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November NYMEX Natural Gas Futures Contract Closed at $2.318 on Thursday, October 17th

October 18, 2019
Thursday, October 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.329, two cents above Wednesday’s closing price of $2.303.  Trending higher as markets opened, the contract rose to $2.345 by 10:00AM and traded sideways until the weekly storage publication t ... Read More

The EIA reported a 9.3 million barrel increase in U.S. crude oil inventories

October 18, 2019
Recap: Oil futures traded modestly lower Thursday, pressured after the EIA report revealed that U.S. crude supplies climbed for a fifth straight week, but found some support after news of a tentative Brexit deal offered a lift for assets perceived as risky, including oil. The EIA ... Read More
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Economic concerns and forecasts for increases in U.S. crude oil inventories continued to keep a lid on prices

October 17, 2019
Recap: Oil prices climbed higher on Wednesday, ending two straight sessions of declines on reports that OPEC could vote to further cut output at its December meeting, but economic concerns and forecasts for increases in U.S. crude oil inventories continued to keep a lid on prices ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.303 on Wednesday, October 16th

October 17, 2019
Wednesday, October 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.355, nearly two cents above Tuesday’s closing price of $2.339.  Riding overnight momentum to reach a 10-day intraday high of $2.384 by 9:40AM, prices fell to $2.360 by 10:00AM and continued ... Read More

The International Monetary Fund said it sees global economic growth falling to a 3% rate this year

October 16, 2019
Recap: Oil prices fell for the second straight session after the International Monetary Fund said it sees global economic growth falling to a 3% rate this year, the slowest pace since the 2008 financial crisis and after weak economic data out of China gave rise to concern over en ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.280 on Monday, October 14th

October 15, 2019
Monday, October 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.286, seven cents above Friday’s closing price of $2.214.  Ascending to an intraday high of $2.313 by 9:10AM, prices withdrew sharply into the morning as uncertain forecasts continue to keep tra ... Read More

Oil prices fell as much as 3.5% on Monday

October 15, 2019
Recap: Oil prices fell as much as 3.5% on Monday as the trade deal between the U.S. and China appeared to have taken a setback, as China has reportedly asked for additional talks with the U.S. before signing “phase one” of the trade deal announced on Friday, and as the Internatio ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.214 on Friday, October 11th

October 14, 2019
Friday, October 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.213, just below Thursday’s closing price of $2.218. Tumbling to an intraday low of $2.187 by 9:30AM, prices shot higher in the following ninety minutes to record and intraday high of $2.262.  C ... Read More

Traders responded to reports of an explosion on an Iranian tanker in the Red Sea

October 14, 2019
Recap: Oil prices rose on Friday, stemming four consecutive weeks of losses, as traders responded to reports of an explosion on an Iranian tanker in the Red Sea, while optimism rose surrounding the U.S. – China trade tensions. November WTI rose $1.32 or 2.4% to $54.87 a barrel, w ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.218 on Thursday, October 10th

October 11, 2019
Thursday, October 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.245, a penny above Wednesday’s closing price of $2.234.  Climbing steadily from the opening bell, prices rose to the $2.26 level by 10:30AM.  Initially climbing to an intraday high of $2.274 ... Read More
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