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August NYMEX Natural Gas Futures Contract Closed at $2.408 on Monday, July 15th

July 16, 2019
Monday July 15th saw the front-month NYMEX Natural Gas Futures Contract open at 2.413, four cents below Friday’s closing price of $2.458.  Natural Gas prices moved lower Monday, easing some of the impact Hurricane Barry has had on short-term demand.  Prices steadied after reachin ... Read More

Oil prices turned lower on Monday

July 16, 2019
Recap: Oil prices turned lower on Monday, as the impact of a tropical storm on U.S. Gulf Coast production and refining appeared to be less than expected and on mixed economic data out of China. Hurricane Barry was downgraded to a tropical depression, and as a result, refineries i ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $2.453 on Friday, July 12th

July 15, 2019
Friday July 12th saw the front-month NYMEX Natural Gas Futures Contract open at 2.458, four cents above Thursday’s closing price of $2.416.  Recovering from Thursday’s storage-induced selloff, as the injection came in on the high side of expectations, prices rose to an intraday h ... Read More

The IEA said increasing US oil output will outpace global demand and lead to a large inventory build around the world in the next nine months.

July 15, 2019
Recap: The oil market traded higher but failed to breach its previous high as concerns over a global surplus in the months ahead limited its gains.  The IEA said increasing US oil output will outpace global demand and lead to a large inventory build around the world in the next n ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $2.416 on Thursday, July 11th

July 12, 2019
Thursday July 11th saw the front-month NYMEX Natural Gas Futures Contract open at 2.459, roughly a penny above Wednesday’s closing price of $2.446.  Trading within a penny of $2.470 until 10:30AM when the weekly storage publication was released, a brief jump to the intraday high ... Read More

The oil market continued to trend higher early Thursday ahead of the storm in the Gulf of Mexico

July 12, 2019
Recap: The oil market continued to trend higher early Thursday ahead of the storm in the Gulf of Mexico, with oil producers evacuating and shutting in production.  The crude market rallied to a high of $60.94 in overnight trading before the market eased off as OPEC forecast slowe ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $2.444 on Wednesday, July 10th

July 11, 2019
Wednesday July 10th saw the front-month NYMEX Natural Gas Futures Contract open at 2.439, roughly a penny above Tuesday’s closing price of $2.425.  The contract performed well early, the price steadily increased until peaking at the intraday high of $2.489 at 11:40AM.  Prices des ... Read More

The EIA reported a larger than expected draw in crude stocks of 9.5 million barrels

July 11, 2019
Recap: Oil prices rose on Wednesday in light of the weekly stock reports showing larger than expected draws in crude stocks and reports of major US producers evacuating and shutting in operations in the Gulf of Mexico ahead of a storm.  The crude market opened sharply higher, up ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $2.425 on Tuesday, July 9th

July 10, 2019
Tuesday, July 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.373, three cents below Monday’s closing price of $2.403.  Touching the intraday low of $2.370 shortly after markets opened, the contract mounted a staggered ascent to reclaim overnight losses.  Re ... Read More

Oil prices wavered between gains and losses on Tuesday

July 10, 2019
Recap: Oil prices wavered between gains and losses on Tuesday, as the market weighed concerns over global economic growth against declining production and geopolitical tensions.  Worries about the escalating tensions between the US and Iran provided some support to the market.  T ... Read More
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