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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

Oil prices fell from their highest level in eight-weeks

May 14, 2021
Recap: Oil prices fell from their highest level in eight-weeks as the coronavirus continued to spread across India and after the Colonial Pipeline resumed operations approximately 50% of its 5,500 mile long pipeline that had been shuttered due to a cyberattack over the past weeke ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.969 on Wednesday, May 12th

May 13, 2021
Wednesday, May 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.961, slightly above Tuesday’s closing price of $2.955.  Trading along the $2.955 level until tallying an intraday low of $2.947 at 11:00AM, the contract then began a gradual ascent.  Stepping hi ... Read More

Traders are focused on the status and expected restart of the Colonial Pipeline

May 13, 2021
Recap: Despite the release of the weekly oil report this morning traders remained basically focused on one thing, the status and expected restart of the Colonial Pipeline. While product prices crept higher overnight, they surged higher once the day trading session got underway an ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.955 on Tuesday, May 11th

May 12, 2021
Tuesday, May 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.897, nearly four cents below Monday’s closing price of $2.932.  Falling to an intraday low of $2.881 by 9:20AM as weather forecasts lost a few heating degree-days in the short term, bulls then mov ... Read More

OPEC left its 2021 demand forecast unchanged in its monthly Oil Market Report

May 12, 2021
Recap: Oil futures pressed higher on Tuesday as the Colonial Pipeline resumed operations after shutting down following a cyberattack and OPEC left its 2021 demand forecast unchanged in its monthly Oil Market Report. The Colonial Pipeline is slowly restarting after the cyberattack ... Read More
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