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The global oil markets remained on the defensive for the third consecutive day

May 21, 2021
Recap: The global oil markets remained on the defensive for the third consecutive day today as news reports swirled that Iran could soon see oil sanction relief. The Iranian president Thursday confirmed that the negotiations between the U.S and other world powers and Iran were on ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.964 on Wednesday, May 19th

May 20, 2021
Wednesday, May 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.984, three cents below Tuesday’s closing price of $3.012.  Reaching an intraday high of $2.991 at 9:50AM and falling to an intraday low of $2.940 an hour later, prices were down slightly as the ... Read More

Oil futures fell to their lowest settlement in more than three weeks

May 20, 2021
Recap: Oil futures fell on Wednesday, logging their lowest settlement in more than three weeks, pressured by overall losses in the broader financial market, as traders ruminated over the first weekly U.S. crude oil inventory rise in three weeks. At one point during trading, June ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $3.012 on Tuesday, May 18th

May 19, 2021
Tuesday, May 18th saw the front-month NYMEX Natural Gas Futures Contract open at $3.077, three cents below Monday’s closing price of $3.109.  Recording the intraday high of $3.081 soon after the opening bell, prices arced lower throughout the morning.  Finding support near $3.020 ... Read More

Oil futures fell from a two-month high on Tuesday

May 19, 2021
Recap: Oil futures fell from a two-month high on Tuesday as news broke that the U.S. and Iran have made progress on reviving a deal restricting Iran’s nuclear weapons development, which could lead to extra barrels of oil on the open market. Prices plunged nearly 2%, but losses we ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $3.109 on Monday, May 17th

May 18, 2021
Monday, May 17th saw the front-month NYMEX Natural Gas Futures Contract open at $3.074, eleven cents above Friday’s closing price of $2.961.  Climbing from the intraday low as markets opened, prices rose steadily to reach $3.145 by 10:30AM.  Fueled by an expected increase in cool ... Read More

Oil futures rose more than 1% on Monday

May 18, 2021
Recap: Oil futures rose more than 1% on Monday, with WTI climbing to its highest level in two years. Prices were lifted by European economic reopenings and rising U.S. demand after prices fell earlier due to surging coronavirus cases in Asia and underwhelming Chinese manufacturin ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.961 on Friday, May 14th

May 17, 2021
Friday, May 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.982, two cents below Wednesday’s closing price of $2.973.  Marking an intraday high of $2.996 soon after the opening bell, prices slipped lower throughout the morning.  Finding support near $2.960 ... Read More

The Colonial Pipeline reopened after being shut down for days

May 17, 2021
Recap: Oil futures rose on Friday, posting weekly gains, as the Colonial Pipeline reopened after being shut down for days in response to a ransomware attack. It is estimated that the outage resulted in a 7.5 million barrel shortfall in East Coast gasoline and a 6 million barrel s ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.973 on Thursday, May 13th

May 14, 2021
Thursday, May 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.949, two cents below Wednesday’s closing price of $2.969.  Marking an intraday low of $2.937 within minutes of the opening bell, the contract traded sideways near $2.945 through 10:00AM.  Gaining ... Read More
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