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April NYMEX Natural Gas Futures Contracts Closed at $1.815 on Monday, March 16th

March 17, 2020
Monday, March 16th saw the front-month NYMEX Natural Gas Futures Contract open at $1.809, six cents below Friday’s closing price of $1.869.  This followed a weekend decline that was likely impacted by fears of lower demand due to schools and businesses shutting down amid coronavi ... Read More

Oil prices picked up tailwinds on Monday

March 17, 2020
Recap: Oil prices picked up tailwinds on Monday, following equities lower after an emergency Federal Reserve interest rate cut did little to quell the panic among investors caused by the rapidly spreading coronavirus. Adding additional pressure is the fact that Saudi Arabia and R ... Read More
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Oil prices posted biggest weekly drop since 2008 after coronavirus outbreak has hit world economy

March 16, 2020
Recap: Oil prices posted their biggest weekly drop since the 2008 global financial crisis after the coronavirus outbreak rocked the world economy while top exporter Saudi Arabia and its allies stepped up plans to flood the market with record levels of supply. Dropping demand and ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $1.841 on Thursday, March 12th

March 13, 2020
Thursday, March 12th saw the front-month NYMEX Natural Gas Futures Contract open at $1.775, ten cents below Wednesday’s closing price of $1.878.  Ascending from an intraday low of $1.774 just after the opening bell, the contract rose to trade within a two-cent range of $1.805 thr ... Read More

Both WTI and Brent suffered a loss of more than 7%

March 13, 2020
Recap: Oil futures finished sharply lower Thursday, with both WTI and Brent suffering a loss of more than 7%, after President Donald Trump imposed restrictions on travel from Europe to the U.S. in an effort to contain the coronavirus pandemic, feeding concerns over the global eco ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $1.878 on Wednesday, March 11th

March 12, 2020
Wednesday, March 10th saw the front-month NYMEX Natural Gas Futures Contract open at $1.936, even with Tuesday’s closing price of $1.936.  Breaking out early on, as those who shorted the market were forced to cover their positions, prices rose to a three-week intraday high of $1. ... Read More

Oil futures ended lower on Wednesday

March 12, 2020
Recap: Oil futures ended lower on Wednesday, pressured by U.S. government data reporting domestic crude supplies rose for a seventh week in a row, and by Saudi Arabia’s move to increase output capacity, as it intensifies a price war with Russia that sent crude prices tumbling to ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $1.936 on Tuesday, March 10th

March 11, 2020
Tuesday, March 10th saw the front-month NYMEX Natural Gas Futures Contract open at $1.849, seven cents above Monday’s closing price of $1.778.  Climbing from an intraday low of $1.834 at 9:10AM, prices rose confidently to reach as high as $1.932 by 10:30AM.  The recent rally can ... Read More

Oil prices jumped by more than 7% on Tuesday

March 11, 2020
Recap: Oil prices jumped by more than 7% on Tuesday, recovering from the biggest rout in nearly 30 years a day earlier, as the possibility of economic stimulus encouraged buying, and Russia signaled that it may yet hold talks with OPEC about cooperation on output cuts. The reboun ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $1.778 on Monday, March 9th

March 10, 2020
Monday, March 9th saw the front-month NYMEX Natural Gas Futures Contract open at $1.653, five cents below Friday’s closing price of $1.708.  Opening at a fresh multi-year intraday low, prices moved dramatically higher to reach $1.746 by 9:20AM as markets expect a reduction to nat ... Read More
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