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November NYMEX Natural Gas Futures Contract Closed at $2.855 on Tuesday, October 13th

October 14, 2020
Tuesday, October 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.798, nearly eight cents below Monday’s closing price of $2.881.  Falling to an intraday low of $2.779 soon after the opening bell, the contract found support, despite warming forecasts, and ro ... Read More

Oil prices slipped to their lowest level in a week on Monday

October 13, 2020
Recap: Oil prices slipped to their lowest level in a week on Monday, as production in Norway, Libya and the Gulf of Mexico began to recover. WTI traded back below $40 a barrel, as the strike in Norway ended, while Libya lifted its force majeure and as production in the Gulf of Me ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.741 on Friday, October 9th

October 12, 2020
Friday, October 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.744, twelve cents above Thursday’s closing price of $2.627.  Ascending to an intraday high of $2.821 by 10:20AM as Hurricane Delta threatened in the Gulf of Mexico, prices slowly descended into ... Read More

The Bureau of Safety and Environmental Enforcement reported that personnel have been evacuated from a total of 274 production platforms

October 12, 2020
Recap: The oil markets were on a bit of a rollercoaster today. While the movement of Hurricane Delta across the Gulf of Mexico as a Category 2 or 3 hurricane and its approach to the Louisiana coast continued to provide underlying support to the market, the midday news that Norweg ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.627 on Thursday, October 8th

October 9, 2020
Thursday, October 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.532, seven cents below Wednesday’s closing price of $2.606.  Marking an intraday low of $2.512 soon after 9:00AM, prices bound higher to stabilize near $2.590 heading into the 10:30AM weekly s ... Read More

Saudi Arabia is reviewing and potentially delaying its support for higher crude oil production levels by OPEC+ early next year

October 9, 2020
Recap: The oil markets continued to trend higher throughout the day Thursday, driven higher by several factors, the first, the continued march of Hurricane Delta through the center of energy production fields in the Gulf of Mexico and shutting down some 1.7 million b/d or 91% of ... Read More
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Hurricane Delta shut more than 80% of U.S. Gulf offshore crude oil production

October 8, 2020
Recap: Oil futures settled lower on Wednesday, but losses were pared as Hurricane Delta shuts more than 80% of U.S. Gulf offshore crude oil production. November WTI had gained ground $40 a barrel prior to the release of the EIA report, but dipped to a fresh session low after the ... Read More
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Wednesday NYMEX Natural Gas Futures Contract Closed at $2.606 on Wednesday, October 7th

October 8, 2020
Wednesday, October 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.635, eleven cents above Tuesday’s closing price of $2.520.  Tallying an intraday high of $2.686 by 9:20AM, volatility persisted throughout the session, as the effects of multiple storms in th ... Read More

Crude oil futures gained for the second straight day on Tuesday

October 7, 2020
Recap: Crude oil futures gained for the second straight day on Tuesday, as Hurricane Delta intensified as it approaches the Yucatan peninsula and is headed toward the Gulf of Mexico. This comes on the heels of a strike in Norway, which has disrupted output in that region. Oil com ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.520 on Tuesday, October 6th

October 7, 2020
Tuesday, October 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.635, two cents above Monday’s closing price of $2.615.  Tallying an intraday high of $2.650 within minutes of the opening bell, the contract fought to maintain the $2.600 level through 11:30AM. ... Read More
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