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October NYMEX Natural Gas Futures Contract Closed at $2.656 on Tuesday, September 26th

September 27, 2023
Tuesday, September 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.572, seven cents below Monday’s closing price of $2.639. Slipping to the intraday low of $2.558 within minutes of the opening bell, weak forecasted demand and light LNG exports sank prices o ... Read More

The Oil Market Rallied Higher After Posting a Two-Week Low Earlier on Tuesday as the Market Positioned Itself Ahead of the Release of the Weekly Petroleum Stocks Reports

September 27, 2023
Recap:   The oil market rallied higher after posting a two-week low earlier on Tuesday as the market positioned itself ahead of the release of the weekly petroleum stocks reports. In overnight trading, the crude market breached its previous low and the lower boundary of its upwar ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.639 on Monday, September 25th

September 26, 2023
Monday, September 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.623, slightly below Friday’s closing price of $2.637. Gradually climbing to reach the intraday high of $2.671 at 10:00AM, the contract proceeded to fluctuate along the $2.650 level through mi ... Read More

The Oil Market Traded Lower on Monday as Russia Revised its Fuel Ban

September 26, 2023
Recap: The oil market traded lower on Monday as Russia revised its fuel ban. The market traded mostly sideways in overnight trading and posted a high of $90.83 as the market remained concerned about higher interest rates that could impact demand. However, the crude market erased ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.637 on Friday, September 22nd

September 25, 2023
Friday, September 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.678, nearly seven cents above Thursday’s closing price of $2.610. Recording the intraday high of $2.681 within minutes of the open, the contract arced lower to stabilize near $2.630 by 10:00A ... Read More

The Oil Market Erased its Gains on Expectations that the Ban on Product Exports Will Not Be For Long

September 25, 2023
Recap: While the oil market traded higher early on Friday on renewed supply concerns from Russia’s fuel export ban, it erased its gains on expectations that the ban on product exports will not be for long. The crude market retraced some of Thursday’s losses and breached its previ ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.610 on Thursday, September 21st

September 22, 2023
Thursday, September 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.700, three cents below Wednesday’s closing price of $2.733. Rising steadily to reach $2.730 by 9:30AM, the contract was trading near $2.740 as the weekly storage publication drew near. Post ... Read More

The Oil Market on Thursday Sold Off in Overnight Trading but Bounced Higher on News of a Russian Ban on Fuel Exports

September 22, 2023
Recap:  The oil market on Thursday sold off in overnight trading but bounced higher on news of a Russian ban on fuel exports. The November WTI contract on its first day as the spot contract continued to find some further selling pressure following the news that while the Federal ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.733 on Wednesday, September 20th

September 21, 2023
Wednesday, September 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.753, nearly ten cents below Tuesday’s closing price of $2.848. Following a drop to the intraday low of $2.703 by 9:25AM, the contract slowly recovered lost ground to manage an intraday hig ... Read More

The Oil Market Retraced Some of its Recent Gains on Wednesday Ahead of the October Contract's Expiration

September 21, 2023
Recap:  The oil market retraced some of its recent gains on Wednesday ahead of the October contract’s expiration at the close. The market opened 35 cents higher at $91.55 and continued to find some selling pressure in overnight trading following Tuesday’s sell off from its highs. ... Read More
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