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There are concerns that trade wars between China and the U.S. will diminish demand

August 13, 2018
Recap: Oil prices finished higher on Friday. However, they posted their second weekly loss as forecasts for higher global demand and U.S. sanctions against Iran shortcut the effects of supply increases from Russia and concern that trade wars between China and the U.S. will dimini ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.955 on Thursday, August 9th

August 10, 2018
Thursday, August 9th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.946, just below Wednesday’s closing price of $2.949.  Awaiting news from the weekly inventory report, prices traded calmly along $2.945 through 10:30AM.  Jumping to the intraday high of $2.959 ... Read More

Trade tensions between China and the U.S. caused oil prices to slip for the second straight session

August 10, 2018
Recap: After a sharp move lower on Wednesday, oil prices slipped for the second straight session Thursday on escalating trade tensions between China and the U.S. After a feeble attempt on the upside, oil prices fell back below unchanged, but were unable to surpass the lows of yes ... Read More
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Oil prices slipped to their lowest level in four weeks

August 9, 2018
Recap: Oil prices slipped to their lowest level in four weeks on Wednesday as total U.S. stockpiles of oil and fuel reached a seven-month high and trade wars between China and the U.S. heat up, giving rise to concern about demand. The build of 3.3 million barrels in total stocks ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.949 on Wednesday, August 8th

August 9, 2018
Wednesday, August 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.910, a penny above Tuesday’s closing price of $2.897.  Surging upward as today’s storage report and short-term above average temperatures continue to support bullish sentiment, prices eclipse ... Read More

Crude oil prices posted moderate gains following a reduction in Saudi production

August 8, 2018
Recap: Crude oil prices posted moderate gains following a reduction in Saudi production and fear that U.S. sanctions against Iran could lead to supply shortfalls. September WTI climbed back toward $70 a barrel, but for the second straight session lacked enough strength to surpass ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.897 on Tuesday, August 7th

August 8, 2018
Tuesday, August 7th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.879, two cents above Monday’s closing price of $2.860.  Adding to Monday’s gains, an early jump above $2.890 by 9:30AM then saw prices step hesitantly higher through the day.  Backed by concern ... Read More

An unexpected drop in Saudi crude production lifted oil prices on Monday

August 7, 2018
Recap: An unexpected drop in Saudi crude production lifted oil prices on Monday, taking prices to their highest level in four days. October Brent pushed passed $74.07, the 10-day moving average, to a high of $74.47 a barrel, while September WTI blew passed its 10-day moving avera ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.860 on Monday, August 6th

August 7, 2018
Monday, August 6th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.826, nearly three cents below Friday’s closing price of $2.853.  Ascending to surpass the $2.84 level as markets opened, below-average inventory levels continued to outweigh healthy production.  ... Read More

Oil prices fell from early gains as trade war jitters continue to permeate the marketplace

August 6, 2018
Recap: Oil prices fell from early gains as trade war jitters continue to permeate the marketplace. Traders are left to grapple with the impact such wars can and will have on oil demand and therefore are forced to trade with uncertainty. Prices were also pushed and pulled by a dol ... Read More
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