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Brent hit its highest level since March

June 2, 2021
Recap: Oil futures jumped on Monday, with WTI hitting a two-year high, as OPEC+ reconfirmed a gradual increase in production, sticking to the plan agreed upon in April, whereby 2.1 million barrels per day of supply would be brought back to the market between May and July. Brent h ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.104 in Tuesday, June 1st

June 2, 2021
Tuesday, June 1st saw the front-month NYMEX Natural Gas Futures Contract open at $3.068, eight cents above Friday’s closing price of $2.986.  Tallying the intraday low of $3.064 early on, prices jumped past the $3.100 level and ascended to a more than three month intraday high $3 ... Read More

July NYMEX Natural Gas Futures Contract Closed at $2.986 on Friday, May 28th

June 1, 2021
Friday, May 28th saw the front-month NYMEX Natural Gas Futures Contract open at $3.016, six cents above Thursday’s closing price of $2.958.  Achieving an intraday high of $3.036 within minutes of the opening bell, the contract then began a steady descent that would span the durat ... Read More

WTI rose to its highest level since March 8

June 1, 2021
Recap: Oil futures swung from gentle losses to gentle gains on Friday, struggling for direction, supported by firm demand, with OPEC+ appearing to have global supply under control despite worries about Iranian supply and Asian COVID-10 case spikes. WTI rose to its highest level s ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.958 on Thursday, May 27th

May 28, 2021
Thursday, May 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.999, three cents below Wednesday’s closing price of $3.027.  Trading along either side of $3.005 until 10:30AM, prices then tumbled lower as the bearish storage injection fell outside of even the ... Read More

U.S. crude futures have been stuck in a $10 trading range since March

May 28, 2021
Recap: Oil prices reversed early losses on Thursday, supported by strong U.S. economic data that waylaid trader’s concerns about the potential for a rise in Iranian supplies. A rise in equities also lent support, while the dollar hovered around the unchanged level. U.S. crude fut ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.027 on Wednesday, May 26th

May 27, 2021
Wednesday, May 26th – settlement day for the June contract - saw the front-month NYMEX Natural Gas Futures Contract open at $2.941, three cents above Tuesday’s closing price of $2.913.  Slipping downward to reach an intraday low of $2.975 at 10:00AM, prices were then directed upw ... Read More

The EIA reported 1.7 million barrel draw in U.S. crude oil inventories

May 27, 2021
Recap: Oil futures pared early losses on Wednesday after the EIA reported 1.7 million barrel draw in U.S. crude oil inventories. Although the decline was a minor one, U.S. crude oil stockpiles stand at 484.3 million barrels, which is below the five-year seasonal average and the s ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.913 on Tuesday, May 25th

May 26, 2021
Tuesday, May 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.921, four cents above Monday’s closing price of 2.886.  Ascending to an intraday high of $2.924 within minutes of the opening bell, prices moved lower to mark an intraday low of $2.888 at 10:20AM. ... Read More

Oil futures were slightly higher on Tuesday

May 26, 2021
Recap: Oil futures were slightly higher on Tuesday as we approach the U.S. Memorial Day Holiday weekend when demand for gasoline typically picks up. Prices also gained as the U.S. dollar declined to a 19-week low versus a basket of currencies as inflation worries recede. However, ... Read More
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