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October NYMEX Natural Gas Futures Contract Closed at $5.335 on Thursday, September 16th

September 17, 2021
Thursday, September 16th saw the front-month NYMEX Natural Gas Futures Contract open at $5.468, twenty-one cents above Tuesday’s closing price of $5.460.  Surging to an intraday high of $5.600 within minutes of the opening bell, the contract came crashing down in the subsequent t ... Read More

Oil futures erased earlier losses

September 17, 2021
Recap: Oil futures erased earlier losses while investors weighed the expiration of crude oil options as well as the impact of mixed U.S. economic data. After declining as much as 1.5% on Thursday, crude oil futures reversed to the upside after U.S. retail sales unexpectedly incre ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $5.460 on Wednesday, September 15th

September 16, 2021
Wednesday, September 15th saw the front-month NYMEX Natural Gas Futures Contract open at $5.468, twenty-one cents above Tuesday’s closing price of $5.260.  Surging higher out of the gate to continue the pre-session rally, prices soared to a fresh seven-year intraday high of $5.95 ... Read More

Oil futures settled at their highest level since July

September 16, 2021
Recap: Oil futures settled at their highest level since July, after U.S. crude oil inventories fell for the sixth straight week. Subdued refinery runs and limited production led to a 6.4 million barrel drop in domestic crude oil supplies, as the Gulf of Mexico was hit with a powe ... Read More
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Oil futures rose for the third straight session on Tuesday

September 15, 2021
Recap: Oil futures rose for the third straight session on Tuesday, as Nicholas weakened to a tropical storm and the IEA said demand would rebound in the remainder of the year. The Gulf region is recovering from Hurricane Ida, with more than 40% of its oil and gas output still shu ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $5.231 on Monday, September 13th

September 14, 2021
Monday, September 13th saw the front-month NYMEX Natural Gas Futures Contract open at $5.176, twenty-four cents above Friday’s closing price of $4.938. Marking an intraday low of $5.116 by 9:20AM, the contract continued its pre-session rally to overtake $5.220 by midday. Ascendin ... Read More

WTI rose above $70 a barrel on Monday

September 14, 2021
Recap: WTI rose above $70 a barrel on Monday, for the first time since early August, as almost half of the production in the Gulf of Mexico remains shut in following Hurricane Ida that spilled through the region just two weeks ago. This combined with OPEC raising its 2022 estimat ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $4.938 on Friday, September 10th

September 13, 2021
Friday, September 10th saw the front-month NYMEX Natural Gas Futures Contract open at $4.993, four cents below Thursday’s closing price of $5.031. Tallying an intraday high of $5.008 by 9:15AM, prices drifted lower throughout the session on Friday following a whirlwind week. Fund ... Read More

Oil futures rose due to increasing signs of supply shortages as a result of Hurricane Ida

September 13, 2021
Recap: Oil futures rose on Friday, lifted by increasing signs of supply shortages as a result of Hurricane Ida and as U.S.-China trade hopes gave riskier assets a boost. Approximately three quarters of production in the U.S. Gulf Coast remains offline since being hit by the hurri ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $5.031 on Thursday, September 9th

September 10, 2021
Thursday, September 9th saw the front-month NYMEX Natural Gas Futures Contract open at $4.919, slightly above Wednesday’s closing price of $4.914. Losing ground shortly after the opening bell, the contract was trading near $4.870 ahead of the weekly storage publication. Initially ... Read More
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