COVID-19 Response
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June NYMEX Natural Gas Futures Contract Closed at $2.967 on Tuesday, May 4th

May 5, 2021
Tuesday, May 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.993, three cents above Monday’s closing price of $2.966.  Recording an intraday high of $2.995 within minutes of the opening bell, prices then retreated to record an intraday low of $2.932 at 10:20 ... Read More

The API reported a 7.7 million barrel draw in U.S. crude oil inventories

May 5, 2021
Recap: Oil prices added to their gains on Tuesday, as more states in the U.S. eased COVID19 restrictions, and as the European Union plans to allow foreign visitors who have been vaccinated to travel to its countries. Gasoline futures jumped more than 2.8%, reaching its highest le ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.966 on Monday, May 3rd

May 4, 2021
Monday, May 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.908, two cents below Friday’s closing price of $2.931.  Marking the intraday low of $2.902 soon after the opening bell, prices rose to an intraday high of $2.974 at 10:10AM.  Trading along either si ... Read More

Oil prices flipped back and forth between losses and gains before gathering enough momentum to break to the upside

May 4, 2021
Recap: Oil futures rebounded on Monday, as traders became more confident that an economic recovery in the U.S. and China would overshadow falling demand out of India, as that country continues to deal with record-breaking infection rates of COVID19. Oil prices flipped back and fo ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.931 on Friday, April 30th

May 3, 2021
Friday, April 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.942, three cents above Thursday’s closing price of $2.911.  Tallying an intraday high of $2.962 at 9:20AM and an intraday low of $2.924 thirty minutes later, prices traded sideways for the majori ... Read More

Oil prices fell from six week high after Japanese import data was released

May 3, 2021
Recap:  Oil prices were bumped off of a six week high after Japanese import data and the increasing number of COVID-19 cases in India scared traders out of long positions. Oil prices gained on optimistic reports from major investment banks, but less optimistic overseas economic d ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.911 on Thursday, April 29th

April 30, 2021
Thursday, April 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.947, a penny below Wednesday’s closing price of $2.960.  Climbing to an intraday high of $2.971 by 9:10AM, the contract then withdrew to trade near $2.945 leading up to the weekly storage publi ... Read More

Oil futures rose to their highest level in six-weeks

April 30, 2021
Recap: Oil futures rose to their highest level in six-weeks as U.S. data showed a strong first quarter increase in economic growth, boosting expectations for energy demand despite India’s battel against the spread of COVID-19. According to economic data, the U.S. GDP rose 6.4% on ... Read More
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EIA reported a modest weekly build in U.S. crude oil inventories and gasoline supplies

April 29, 2021
Recap: Oil futures rose to the highest level in six weeks, extending early gains after the EIA reported a modest weekly build in U.S. crude oil inventories and gasoline supplies, along with data showing a significant rise in implied demand for gasoline from a year ago. Prices als ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.960 on Wednesday, April 28th

April 29, 2021
Wednesday, April 28th – settlement day for the May contract — saw the front-month NYMEX Natural Gas Futures Contract open at $2.905, three cents above Tuesday’s closing price of $2.873.  Trading within a tight band near $2.910, May settled higher at $2.925.  The more actively tra ... Read More
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