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Oil prices climbed for the third straight day on Tuesday

October 17, 2018
Recap: Oil prices climbed for the third straight day on Tuesday, gathering strength from geopolitical tensions between the U.S. and Saudi Arabia over the disappearance of a U.S journalist. Oil prices received a boost as well from a stronger equities market. Gains were limited by ... Read More
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Falling equities and the long term outlook for demand kept a lid on prices

October 16, 2018
Recap: Oil prices bounced early in the session on Monday, as tensions between the U.S. and Saudi Arabia, appeared to heighten, giving rise to concern about supplies. However, falling equities and the long term outlook for demand kept a lid on prices.  The situation between the U. ... Read More
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November NYMEX Natural Gas Futures Contracts Closed at $3.161 on Friday, October 12th

October 15, 2018
Friday, October 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.232, a penny above Thursday’s closing price of $3.222.  Extending to the intraday high of $3.237 as markets opened, sellers soon entered the market and drove the contract to the intraday low o ... Read More

OPEC and the IEA both lowered their demand forecasts

October 15, 2018
Recap: Oil prices staged a comeback on Friday, but suffered their first weekly loss in five weeks. OPEC’s monthly report, which indicated a growth in the group’s production, and the bearish EIA report released on Thursday, combined with OPEC and the IEA both lowering their demand ... Read More
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EIA reported a 6 million barrel rise in U.S. crude oil inventories

October 12, 2018
Recap: Oil prices fell sharply on Thursday after the EIA reported a 6 million barrel rise in U.S. crude oil inventories. This was the third week in a row U.S. crude oil inventories increased. The rise in inventories coincides with a drop in U.S. Midwest refinery utilization, whic ... Read More
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November NYMEX Natural Gas Futures Contracts Closed at $3.222 on Thursday, October 11th

October 12, 2018
Thursday, October 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.205, eight cents below Wednesday’s closing price of $3.284.  Arcing lower soon after markets opened, prices stabilized near $3.190 by 9:30AM in anticipation of the weekly storage publication ... Read More

API reported a 9.7 million barrel build in U.S. crude oil inventories

October 11, 2018
Recap: Oil prices fell to an almost two-week low on Wednesday, along with the equities market, which hit a three month low. The sell-off came despite concern over supply shortages due to the U.S. sanctions against Iran and as Hurricane Michael forced a partial closure of some U.S ... Read More
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November NYMEX Natural Gas Futures Contracts Closed at $3.284 on Wednesday, October 10th

October 11, 2018
Wednesday, October 10th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.317, five cents above Tuesday’s closing price of $3.266.  Sinking below $3.300 soon after markets opened, prices then surged to the intraday high of $3.345 at 9:40AM.  With Hurricane Michae ... Read More

November NYMEX Natural Gas Futures Contracts Closed at $3.266 on Tuesday, October 9th

October 10, 2018
Tuesday, October 9th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.302, nearly four cents above Monday’s closing price of $3.267.  Experiencing volatility throughout the morning, prices slipped below $3.270 at 10:00AM only to jump to a fresh intraday high of ... Read More

Oil prices bounced on Tuesday after industry sources reported a decline in Iranian oil exports

October 10, 2018
Recap: Oil prices bounced on Tuesday after industry sources reported a decline in Iranian oil exports ahead of the November imposition of new U.S. sanctions against Iran. November WTI bounced off of $74.00, posting an intraday high of $75.14, while Brent pulled away from its low ... Read More
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