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IEA raised its forecast for non-OPEC production, which put pressure on oil prices early in the session

February 14, 2018
Recap: Citing ever mounting U.S. shale production, the IEA raised its forecast for non-OPEC production, which in turn put pressure on oil prices early in the session. March WTI fell as much as 1.5%, while April Brent dipped as much as 1.3% during the trading session. Weakness in ... Read More
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March NYMEX Natural Gas Futures Contracts Closed at $2.594 on Tuesday, February 13th

February 14, 2018
Tuesday, February 13th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.611, six cents above Monday’s closing price of $2.552.  With little to no support from market fundamentals, traders found value in the recently diminished contract overnight and buoyed its g ... Read More

March NYMEX Natural Gas Futures Contracts Closed at $2.552 on Monday, February 12th

February 13, 2018
Monday, February 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.550, three cents below Friday’s closing price of $2.584.  Continuing last week’s downward trend in pre-market trading, the contract stabilized as markets opened and even managed to post modes ... Read More

Oil prices rebounded along with global equities

February 13, 2018
Recap: Oil prices rebounded along with global equities, which, last week, experienced their largest decline in two years. The rebound came as the dollar weakened and after OPEC raised its oil demand forecast. March WTI briefly climbed back over $60 a barrel, but stopped short of ... Read More
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March NYMEX Natural Gas Futures Contracts Closed at $2.584 on Friday, February 9th

February 12, 2018
Friday, February 9th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.645, five cents below Thursday’s closing price of $2.697.  With forecasts calling for above-average temperatures to settle in over the next 6-10 days, overnight selling persisted into the morn ... Read More

Ramped up operations on the North Sea pipeline and a jump in the US oil rig count have further fueled the recent freefall in oil prices

February 12, 2018
Recap:  Oil prices fell to their lowest level since December, with March WTI falling as much as 5% on the day, reaching a low of $58.07, and April Brent slipping as much as 3.1% to a daily low of $61.77. The recent freefall in prices, which was fostered by healthy U.S. production ... Read More
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March NYMEX Natural Gas Futures Contracts Closed at $2.697 on Thursday, February 8th

February 9, 2018
Thursday, February 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.726, two cents above Wednesday’s closing price of $2.702.  Managing a modest ascent to the $2.74 mark in the day’s opening ninety minutes, a brief uptick to the intraday high of $2.758 as th ... Read More

Rising U.S. production continued to pressure oil prices

February 9, 2018
Recap: Rising U.S. production continued to pressure oil prices, pushing both blends to their lowest level in six weeks and their fifth straight session of losses. After a brief stint above unchanged, March WTI slipped as much as 1.1%, while Brent slipped 1.2%. An attempt to sever ... Read More
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EIA report indicated US crude oil stockpiles increased by 1.9 million barrels

February 8, 2018
Recap: Oil prices rescinded early gains after the EIA report indicated U.S. crude oil stockpiles increased by 1.9 million barrels, as opposed to the 1.1 million barrel decline reported by the American Petroleum Institute. April Brent was trading close to $68 a barrel, while March ... Read More
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March NYMEX Natural Gas Futures Contracts Closed at $2.702 on Wednesday, February 7th

February 8, 2018
Wednesday, February 7th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.752, slightly below Tuesday’s closing price of $2.759.  Recording the intraday high as markets opened, bearish sentiment has dominated the market in recent trading sessions as mild weather ... Read More
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