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October NYMEX Natural Gas Futures Contract Closed at $2.538 in Thursday, September 19th

September 20, 2019
Thursday, September 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.621, nearly two cents below Wednesday’s closing price of $2.637. Descending from the intraday high of $2.627 soon after markets opened, prices found support near $2.590 by 9:30AM and traded ... Read More

Oil market closed slightly higher as Saudi Arabia continues to restore oil operations

September 20, 2019
Recap:  On Thursday, the oil market rallied higher but ended the session relatively unchanged as the market attempts to gauge when Saudi Arabia’s oil operations will return to normal following the weekend attacks on the country’s oil infrastructure.  The market was well supported ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.637 on Wednesday, September 18th

September 19, 2019
Wednesday, September 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.691, roughly two cents above Tuesday’s closing price of $2.668. Peaking at the intraday high of $2.691 as the opening bell rang, mar-kets were quick to slip downward. Stepping lower to $2. ... Read More

Saudi Arabia has already restored 50% of lost production since the drone attack on Saturday

September 19, 2019
Recap: Oil prices pulled back for the second straight session on Wednesday as traders reacted to reports that Saudi Arabia had already restored 50% of lost production since the drone attack on Saturday, and that full production was expected to be restored by the end of September. ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.668 on Tuesday, September 17th

September 18, 2019
Tuesday, September 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.649, three cents below Monday’s closing price of $2.681.  Falling to an intraday low of $2.628 by 9:10AM, the contract spent the morning hours gradually climbing to an intraday high of $2.70 ... Read More

Oil prices fell as much as 7% on Tuesday

September 18, 2019
Recap: Oil prices fell as much as 7% on Tuesday, following a report that output at Saudi Arabia’s major crude facility, which was hit by a drone attack over the weekend, could resume within weeks, much quicker than originally expected. WTI for October delivery slipped to a low of ... Read More
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A weekend drone attack damaged 2 of Saudi Arabia’s state owned oil facilities

September 17, 2019
Recap: Oil prices spiked on Monday after a weekend drone attack damaged 2 of Saudi Arabia’s state owned oil facilities which account for nearly 10 million barrels of the country’s crude oil production. October WTI gained as much as $8.53, or 15.5%, to trade at a session high of $ ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.681 on Monday, September 16th

September 17, 2019
Monday, September 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.681, seven cents above Friday’s closing price of $2.614.  Driven higher over the weekend in response to the reported drone attacks on Saudi Arabian oil infrastructure, prices fell to $2.655 b ... Read More

October NYMEX Natural Gas Futures Contract Closed at $2.614 on Friday, September 13th

September 16, 2019
Friday, September 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.573, nearly even to Thursday’s closing price of $2.574.  Ascending to $2.594 at 9:30AM only to fall to an intraday low of $2.553 at 10:10AM, prices stabilized along $2.570 through midday and ... Read More

WTI and Brent posted sizable weekly falls

September 16, 2019
Recap: Oil futures finished lower on Friday, with both WTI and Brent posting sizable weekly falls as worries about a slowing global economy amidst the prospect of rising inventories overshadowed hints of progress in the U.S. - China trade dispute. October WTI fell 24 cents, or 0. ... Read More
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