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The oil market reached the $80 level for the first time since November 2014

October 11, 2021
Recap: On Friday, the oil market continued to trend higher and reached the $80 level for the first time since November 2014, lifted by a global energy crunch that has helped gas prices reach record highs and prompted China to demand increased coal production.  Benchmark European ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $5.677 on Thursday, October 7th

October 8, 2021
Thursday, October 7th saw the front-month NYMEX Natural Gas Futures Contract open at $5.615, six cents below Wednesday’s closing price of $5.675. Tallying an intraday high of $5.741 soon after the opening bell, prices withdrew to trade near $5.565 heading into the 10:30AM storage ... Read More

Oil markets have been on a steady rise due to tight supplies worldwide

October 8, 2021
Recap:  After falling by 3% in early morning trading, oil futures resumed their move to the upside Thursday, on reports that the U.S. may not release crude oil reserves in an effort to stem rising gasoline prices, putting the focus back on tight global supplies. The United States ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $5.675 on Wednesday, October 6th

October 7, 2021
Wednesday, October 6th saw the front-month NYMEX Natural Gas Futures Contract open at $6.054, twenty-six cents below Tuesday’s closing price of $6.312. Marking an intraday of $6.057 soon after the opening, following a pre-market rally to the $6.400 level, prices maintained a stea ... Read More

The EIA reported U.S. crude oil inventories increased 2.3 million barrels

October 7, 2021
Recap: Crude oil futures shook off early gains on Wednesday, after Russia announced it would increase supplies of natural gas to Europe and after the EIA reported U.S. crude oil inventories increased 2.3 million barrels during the week ending October 1, 2021. Analysts were expect ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $6.312 on Tuesday, October 5th

October 6, 2021
Tuesday, October 5th saw the front-month NYMEX Natural Gas Futures Contract open at $6.046, twenty-eight cents above Monday’s closing price of $5.766. Marking the intraday low of $6.000 minutes after the opening bell, prices moved confidently higher throughout the day. Despite mi ... Read More

Oil futures rose to fresh seven year highs

October 6, 2021
Recap: Oil futures rose to fresh seven year highs on Tuesday after closing in overbought territory on Monday. Oil prices were still gaining on the news that OPEC and its allies declined to take up a plan that would send more oil into global markets. The oil cartel will instead ke ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $5.766 on Monday, October 4th

October 5, 2021
Monday, October 4th saw the front-month NYMEX Natural Gas Futures Contract open at $5.877, sixteen cents above Friday’s closing price of $5.619. Ascending to an intraday high of $6.064 ahead of 10:00AM, LNG export demand continued to prop up the contract throughout the day despit ... Read More

WTI settled at its highest level since 2014

October 5, 2021
Recap: Oil futures rallied on Monday, with WTI settling at its highest level since 2014, after OPEC and its allies maintained its current agreement to gradually raise crude oil production each month. The agreement to “gradually” raise production comes at a time when demand appear ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $5.619 on Friday, October 1st

October 4, 2021
Friday, October 1st saw the front-month NYMEX Natural Gas Futures Contract open at $5.680, nineteen cents below Thursday’s closing price of $5.867. Trading along either side of $5.680 through 10:00AM, prices then jumped to an intraday high of $5.759 at 10:20AM. Trending lower to ... Read More
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