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June NYMEX Natural Gas Futures Contracts Closed at $2.908 on Tuesday, May 22nd

May 23, 2018
Tuesday, May 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.850, four cents above Monday’s closing price of $2.810.  Launching from the intraday low of $2.842 soon after markets opened, updated short-term weather forecasts sparked bullish sentiment as pri ... Read More

The possibility of crude oil hitting $100 a barrel caused oil prices to increase

May 23, 2018
Recap: Oil prices posted gains early in the session, as the possibility of crude oil hitting $100 a barrel began to sink in. Prices continue to gain strength from geopolitical tensions and strong demand, amid tighter global supply. Despite these early gains, prices slipped from s ... Read More
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June NYMEX Natural Gas Futures Contracts Closed at $2.810 on Monday, May 21st

May 22, 2018
Monday, May 21st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.829, two cents below Friday’s closing price of $2.847.  Climbing to the intraday high of $2.847 out of the gate, prices quickly realigned to market fundamentals and fell to the $2.82 level as upda ... Read More

Oil prices recovered following discussions about the issuing of new debt to Venezuela

May 22, 2018
Recap: After opening the session at basically unchanged, oil prices drifted sideways in overnight trading before dipping below Friday’s close. Prices recovered following discussions between U.S. President Donald Trump, Russia and China about the issuing of new debt to Venezuela. ... Read More
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Traders were focused on Venezuela's presidential election that was held on Sunday

May 21, 2018
Recap: Oil prices slipped on Friday; however, WTI posted its fourth straight week of gains, while Brent settled higher for the sixth straight week. The lack of new fundamentals is beginning to take its toll on prices, holding them at 3 and half year highs. Traders are focused on ... Read More
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June NYMEX Natural Gas Futures Contracts Closed at $2.859 on Thursday, May 17th

May 18, 2018
Thursday, May 17th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.794, two cents below Wednesday’s closing price of $2.815.  Tumbling to the intraday low of $2.780 by 9:10AM, prices soon recovered to trade near $2.795 through 10:30AM.  Gaining upward momentum ... Read More

Oil prices reached fresh 3.5 year highs

May 18, 2018
Recap: Oil prices reached fresh 3 ½ year highs, with Brent topping $80 a barrel for the first time since November 2014 and WTI tipping the charts above $72 a barrel in as much time. Geopolitical tensions continue to drive this market, especially Brent, while rising U.S. productio ... Read More
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EIA reported a 1.4 million barrel draw in U.S. crude oil stocks

May 17, 2018
Recap: Wednesday’s trading activity was a mirror image of Tuesday’s session, with oil prices trading in a mixed fashion. WTI bounced on its initial reaction to the EIA’s report of a 1.4 million barrel draw in U.S. crude oil stocks, but strength in the dollar overshadowed the repo ... Read More
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June NYMEX Natural Gas Futures Contracts Closed at $2.815 on Wednesday, May 16th

May 17, 2018
Wednesday, May 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.818, two cents below Tuesday’s closing price of $2.836.  Falling to the intraday low of $2.809 soon after markets opened, prices rose over the following thirty minutes to record the intraday hi ... Read More

WTI spent most of the session trading to the downside, while Brent held early gains

May 16, 2018
Recap: Oil prices were mixed on Tuesday, with WTI spending the better part of the session trading to the downside, while Brent held early gains. After posting a fresh multi-year high, but failing to trade above the $72 mark, June WTI slipped below unchanged. July Brent traded ove ... Read More
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