COVID-19 Response
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Tensions in the Mideast, along with a weaker U.S. dollar gave rise to crude oil prices

August 6, 2021
Recap: Tensions in the Mideast, along with a weaker U.S. dollar gave rise to crude oil prices on Thursday but renewed Covid-19 restrictions across the globe worked to keep a lid over this market. Israeli jets struck what its military said were rocket launch sites in Lebanon early ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $4.158 on Wednesday, August 4th

August 5, 2021
Wednesday, August 4th saw the front-month NYMEX Natural Gas Futures Contract open at $4.114, nine cents above Tuesday’s closing price of $4.027.  Marking an intraday low of $4.096 out of the gate, the contract continued its upward trajectory as heat remains in the forecast and st ... Read More

The EIA reported a 3.63 million barrel build in U.S. crude oil inventories

August 5, 2021
Recap: Oil prices declined for the third straight session as the coronavirus spread in China and after the EIA reported a 3.63 million barrel build in U.S. crude oil inventories, the largest gain since March.  After eking out a small advance in July, August is proving to be tough ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $4.027 on Tuesday, August 3rd

August 4, 2021
Tuesday, August 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $3.971, four cents above Monday’s closing price of $3.935.  Falling to an intraday low of $3.953 within minutes of 9:00AM, prices then rose to the intraday high of $4.051 an hour later as additiona ... Read More

WTI and Brent both rose around 48% year-to-date

August 4, 2021
Recap: Oil prices seesawed between negative and positive territory in what was a volatile session, as concern over the rising cases of the Delta coronavirus variant weighed on prices while expectations of lower U.S. inventories provided some support. The 2021 oil rally, which has ... Read More
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Oil futures opened higher on Monday

August 3, 2021
Recap: Oil futures opened higher on Monday, but failed above the unchanged level on weak Chinese data and as traders assessed the spread of the Delta variant of the coronavirus that causes COVID-19 and rising output by OPEC+ producers. In China, data released on Saturday by the N ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $3.935 on Monday, August 2nd

August 3, 2021
Monday, August 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $3.970, six cents above Friday’s closing price of $3.914.  Ascending to an intraday high of $4.042 by 10:10AM, the contract then continued Friday’s downward trajectory to cross midday near $3.972.  ... Read More

Oil futures rebounded after opening lower on the day

August 2, 2021
Recap: Oil futures rebounded after opening lower on the day, but remained on track to post weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of the Delta variant of COVID-19 infections across the globe. Even with coronavi ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $3.914 on Friday, July 30th

August 2, 2021
Friday, July 30th saw the front-month NYMEX Natural Gas Futures Contract open at $3.942, nearly twelve cents below Thursday’s closing price of $4.059.  Marking the intraday high of $3.952 within minutes of 9:00AM, the contract then withdrew to mark an intraday low of $3.855 at 10 ... Read More

Oil futures continue to grow as data showed a decline in U.S. crude oil inventories

July 30, 2021
Recap:  Oil futures resumed their ascent on Thursday, after data released on Wednesday showed U.S. crude oil inventories falling by 4.1 million barrels for the week ended July 23, marking the ninth weekly decline in 10 weeks. Brent pushed above $76 a barrel, while WTI climbed tow ... Read More
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