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Drillers cut 11 oil rigs in the week ending January 10th bringing the total count down to 659

January 13, 2020
Recap: The oil market posted an inside trading day on Friday after failing to breach Thursday’s trading range.  The market opened slightly higher and traded to a high of $59.78 early in the morning.  However, the oil market continued to erase its gains and posted a low of $58.85 ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.202 on Friday, January 10th

January 13, 2020
Friday, January 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.193, three cents above Thursday’s closing price of $2.166.  Rallying from the intraday low of $2.192 soon after the opening bell, the contract posted a steady ascent into the day as forecasts f ... Read More

February NYMEX Natural Gas Futures Contract Closed at $2.166 on Thursday, January 9th

January 10, 2020
Thursday, January 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.123, two cents below Wednesday’s closing price of $2.141.  Trading alongside $2.135 through 10:00AM, prices then shed a penny as the weekly storage report approached.  Sinking to a five-month ... Read More

The oil market on Thursday sold off further, adding to the losses posted on Wednesday

January 10, 2020
Recap: The oil market on Thursday sold off further, adding to the losses posted on Wednesday on the back of increasing US crude stocks and easing fears of an escalation on conflict between the US and Iran.  The market seemed ready to post an inside trading day as it traded mostly ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.141 on Wednesday, January 8th

January 9, 2020
Wednesday, January 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.174, a penny above Tuesday’s closing price of $2.162.  Falling from an intraday high of $2.176 soon after markets opened, prices slid throughout the morning until bottoming out at an intraday ... Read More

The crude market sold off from a high not seen since late April

January 9, 2020
Recap: The crude market sold off from a high not seen since late April in early trading on Wednesday after an Iranian ballistic missile attack on US-led forces in Iraq had no impact on oil infrastructure or crude flows.  The crude market posted a high of $65.65, a level not seen ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.162 on Tuesday, January 7th

January 8, 2020
Tuesday, January 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.139, just above Monday’s closing price of $2.135.  Shedding two cents early on, the contract maintained a steady climb throughout the day to cross midday near $2.157 and reach an intraday high ... Read More

Oil prices slipped about 1% on Tuesday

January 8, 2020
Recap: Oil prices slipped about 1% on Tuesday, giving back gains made over the last three sessions, as traders weighed in on what impact, if any, the U.S. drone strike in Iran would have on crude oil supplies. After gapping lower on the opening, both WTI and Brent made a failed a ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.135 on Monday, January 6th

January 7, 2020
Monday, January 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.151, two cents above Friday’s closing price of $2.130.  Climbing to an intraday high of $2.160 by 9:30AM, a steady selloff then took hold to drive prices to the intraday low of $2.113 at 11:00AM ... Read More

WTI traded at its highest level since early May

January 7, 2020
Recap: Oil prices added to the more than 3% gain from the previous week, with WTI trading at its highest level since early May. Prices were boosted by the U.S. airstrike last week that killed a top ranking Iranian military commander, which raised concern over global supplies. Feb ... Read More
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