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March NYMEX Natural Gas Futures Contract Closed at $1.829 on Thursday, January 30th

January 31, 2020
On Thursday, January 30th – the March NYMEX Natural Gas Futures Contract began trading as the prompt month. Opening at $1.831, three cents below Wednesday’s closing price of $1.865, prices rose to an intra-day high of $1.866 by 9:40AM. Stabilizing near $1.855 in the hour leading ... Read More

Oil prices fell 3% on Thursday to a fresh three month low

January 31, 2020
Recap: Oil prices fell 3% on Thursday to a fresh three month low on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting. Both WTI and Brent are down approximat ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $1.877 on Wednesday, January 29th

January 30, 2020
Wednesday, January 29th – settlement day for the February Contract – saw the front-month NYMEX Natural Gas Futures Contract open at $1.895, four cents below Tuesday’s closing price of $1.934.  In a light day of trading, the February contract traded along either side of $1.895 for ... Read More

The EIA reported an unexpected 3.5 million barrel increase in U.S. crude oil inventories

January 30, 2020
Recap: Oil prices were mixed on Wednesday with WTI posting losses after the EIA reported an unexpected 3.5 million barrel increase in U.S. crude oil inventories, the largest increase since November. Meanwhile, Brent held on to gains on the back of reported conflicts in the Middle ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $1.934 on Tuesday, January 28th

January 29, 2020
Tuesday, January 28th saw the front-month NYMEX Natural Gas Futures Contract open at $1.925, two cents above Monday’s closing price of $1.902.  Slipping to an intraday low of $1.914 early on, prices rose steadily through the morning hours to peak above $1.950 ahead of midday.  Gi ... Read More

Reports circulated that OPEC and its allies were weighing in on the possibility of deeper output cuts

January 29, 2020
Recap: After dipping by almost 1%, oil prices gained support, as the stock market rebounded and as reports circulated that OPEC and its allies were weighing in on the possibility of deeper output cuts. March WTI rose toward $54.00, to peak the session at $53.92 before trimming ga ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $1.902 on Monday, January 27th

January 28, 2020
Monday, January 27th saw the front-month NYMEX Natural Gas Futures Contract open at $1.963, seven cents above Friday’s closing price of $1.893.  Tallying the intraday high as the opening bell rang, the early morning rally quickly faded, as the market was eager to continue last we ... Read More

Oil futures fell for a fifth straight session on Monday

January 28, 2020
Recap: Both crude benchmarks have slipped to lows not seen since early October, as oil traders closely monitor the outbreak of a deadly pneumonia-like virus. Oil futures fell for a fifth straight session on Monday, as concern over the economic impact of the coronavirus has fed ex ... Read More
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Crude oil prices fell by more than 3% on Friday

January 27, 2020
Recap: Crude oil prices fell by more than 3% on Friday, with Brent heading toward $60.00 a barrel and with WTI breaching the $54.00 level for the first time since November, as concerns that the coronavirus, which is spreading in China, will spread farther, curbing travel and oil ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $1.893 on Friday, January 24th

January 27, 2020
Friday, January 24th saw the front-month NYMEX Natural Gas Futures Contract open at $1.885, four cents below Thursday’s closing price of 1.926.  Declining overnight as bearish fundamentals continue to plague the market, prices rose to an intraday high of $1.912 by 9:40AM.  Fallin ... Read More
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