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April NYMEX Natural Gas Futures Contract Closed at $2.692 on Wednesday, March 10th

March 11, 2021
Wednesday, March 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.634, almost three cents below Wednesday’s closing price of $2.662. Prices dropped to an intraday low soon after open, falling to $2.618 at 9:30AM. Prices rose very steadily throughout the rest ... Read More

The EIA reported a 13.8 million barrel build in U.S. crude oil inventories

March 11, 2021
Recap: Oil futures opened Wednesday’s session trading unchanged, but by daybreak on the East Coast, April WTI was trading just below $65 a barrel. This strong technical number held up, as prices retreated after the EIA reported a 13.8 million barrel build in U.S. crude oil invent ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.664 on Tuesday, March 10th

March 10, 2021
Monday, March 8th saw the front-month NYMEX Natural Gas Futures Contract open at an intraday low of $2.644 almost six cents below Monday’s closing price of $2.701. Prices took an upward trend on Monday, climbing up to an intraday high of $2.669 just before close at 2:20PM. April’ ... Read More

Oil futures fell for the second straight day on Tuesday

March 10, 2021
Recap: Oil futures fell for the second straight day on Tuesday, as traders await the U.S. inventory numbers from both the API and the EIA. On average, analysts expect U.S. crude oil inventories to rise by 2.7 million barrels for the week ending March 5. Last week, we saw a whoppi ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.664 on Monday, March 8th

March 9, 2021
Monday, March 8th saw the front-month NYMEX Natural Gas Futures Contract open at an intraday low of $2.644 almost six cents below Friday’s closing price of $2.701. Prices took an upward trend on Monday, climbing up to an intraday high of 2.669 just before close at 2:20PM. April’s ... Read More

Oil futures posted early gains on Monday

March 9, 2021
Recap: Oil futures posted early gains on Monday after reports of an attack on Saudi Arabian oil facilities, but the gains were erased as it became apparent no real damage occurred. Yemen's Houthi forces fired drones and missiles at the heart of the Saudi oil industry on Sunday, i ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.701 on Friday, March 5th

March 8, 2021
Friday, March 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.724 almost three cents below Thursday’s closing price of $2.749.  Soon after open, prices reached their intraday high of $2.755 at 9:30AM. Following this 30-minute rise, prices began a downward tr ... Read More

Oil futures jumped to their highest settlement since 2019

March 8, 2021
Recap: Oil futures jumped to their highest settlement since 2019 on Friday following a stronger-than-expected U.S. jobs report, and extended Thursday’s gains on the decision by OPEC and its allies to keep production cuts in place through April. For the first time since October of ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.749 on Thursday, March 4th

March 5, 2021
Thursday, March 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.775 four cents below Friday’s closing price of $2.816.  Prices reached their intraday high of $2.783, just before the release of the EIA Natural Gas Storage Report at 10:20AM. Upon the release o ... Read More

OPEC and its allies voted to rollover current production cuts to the end of April

March 5, 2021
Recap: Oil futures climbed higher on Thursday after OPEC and its allies voted to rollover current production cuts to the end of April. Saudi Arabia also extended its voluntary output cut of one million barrels a day, which was due to expire at the end of March. News of the rollov ... Read More
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