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Oil prices seesawed on Monday morning

April 14, 2020
Recap: Oil prices seesawed on Monday morning, as an underwhelming OPEC production deal over the weekend was overshadowed by two tweets from President Donald Trump saying that production cuts would be much deeper. May WTI futures rose, then fell and then rose again after Trump’s t ... Read More
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Traders reacted to the disappointing OPEC+ production cuts

April 13, 2020
Recap: Oil prices turned lower on Thursday, retracing early gains of 13%, as traders reacted to the disappointing OPEC+ production cuts put forth at a time when demand is plummeting due to the coronavirus pandemic. The cuts, 10 million barrels per day for May and June, 8 million ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.733 on Thursday, April 9th

April 10, 2020
Thursday, April 9th saw the front-month NYMEX Natural Gas Futures Contract open at $1.767, nearly two cents below Wednesday’s closing price of $1.783.  Ascending through the initial forty minutes of the day to peak above $1.795, prices fell below $1.760 as the weekly storage publ ... Read More

Crude oil inventories rose by a record 15.2 million barrels

April 9, 2020
Recap: Oil prices pared early gains of more than 10%, with Brent briefly trading in negative territory after the EIA released an overwhelmingly bearish U.S. inventory report. Crude oil inventories rose by a record 15.2 million barrels, even as production was cut by 600,000 barrel ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.783 on Wednesday, April 8th

April 9, 2020
Wednesday, April 8th saw the front-month NYMEX Natural Gas Futures Contract open at $1.842, a penny below Tuesday’s closing price of $1.852.  Continuing the three-day rally early on, prices rose to an intraday high of $1.886 at 9:40AM.  Trending lower from there, traders then pul ... Read More

May NYMEX Natural Gas MarketWatch 04.08.20

April 8, 2020
Tuesday, April 7th saw the front-month NYMEX Natural Gas Futures Contract open at $1.798, nearly seven cents above Monday’s closing price of $1.731.  Slipping to an intraday low of $1.785 out of the gate, prices then mounted a staggered ascent that would span into the afternoon.  ... Read More

The EIA lowered its 2020 forecast for WTI and Brent prices

April 8, 2020
Recap: Oil futures gave up early gains on Tuesday to settle lower, pressured after the EIA lowered its 2020 forecast for WTI and Brent prices and its outlook for domestic production for this year and next. The government agency cut its expectations for 2020 U.S. crude production ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.731 on Monday, April 6th

April 7, 2020
Monday, April 6th saw the front-month NYMEX Natural Gas Futures Contract open at $1.666, four cents above Friday’s closing price of $1.621.  Continuing Friday’s momentum, prices surged early on to reach $1.710 by 10:00AM and rose to $1.734 ninety minutes later.  With many theorie ... Read More

WTI fell for the first time in 3 sessions

April 7, 2020
Recap: WTI fell for the first time in 3 sessions after a meeting by key producers was pushed back to Thursday, contributing to uncertainty in the market, as traders await news of potential crude production cuts OPEC+ was slated to meet on Monday in an effort to resolve the growin ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.621 on Friday, April 3rd

April 6, 2020
Friday, April 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.550, nearly even to Thursday’s closing price of $1.552.  Recording an intraday low of $1.534 soon after 9:00AM, prices soon found upward momentum.  Possible fueled by short covering, or mimicking ... Read More
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