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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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Oil futures rose by almost 3% on Wednesday

March 4, 2021
Recap: Oil futures rose by almost 3% on Wednesday on talk of a potential roll over of production cuts by OPEC and its allies. Traders were hopeful that the group would decide to roll over production cuts in an effort to support prices, even after the EIA showed a whopping 21.6 mi ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.839 on Tuesday, March 2nd

March 3, 2021
Tuesday, March 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.819, four cents above Monday’s closing price of $2.777. In a bumpy day of trading, prices quickly fell to their intraday low of $2.795 at 9:30AM. After reaching their low for the day, prices took ... Read More

Traders were focused on rising tensions between the U.S. and Saudi Arabia.

March 3, 2021
Recap: Oil futures extended their losses on Tuesday ahead of the meeting between OPEC and its allies, where they will decide whether or not to boost production levels. Traders were also focused on rising tensions between the U.S. and Saudi Arabia. WTI settled below $60 for the fi ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.777 on Monday, March 1st

March 2, 2021
Monday, March 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.741, three cents below Friday’s closing price of $2.771.  In a quiet day of trading, prices hovered near the $2.760 level for the majority of the day.  Falling to an intraday low of $2.740 ahead o ... Read More
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