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January NYMEX Natural Gas Futures Contracts Closed at $4.327 on Thursday, December 6th

December 7, 2018
Thursday, December 6th saw the front-month NYMEX Natural Gas Futures Contracts open at $4.366, ten cents below Wednesday’s closing price of $4.469.  Retreating from the intraday high of $4.404 as markets opened, prices fell to the intraday low of $4.271 by 10:20AM only to add twe ... Read More

OPEC announced that it was delaying its decision to cut output until it meets with other producers

December 7, 2018
Recap: The 7.3 million barrel draw in U.S. crude oil inventories did little to prop up prices after OPEC announced that it was delaying its decision to cut output until it meets with other producers on Friday. Adding extra pressure was a statement by the Saudi oil minister, stati ... Read More
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January NYMEX Natural Gas Futures Contracts Closed at $4.469 on Wednesday, December 5th

December 6, 2018
Wednesday, December 5th saw the front-month NYMEX Natural Gas Futures Contracts open at $4.547, nine cents above Tuesday’s closing price of $4.457.  Tallying the intraday high of $4.557 within minutes of opening, following an overnight run up, prices scaled lower throughout the m ... Read More

The Joint Ministerial Monitoring Committee agreed on Wednesday on the need to cut oil production in 2019

December 6, 2018
Recap: Oil prices traded in a choppy fashion ahead of the OPEC meeting which is to take place in Vienna. In a continuation of Tuesday’s late sell off, oil prices traded lower at the onset of Wednesday’s session, with January WTI falling as much as 2%, hitting a low of $52.16, whi ... Read More
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January NYMEX Natural Gas Futures Contracts Closed at $4.457 on Tuesday, December 4th

December 5, 2018
Tuesday, December 4th saw the front-month NYMEX Natural Gas Futures Contracts open at $4.561, roughly twenty-two cents above Monday’s closing price of $4.339.  Bounding upward overnight in response to uncertainty surrounding December’s forecast, the contract rose to the intraday ... Read More

Traders continue to weigh in on the December 6th OPEC Meeting between major oil producers

December 5, 2018
Recap: Oil prices opened the session trading above unchanged in what was another unstable session, as traders continued to weigh in on the December 6 OPEC meeting between major oil producers. Expectations that there will be mild production cuts pushed January WTI to a high of $54 ... Read More
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January NYMEX Natural Gas Futures Contracts Closed at $4.339 on Monday, December 3rd

December 4, 2018
Monday, December 3rd saw the front-month NYMEX Natural Gas Futures Contracts open at $4.297, nearly thirty-two cents below Friday’s closing price of $4.612.  Facing significantly diminished prices as pre-market trading began Monday morning, traders continued to gauge the possibil ... Read More

Oil prices climbed more than 3% on Monday

December 4, 2018
Recap: Oil prices climbed more than 3% on Monday after the U.S. and China settled a 3-month trade dispute, while OPEC appears ready to cut back on output and Canada’s Alberta province reduced its production. While crude oil was not part of the trade equation, the tempering trade ... Read More
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January NYMEX Natural Gas Futures Contracts Closed at $4.612 on Friday, November 30th

December 3, 2018
Friday, November 30th saw the front-month NYMEX Natural Gas Futures Contracts open at $4.567, eight cents below Thursday’s closing price of $4.646.  Starting the session on a downbeat, prices trailed gradually lower through the morning until marking the intraday low of $4.473 sho ... Read More

Oil prices were weighed down by overflowing inventories on Friday

December 3, 2018
Recap: Oil prices fell further on Friday, weighed down by overflowing inventories, ahead of the upcoming OPEC meeting. November was the weakest month in ten years for oil prices, falling more than 20%, as global supplies overshadowed demand. Oil prices traded lower on the initial ... Read More
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