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August NYMEX Natural Gas Futures Contract Closed at $1.778 on Thursday, July 16th

July 17, 2020
Thursday, July 16th saw the front-month NYMEX Natural Gas Futures Contract open at $1.795, two cents above Wednesday’s closing price of $1.778.  Extending to an intraday high of $1.808 by 9:15AM, the contract then fell to trade near $1.775 heading into 10:30AM.  Seeking direction ... Read More

August NYMEX Natural Gas Futures Contract Closed at $1.778 on Wednesday, July 15th

July 16, 2020
Wednesday, July 15th saw the front-month NYMEX Natural Gas Futures Contract open at $1.755, a penny above Tuesday’s closing price of $1.746.  Ascending to $1.773 out of the gate, bearish pressure has kept a lid on any extended rallies as of late.  Falling to an intraday low of $1 ... Read More

Oil futures traded at their highest level in four months

July 16, 2020
Recap: Oil futures traded at their highest level in four months on Wednesday, on the back of the biggest weekly decline in U.S. crude oil inventories so far this year. The higher move came despite the fact that OPEC+ reached an agreement to taper record production cuts starting n ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.746 on Tuesday, July 14th

July 15, 2020
Tuesday, July 14th saw the front-month NYMEX Natural Gas Futures Contract open at $1.724, nearly two cents below Monday’s closing price of $1.739.  Slipping to an intraday low of $1.717 just after 9:30AM, prices rose in the following two hours to reach an intraday high of $1.771. ... Read More

OPEC reported global oil demand will increase by a record 7 million bpd in 2021

July 15, 2020
Recap: Oil prices erased early losses on Tuesday, getting support from a weaker U.S. dollar, as traders weighed uncertainty over the next move for OPEC and its allies on production cuts, and a forecast for a weekly decline in U.S. inventories. Traders are still contending with mo ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.739 on Monday, July 13th

July 14, 2020
Monday, July 13th saw the front-month NYMEX Natural Gas Futures Contract open at $1.775, three cents below Friday’s closing price of $1.805.  Mounting a staggered ascent to reach an intraday high of $1.815 by 10:00AM, support soon faded as worries over COVID-19 related “demand de ... Read More

Oil prices reversed to the downside as OPEC+ is expected to ease output cuts

July 14, 2020
Recap: After a feeble attempt to trade higher on Monday, oil prices reversed to the downside as OPEC+ is expected to ease output cuts, while the number of confirmed Coronavirus cases continues to tick up. OPEC and its allies are hoping global demand will improve as some economies ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.805 on Friday, July 10th

July 13, 2020
Friday, July 10th saw the front-month NYMEX Natural Gas Futures Contract open at $1.802, two cents above Thursday’s closing price of $1.779.  Marking an intraday low of $1.788 by 9:10AM, traders weigh the impacts of peak summer cooling demand and short covering against the threat ... Read More

Oil prices climbed more than 2% on Friday

July 13, 2020
Recap: Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the U.S. tempered expectations for a fast recovery in fuel consumption. Prices also found support after dat ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.779 on Thursday, July 9th

July 10, 2020
Thursday, July 9th saw the front-month NYMEX Natural Gas Futures Contract open at $1.876, five cents above Wednesday’s closing price of $1.824.  Tallying an intraday high of $1.883 within minutes of the opening bell, prices traded sideways near $1.875 through 10:30AM.  Plummeting ... Read More
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