COVID-19 Response
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June NYMEX Natural Gas Futures Contract Closed at $2.932 on Monday, May 10th

May 11, 2021
Monday, May 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.927, three cents below Friday’s closing price of $2.958.  Following a brief jump to $2.939 as the opening bell rang, prices then dropped to an intraday low of $2.899 minutes later.  Recovering grad ... Read More

The U.S. government and Colonial Pipeline worked to secure the network that transports nearly half of the East Coast's supplies

May 11, 2021
Recap: After jumping to their highest level in almost three years, RBOB futures peeled early gains to trade in negative territory, after Colonial Pipeline said Sunday evening that some of its smaller lateral lines between terminals and delivery points are once again online follow ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.958 on Friday, May 7th

May 10, 2021
Friday, May 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.941, a penny above Thursday’s closing price of $2.928.  Trending lower to reach an intraday low of $2.905 at 10:20AM, prices were quick to rebound.  Climbing confidently to achieve an intraday high ... Read More

Oil futures seesawed between gains and losses on Friday

May 10, 2021
Recap: Oil futures seesawed between gains and losses on Friday, in what was a choppy trading session, following a disappointing U.S. jobs report. Crude’s advance this week comes amid strength in the broader commodities sector. The Organization of Petroleum Exporting Countries and ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.928

May 7, 2021
Thursday, May 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.937, nearly even to Wednesday’s closing price of $2.938.  Trading along either side of $2.940 heading into the weekly storage publication, prices jumped to an intraday high of $2.971 as the report ... Read More

Rising number of COVID-19 cases in India continues to overshadow the decrease in U.S. crude oil inventories

May 7, 2021
Recap: Oil futures fell from early gains, as the rising number of COVID-19 cases in India continues to overshadow the huge decrease in U.S. crude oil inventories. Hopes that India's deadly second coronavirus wave was about to peak were swept away on Thursday as it posted record d ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.938 on Wednesday, May 5th

May 6, 2021
Wednesday, May 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.964, nearly even to Tuesday’s closing price of $2.967.  Ascending to $2.975 early on, prices slipped to an intraday low of $2.913 by 10:00AM.  Recovering to mark an intraday high of $2.977 at 11: ... Read More

The EIA reported a 7.99 million barrel draw in U.S. crude oil inventories

May 6, 2021
Recap: Oil futures turned lower just ahead of the settlement period, reversing early gains made after the EIA reported a 7.99 million barrel draw in U.S. crude oil inventories. Stronger refinery runs and strong exports were behind the stockpile decline. Euphoria over an economic ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.967 on Tuesday, May 4th

May 5, 2021
Tuesday, May 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.993, three cents above Monday’s closing price of $2.966.  Recording an intraday high of $2.995 within minutes of the opening bell, prices then retreated to record an intraday low of $2.932 at 10:20 ... Read More

The API reported a 7.7 million barrel draw in U.S. crude oil inventories

May 5, 2021
Recap: Oil prices added to their gains on Tuesday, as more states in the U.S. eased COVID19 restrictions, and as the European Union plans to allow foreign visitors who have been vaccinated to travel to its countries. Gasoline futures jumped more than 2.8%, reaching its highest le ... Read More
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