COVID-19 Response
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The oil market finished the final trading day of the second quarter mixed

July 1, 2020
Recap: The oil market finished the final trading day of the second quarter mixed. Crude oil which had moved higher throughout the morning on the coat tails of a stronger equity market, decoupled in the afternoon and finished the day down 43 cents in WTI futures, with the Brent co ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.709 on Monday, June 29th

June 30, 2020
Monday, June 29th saw the front-month NYMEX Natural Gas Futures Contract open at $1.638, seven cents above Friday’s closing price of $1.544.  Marking an intraday low of $1.637 minutes after 9:00AM, pre-session momentum persisted well into the morning as prices surged more than 7% ... Read More

Oil prices were supported by upbeat economic data out of China and Europe

June 30, 2020
Recap: Oil prices rose on Monday, supported by upbeat economic data out of China and Europe and signs of further slowdowns in oil production. U.S. stock indexes, which broadly rose on Monday, also added support for oil prices, which at times, track equity markets. Fears of a seco ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.544 on Friday, June 26th

June 29, 2020
Friday, June 26th saw the August NYMEX Natural Gas Futures Contract open at $1.625, eight cents above Thursday’s closing price of $1.546.  Reaching an intraday high of $1.628 soon after the opening bell rang, the contract soon trended lower, falling to an intraday low of $1.517 a ... Read More

The increasing number of coronavirus cases looked to hinder an economic recovery and hamper energy demand

June 29, 2020
Recap: Oil futures dipped on Friday, erasing earlier gains, as the increasing number of coronavirus cases looked to hinder an economic recovery and hamper energy demand. Earlier gains, supported by optimism over rising road traffic boosting fuel demand, were erased in early U.S. ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $1.482 on Thursday, June 25th

June 26, 2020
Thursday, June 25th saw the front-month NYMEX Natural Gas Futures Contract open at $1.558, four cents below Wednesday’s closing price of $1.597.  Tallying an intraday high of $1.562, prices then trended lower to reach the $1.530 level ahead of 10:30AM.  Breaking through multiple ... Read More

Oil futures climbed by almost 2% on Thursday

June 26, 2020
Recap: Oil futures climbed by almost 2% on Thursday, following two days of declines. Slight economic improvements in the U.S; cuts Russian oil exports and word from the White House Economic Advisor that the U.S. would not shut the economy down gave the market a boost, but the spr ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $1.597 on Wednesday, June 24th

June 25, 2020
Wednesday, June 24th saw the front-month NYMEX Natural Gas Futures Contract open at $1.641, just above Tuesday’s closing price of $1.637.  Posting a staggered climb to reach an intraday high of $1.652 at 10:20AM, the contract fell gradually lower throughout the day as reopening e ... Read More

Oil prices lost more than 5% on Wednesday

June 25, 2020
Recap: Oil prices lost more than 5% on Wednesday as evidence of rising coronavirus cases in many countries raised questions about efforts to restart global economies and U.S. government data reveal a third straight weekly climb in domestic crude inventories. The International Mon ... Read More
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Demand fears overshadowed any supportive news to push prices lower

June 24, 2020
Recap: Oil futures gave up early gains to finish lower on Tuesday, as conflicting government statements on the status of U.S.-China trade deal and a rise in Covid-19 cases feeding uncertainty over the outlook for energy demand. Prices rose a day after Trump wrote in a tweet late ... Read More
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