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September NYMEX Natural Gas Futures Contracts Closed at $2.949 on Wednesday, August 8th

August 9, 2018
Wednesday, August 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.910, a penny above Tuesday’s closing price of $2.897.  Surging upward as today’s storage report and short-term above average temperatures continue to support bullish sentiment, prices eclipse ... Read More

Crude oil prices posted moderate gains following a reduction in Saudi production

August 8, 2018
Recap: Crude oil prices posted moderate gains following a reduction in Saudi production and fear that U.S. sanctions against Iran could lead to supply shortfalls. September WTI climbed back toward $70 a barrel, but for the second straight session lacked enough strength to surpass ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.897 on Tuesday, August 7th

August 8, 2018
Tuesday, August 7th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.879, two cents above Monday’s closing price of $2.860.  Adding to Monday’s gains, an early jump above $2.890 by 9:30AM then saw prices step hesitantly higher through the day.  Backed by concern ... Read More

An unexpected drop in Saudi crude production lifted oil prices on Monday

August 7, 2018
Recap: An unexpected drop in Saudi crude production lifted oil prices on Monday, taking prices to their highest level in four days. October Brent pushed passed $74.07, the 10-day moving average, to a high of $74.47 a barrel, while September WTI blew passed its 10-day moving avera ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.860 on Monday, August 6th

August 7, 2018
Monday, August 6th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.826, nearly three cents below Friday’s closing price of $2.853.  Ascending to surpass the $2.84 level as markets opened, below-average inventory levels continued to outweigh healthy production.  ... Read More

Oil prices fell from early gains as trade war jitters continue to permeate the marketplace

August 6, 2018
Recap: Oil prices fell from early gains as trade war jitters continue to permeate the marketplace. Traders are left to grapple with the impact such wars can and will have on oil demand and therefore are forced to trade with uncertainty. Prices were also pushed and pulled by a dol ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.853 on Friday, August 3rd

August 6, 2018
Friday, August 3rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.842, nearly three cents above Thursday’s closing price of $2.816.  Riding Thursday’s storage induced wave of buying, traders seemed to be focusing on the above-average temperatures that will cov ... Read More

Genscape report suggested U.S. crude stocks held in Cushing, OK fell 1.1 million barrels since July 27

August 3, 2018
Recap: Oil prices rose for the first time in three sessions as traders reacted to a Genscape report suggesting U.S. crude stocks held in Cushing, OK fell 1.1 million barrels since July 27. Prior to the report, prices were trading at their lowest level in 10 sessions on concerns a ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.816 on Thursday, August 2nd

August 3, 2018
Thursday, August 2nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.758, even to Wednesday’s closing price.  Seesawing along $2.765 through the day’s opening ninety minutes, the contract then surged higher as the less than estimated inventory report was releas ... Read More

EIA reported a 3.8 million barrel build in U.S. crude oil inventories

August 2, 2018
Recap: Oil prices fell on Wednesday after the EIA reported an unexpected 3.8 million barrel build in U.S crude oil inventories. Expectations were calling for a draw of 2.8 million barrels. Prices opened the session trading just below unchanged as traders continued to focus on a t ... Read More
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