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June NYMEX Natural Gas Futures Contract Closed at $1.830 on Tuesday, May 19th

May 20, 2020
Tuesday, May 19th saw the front-month NYMEX Natural Gas Futures Contract open at $1.837, five cents above Monday’s closing price of $1.783.  Volatile trading took hold throughout the morning, balancing along $1.830 before ultimately slipping to an intraday low of $1.800 at 11:30A ... Read More

Oil prices gained early in the session due to production cuts and signs of increasing demand

May 20, 2020
Recap: WTI settled higher on Tuesday as the June contract expired, with prices getting a boost from global production cuts, as demand improves. Oil prices gained early in the session due to production cuts and signs of increasing demand, however, a pullback ensued as a U.S. Senat ... Read More
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Crude oil prices surged to a two-month high on Monday

May 19, 2020
Recap: Crude oil prices surged to a two-month high on Monday, with June WTI trading at a high of $33.32, the highest level a spot contract traded since March 16. The rally was fueled by positive results for a Covid-19 vaccine, while major producers continue to hold back on output ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $1.783 on Monday, May 18th

May 19, 2020
Monday, May 18th saw the front-month NYMEX Natural Gas Futures Contract open at $1.742, nearly ten cents above Friday’s closing price of $1.646.  Tallying an intraday low of $1.741 as markets opened, the contract quickly surged higher to break above $1.800 by 10:00AM and $1.840 a ... Read More

The number of US oil and natural gas rigs operating fell to an all-time low for a second consecutive week

May 18, 2020
Recap: WTI traded higher on Friday, following through to the upside after yesterday’s strong gains, as data showed demand for crude picking up in China after the easing of curbs to stem the coronavirus outbreak, boosting hopes that the global supply overhang may start to fade. Ju ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $1.681 on Thursday, May 14th

May 15, 2020
Thursday, May 14th saw the front-month NYMEX Natural Gas Futures Contract open at $1.631, nearly two cents above Wednesday’s closing price of $1.616.  Slipping to an intraday low of $1.617 within minutes of 9:00AM, the contract soon rallied to reach $1.660 at 10:20AM, and continu ... Read More

WTI rose to its highest level in six weeks

May 15, 2020
Recap: WTI rose to its highest level in six weeks, on the back of recent pledges by OPEC and its allies to cut output, a surprise fall in U.S. crude oil stockpiles and as the IEA pointed to a tightening of supplies. Oil prices have been rising in recent days in response to Saudi ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $1.616 on Wednesday, May 13th

May 14, 2020
Wednesday, May 13th saw the front-month NYMEX Natural Gas Futures Contract open at $1.716, just below Tuesday’s closing price of $1.720.  Reaching an intraday high of $1.726 within minutes of the opening bell, momentum turned bearish once again as a year-over-year decline in usag ... Read More

Prices fell as much as 3% on Wednesday

May 14, 2020
Recap: Oil futures slipped on Wednesday after failing to find support despite the surprise drop in U.S. crude oil stockpiles. Price fell as much as 3% as markets were also affected by the U.S. Federal Reserve Chairman warning that economic recovery from the coronavirus pandemic w ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $1.720 on Tuesday, May 12th

May 13, 2020
Tuesday, May 12th saw the front-month NYMEX Natural Gas Futures Contract open at $1.777, five cents below Monday’s closing price of $1.826.  Climbing to an intraday high of $1.801 by 9:40AM, the contract soon trended lower to settle in near $1.760 at 11:00AM.  Updated forecasts a ... Read More
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