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Oil prices continued their upward route to a three week high

February 27, 2018
Recap: Oil prices continued their upward route on Monday, rising to a three-week high, supported by OPEC’s commitment to output cuts, supply disruptions in Libya and by strong U.S. demand. April WTI rose to a high of $64.24 before severing gains for a settlement of $63.91 a barre ... Read More
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March NYMEX Natural Gas Futures Contracts Closed at $2.625 on Friday, February 23rd

February 26, 2018
Friday, February 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.579, five cents below Thursday’s closing price of $2.634.  Slipping to notch the intraday low of $2.576 by 9:40AM, prices then mounted a steady ascent to span the majority of the day.  Surpas ... Read More

Oil prices finished higher for the second straight week

February 26, 2018
Recap: Oil prices finished higher for the second straight week, tacking on more than 3%, gaining support from falling Libyan production, bullish rhetoric from Saudi Arabia’s energy minister and a decline in U.S. inventories. WTI closed in on $64, falling short by 27 cents, while ... Read More
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EIA report indicated US crude oil stocks fell 1.6 million

February 23, 2018
Recap: Oil prices, which were heading lower early in the session, reversed course after the release of the EIA report, which indicated U.S. crude oil stocks fell 1.6 million. In its initial reaction, April WTI jumped sharply, tacking on more than $21 before falling into a 30 cent ... Read More
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March NYMEX Natural Gas Futures Contracts Closed at $2.634 on Thursday, February 22nd

February 23, 2018
Thursday, February 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.641, two cents below Wednesday’s closing price of $2.659.  Climbing to seesaw along the $2.65 mark through 10:30AM, a brief uptick to the intraday high of $2.670 quickly subsided, despite t ... Read More

March NYMEX Natural Gas Futures Contracts Closed at $2.659 on Wednesday, February 21st

February 22, 2018
Wednesday, February 21st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.647, three cents above Tuesday’s closing price of $2.616.  Building upon the previous day’s gains, the under-valued market rose out of the gate to reach a two-week intraday high of $2.680 ... Read More

Oil prices headed lower early in the session on Wednesday

February 22, 2018
Recap: Oil prices headed lower early in the session on Wednesday, following a mixed move on Thursday. The ease came as the dollar strengthened amid expectations that U.S. crude oil inventories increased. Both blends fell to their lowest level in three days before diverting from o ... Read More
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Differing U.S. data reported last week showed U.S. crude oil inventories held at Cushing shrinking and shale output continuing to rise

February 21, 2018
Recap: Oil prices were mixed on Tuesday, with Brent coming under pressure as maintenance gets under way in that region and with WTI increasing on concerns of tighter supplies out of Canada. The divergence comes on the heels of differing U.S. data reported last week, which showed ... Read More
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March NYMEX Natural Gas Futures Contracts Closed at $2.616 on Tuesday, February 20th

February 21, 2018
Tuesday, February 20th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.645, nine cents above Friday’s closing price of $2.558.  Seeming to reaching consensus that market conditions were oversold, the contract extended higher in the early morning.   Seesawing al ... Read More

Both gasoline and heating oil were up 3% for the week

February 20, 2018
Recap:  After falling in overnight trading, WTI rebounded, hitting a high of $61.99 on Friday, its highest level in a week. The up move was fueled by a weaker dollar, which fell to its lowest level in three years. As the dollar pared losses, oil prices slipped but held on to week ... Read More
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