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Oil Futures Steadied on Friday During a Choppy Trading Session but Fell for the Second Straight Week After Countries Announced Plans to Release Crude

April 11, 2022
Recap: Oil futures steadied on Friday during a choppy trading session but fell for the second straight week after countries announced plans to release crude from their strategic stocks. Member nations of the International Energy Agency (IEA) will release 60 million barrels over t ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $6.359 on Thursday, April 7th

April 8, 2022
Thursday, April 7th saw the May NYMEX Natural Gas Futures Contract open at of $6.101, seven cents above Wednesday’s closing price of $6.029. Experiencing volatility early on, prices narrowed their gaze and stabilized near $6.035 ahead of the weekly storage report. Spiking to $6.2 ... Read More

Oil Futures Tried to Rally in Early Trading but Moved Significantly Lower on a Host of Factors

April 8, 2022
Recap: Oil futures tried to rally in early trading but moved significantly lower on a host of factors, which include rising U.S. crude oil inventories amid weak gasoline demand, as the U.S. and other countries dip into strategic reserves to make up for any shortfalls, due to the ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $6.029 on Wednesday, April 6th

April 7, 2022
Wednesday, April 6th saw the May NYMEX Natural Gas Futures Contract open at of $6.375, thirty-four cents above Tuesday’s closing price of $6.032. Marking an intraday high of $6.379 soon after the opening bell, the early pre-session rally is being attributed to incoming short-term ... Read More

WTI Erased Earlier Gains and Fell As Much As 6.1% to $95.73 a Barrel After an EIA Report Showed an Unexpected Week-on-Week Increase

April 7, 2022
Recap: WTI erased earlier gains and fell as much as 6.1% to $95.73 a barrel after an EIA report showed an unexpected week-on-week increase in U.S. crude oil inventories, and also a bearish rise in stockpiles held at the WTI delivery hub in Cushing, OK.  Additionally, the report s ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $6.032 on Tuesday, April 5th

April 6, 2022
Tuesday, April 5th saw the May NYMEX Natural Gas Futures Contract open at of $5.955, twenty-four cents above Monday’s closing price of 5.712. Falling to the intraday low of $5.938 at 9:25AM, prices surged higher on supply concerns as domestic production slips and LNG exports rema ... Read More

Oil Prices Traded Lower in Volatile Trading on Tuesday as Growing Worries About Coronavirus Demand Destruction Offset Supply Concerns

April 6, 2022
Recap: Oil prices traded lower in volatile trading on Tuesday as growing worries about coronavirus demand destruction offset supply concerns after the United States and Europe planned to impose new sanction on Russia for alleged war crimes in Ukraine. Lockdowns in Shanghai have b ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $5.712 on Monday, April 4th

April 5, 2022
Monday, April 4th saw the May NYMEX Natural Gas Futures Contract open at of $5.791, seven cents above Friday’s closing price of $5.720. Seeking direction early on, prices fell to $5.718 by 9:15AM and notched an intraday high of $5.857 forty-five minutes later. Tallying the intrad ... Read More

Oil Prices Climbed as Much as 4% on Monday, with Investors Worried About Tighter Supply

April 5, 2022
Recap: Oil prices climbed as much as 4% on Monday, with investors worried about tighter supply as mounting civilian deaths in Ukraine increased pressure on European countries to impose sanctions on Russia’s energy sector. Oil futures also gained support from a pause in talks in V ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $5.720 on Friday, April 1st

April 4, 2022
Friday, April 1st saw the May NYMEX Natural Gas Futures Contract open at of $5.562, nearly even to Thursday’s closing price of $5.642. Ascending from the intraday low of $5.538 early on, the contract soared higher throughout the morning to cross the $5.70 level by 10:30AM and rea ... Read More
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