 on Tuesday, July 7th

July 8, 2020
Tuesday, July 7th saw the front-month NYMEX Natural Gas Futures Contract open at $1.864, three cents above Monday’s closing price of $1.830.  Climbing from an intraday low of $1.863 minutes after the opening bell, prices rose to surpass $1.900 by 9:30AM and tallied a two-month in ... Read More

The EIA reported that it raised its 2020 world oil demand growth forecast by 190,000 bpd to 8.15 million bpd

July 8, 2020
Recap: Oil prices ended lower on Tuesday, as the uptick in the number of coronavirus cases and its impact on demand continues to weigh on trader’s minds. In early trading, the market popped due to a higher forecast for demand, and bullish jobs data, but prices gave up gains as fo ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.830 on Monday, July 6th

July 7, 2020
Monday, July 6th saw the front-month NYMEX Natural Gas Futures Contract open at $1.804, seven cents above Thursday’s closing price of $1.734.  Climbing to an intraday high of $1.836 by 9:50AM as last week’s forecast induced rally continued into the new week, support soon faded as ... Read More

Oil futures settled mixed on Monday

July 7, 2020
Recap: Oil futures settled mixed on Monday, with U.S. prices pressured by the increase in the number of Covid19 cases, while Brent held firm after Saudi Arabia raised its prices amid optimism that China’s economy is starting to recover. A blockade of oil-producing Libya remains i ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.734 on Thursday, July 2nd

July 6, 2020
Thursday, July 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.694, two cents above Wednesday’s closing price of $1.671.  Edging higher to reach toward the $1.700 level through the session’s opening ninety minutes, prices jumped as high as $1.734 as the bull ... Read More

Both WTI and Brent futures on Thursday marked their highest settlements since March 6

July 6, 2020
Recap: Oil futures settled higher on Thursday, supported by the robust decline in last week’s U.S. crude oil inventories and a fall in U.S. unemployment during the month of June, but the spike in the number of confirmed Covid-19 cases fanned concerns that economic activity will w ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.671 on Wednesday, July 1st

July 2, 2020
Wednesday, July 1st saw the front-month NYMEX Natural Gas Futures Contract open at $1.677, seven cents below Tuesday’s closing price of $1.751.  Surging to an intraday high of $1.722 at 9:25AM, prices fell to an intraday low of $1.664 less than an hour later.  Trading along eithe ... Read More

The oil market kicked off the start of the month and quarter by posting an up day across the board

July 2, 2020
Recap: The oil market kicked off the start of the month and quarter by posting an up day across the board. But what was surprising was this market established the trading range for the day in the early morning hours of trading, well before the release of the EIA weekly petroleum ... Read More
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