COVID-19 Response
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September NYMEX Natural Gas Futures Contract Closed at $3.945 on Monday, August 23rd

August 24, 2021
Monday, August 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $3.900, five cents above Friday’s closing price of $3.851. Trending lower to record an intraday low of $3.857 at 11:20AM, bullish weather forecasts are battling the changing of the seasons, as cool ... Read More

The oil market rallied over 5% on Monday

August 24, 2021
Recap: On Monday, the oil market rallied over 5%, as the U.S. dollar weakened and the strength in the equities markets lent support to the oil complex following a seven-day losing streak.  The oil market traded higher in tandem with the equities markets as investor concerns that ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $3.851 on Friday, August 20th

August 23, 2021
Friday, August 20th saw the front-month NYMEX Natural Gas Futures Contract open at $3.929, ten cents above Thursday’s closing price of $3.830. Tallying an intraday high of $3.951 soon after the open as traders capped off the overnight rally, forecasted above average helped to ove ... Read More

The oil market continued to trade lower for a seventh consecutive session

August 23, 2021
Recap: On Friday, the oil market continued to trade lower for a seventh consecutive session, extending the week’s decline to 8.9%, ahead of the September crude contract’s expiration at the close.  The market remained pressured amid concerns over fuel demand due to increasing numb ... Read More
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 The oil market continued on its downward trend

August 20, 2021
Recap: The oil market continued on its downward trend on Thursday, falling for a sixth consecutive session.  The market sold off sharply as it was once again pressured by a stronger U.S. dollar and concerns over weaker demand as the newest wave of coronavirus infections throughou ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $3.852 on Wednesday, August 18th

August 19, 2021
Wednesday, August 18th saw the front-month NYMEX Natural Gas Futures Contract open at $3.865, four cents below Tuesday’s closing price of $3.826. The price dropped sharply in the first hour of trading to the intraday low of $3.789 then immediately bounced back to what would be th ... Read More

The EIA reported a larger than expected draw in U.S. crude inventories of 3.2 million barrels to 435.5 million barrels

August 19, 2021
Recap: The oil market, which looked set to post another inside trading day early in the session, sold off and continued on its downward trend.  The market was pressured as traders remained concerned about the outlook for demand as COVID-19 cases surge worldwide.  The market also ... Read More
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Oil futures pared earlier gains to slip for the fourth straight session

August 18, 2021
Recap: Oil futures pared earlier gains to slip for the fourth straight session on Tuesday, as surging cases of the coronavirus across the globe continue to paint a grim picture for demand and as OPEC and its allies believe the market does not need more oil. Japan, the world's thi ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $3.837 on Tuesday, August 17th

August 18, 2021
Tuesday, August 17th saw the front-month NYMEX Natural Gas Futures Contract open at $3.892, five cents below Monday’s closing price of $3.946. The price steadily fell throughout the day until hitting an intraday low of 3.803 at 2:00pm. Besides a small spike at 2:30, trading was r ... Read More

Oil prices retreated as cases of the Delta variant of the coronavirus surge around the world

August 17, 2021
Recap: Oil futures fell for the third straight session on Monday after data from China’s economic recovery slowed more than anticipated last month. Oil prices retreated as cases of the Delta variant of the coronavirus surge around the world, fueling fears that a new wave of trave ... Read More
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