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November NYMEX Natural Gas Futures Contract Closed at $2.316 on Thursday, October 24th

October 25, 2019
Thursday, October 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.304, two cents above Wednesday’s closing price of $2.282.  Seesawing along $2.300 through 10:30AM, the contract broke down despite news of the injection coming in on the low side of expectati ... Read More

Oil prices increased for the second straight session on Thursday

October 25, 2019
Recap: The prospect of increased output cuts by OPEC and its allies, along with the unexpected decline in U.S. crude oil inventories pushed oil prices higher for the second straight session on Thursday. December Brent was up 73 cents at $61.90 a barrel by 1:30 p.m. ET, while WTI ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.282 on Wednesday, October 23rd

October 24, 2019
Wednesday, October 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.290, nearly two cents above Tuesday’s closing price of $2.272.  Rising modestly to the intraday high of $2.305 at 9:20AM, prices spent the next ninety minutes stepping lower until reaching t ... Read More

The EIA reported a surprise 1.7 million barrel draw in U.S. crude oil inventories

October 24, 2019
Recap: Oil prices rose to a three week high on Wednesday after the EIA reported a surprise 1.7 million barrel draw in U.S. crude oil inventories and as the prospect of deeper production cuts by OPEC and other major producers grew. Prices bounced off key technical numbers and cont ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.272 on Tuesday, October 22nd

October 23, 2019
Tuesday, October 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.254, nearly two cents above Monday’s closing price of $2.238.  Falling slightly to an intraday low of $2.247 minutes after 9:00AM, prices were quick to move higher to reclaim the previous sess ... Read More

Oil prices bounced due to reports that OPEC and other major producers would consider making additional output cuts when they meet in December

October 23, 2019
Recap: Oil prices bounced on Tuesday on reports that OPEC and other major producers would consider making additional output cuts when they meet in December. Oil had been slightly higher earlier after China signaled progress in trade talks with the United States, but gains were ca ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.238 on Monday, Ocotber 21st

October 22, 2019
Monday, October 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.263, nearly six cents below Friday’s closing price of $2.320.  Trading near $2.300 an hour ahead of 9:00AM, prices then plummeted in the following hour and through the opening bell to record a ... Read More

Oil prices turned lower on Monday on increasing signs that the global economy is weakening

October 22, 2019
Recap: Oil prices, which edged higher in early trading, turned lower on Monday on increasing signs that the global economy is weakening, which would have a negative impact on demand. Prices also slipped on signs that some major producers aren’t adhering to production agreements. ... Read More
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Gains were cut short by reports of slowing economic growth in China

October 21, 2019
Recap: Oil prices firmed early in trading on Friday with support tied to progress toward deals on U.S.-China trade talks and Brexit, as well as a weekly fall in U.S. inventories. November WTI traded at a session high of $54.62 a barrel, a gain of 69 cents, or 1.2%, while December ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.320 on Friday, October 18th

October 21, 2019
Friday, October 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.304, one cent below Thursday’s closing price of $2.318.  Dipping to the intraday low of $2.289 at 9:30AM, prices then rallied higher to surpass $2.335 at 10:10AM.  Supported by cooler shifting ... Read More
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