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October NYMEX Natural Gas Futures Contract Closed at $4.615 on Wednesday, September 1st

September 2, 2021
Wednesday, September 1st saw the front-month NYMEX Natural Gas Futures Contract open at $4.462, nine cents above Tuesday’s closing price of $4.377. Marking an intraday low of $4.442 by 9:10AM, prices soon broke-out to the upside as production concerns persist in the wake of Hurri ... Read More

The oil market traded higher in overnight trading ahead of the OPEC+ meeting

September 2, 2021
Recap: The oil market traded higher in overnight trading ahead of the OPEC+ meeting, posting a high of $69.24 before it erased some of its gains and started to trend lower.  The market, which was holding support at its previous lows, sold off sharply on the comments made by Russi ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $4.377 on Tuesday, August 31st

September 1, 2021
Tuesday, August 31st saw the front-month NYMEX Natural Gas Futures Contract open at $4.255, five cents below Monday’s closing price of $4.305. Marking the intraday low of $4.248 soon after the opening bell, prices began a staggered ascent before surging to the upside at 11:00AM.  ... Read More

The oil market posted an inside trading day on Tuesday

September 1, 2021
Recap: The oil market posted an inside trading day on Tuesday as the market erased some of its previous gains and found support over the $68.00 level.  The market traded lower amid the concerns that the power outages and flooding in Louisiana in the wake of Hurricane Ida will cut ... Read More
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Hurricane Ida weakened after forcing the shutdown of 1.74 million bpd of U.S. Gulf oil production

August 31, 2021
Recap: On Monday, the oil market erased its early rally to a four-week high, as Hurricane Ida weakened after forcing the shutdown of 1.74 million bpd of U.S. Gulf oil production ahead of the storm.  The market was also pressured as OPEC+ looked set to proceed with a planned oil o ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $4.305 on Monday, August 30th

August 31, 2021
Monday, August 30th saw the front-month NYMEX Natural Gas Futures Contract open at $4.323, sixteen cents below Friday’s closing price of $4.388. Trending downward through the day’s opening hour as Hurricane Ida had made landfall the day before, largely sparing natural gas infrast ... Read More

Oil market traded higher on Friday despite energy companies shutting in production

August 30, 2021
Recap:  The oil market on Friday continued to trend higher after it posted an inside trading day on Thursday.  The market remained well supported as energy companies shut in production in the Gulf of Mexico ahead of Hurricane Ida, which was forecast to be at least a Category 3 or ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $4.370 on Friday, August 27th

August 30, 2021
Friday, August 27th – settlement day for the September contract – saw the front-month NYMEX Natural Gas Futures Contract open at $4.374, nearly twenty cents above Thursday’s closing price of $4.184. The arrival of Hurricane Ida in the Gulf and possible threat to Natural Gas and O ... Read More

Oil market posted an inside trading day after three-day rally

August 27, 2021
Recap:  The oil market on Thursday posted an inside trading day as it erased some of Wednesday’s gains and remained in negative territory for much of the day.  Following a three-day rally, the market was pressured by renewed concerns over demand amid the rising COVID-19 cases and ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $4.184 on Thursday, August 26th

August 27, 2021
Thursday, August 26th saw the front-month NYMEX Natural Gas Futures Contract open at $3.963, nearly seven cents above Wednesday’s closing price of $3.897. Marking an intraday low of $3.958 soon after the opening bell, prices rose to $3.955 ahead of the week storage publication, c ... Read More
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