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Oil prices closed lower as tensions between US and China heat up

October 9, 2019
Recap:  Oil prices, which received an early boost from unrest in Iraq and Ecuador, turned lower on Tuesday as tensions between the U.S. and China heated up over the last 24 hours, damping trader’s hopes of the two countries reaching a trade accord. WTI for November delivery slipp ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.303 on Monday, October 7th

October 8, 2019
Monday, October 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.307, nearly five cents below Friday’s closing price of $2.352.  Failing to follow through with Friday’s rally, prices fell to an intraday low of $2.291 soon after markets opened.  Finding suppor ... Read More

Oil prices rose on Monday as US and China begin trade talks

October 8, 2019
Recap:  Oil prices rose on Monday, as talks between China and the U.S. are about to get underway and as OPEC's September output posts the biggest month to month drop in 17 years. Traders are prepping for scheduled talks between the U.S. and China set for Thursday, which could hel ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.753 on Tuesday, January 12th

October 7, 2019
Tuesday, January 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.880, thirteen cents above Monday’s closing price of $2.747.  Ascending to a near six-week intraday high of $2.899 soon after the opening bell, the contract trader along either side of $2.850 h ... Read More

November NYMEX Natural Gas Futures Contract Closed at $2.352 on Friday, October 4th

October 7, 2019
Friday, October 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.283, nearly five cents below Thursday’s closing price of $2.329.  Slipping to an intraday low of $2.263 by 9:10AM, markets then surged higher as the contract had become oversold.  Surpassing $2. ... Read More

Oil prices closed lower on Friday, resulting in a second consecutive weekly loss

October 7, 2019
Recap:  Oil prices edged higher on Friday, although remained on track for a second consecutive weekly loss, as an increase in U.S. jobs eased financial market concerns that the slowing economy was on the brink of a recession amid lingering trade tensions. November WTI rose 90 cen ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.329 on Thursday, October 4th

October 4, 2019
Thursday, October 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.264, nearly two cents above Wednesday’s closing price of $2.247.  Withdrawing to $2.235 by 9:10AM, prices floated along this mark into 10:30AM when the larger than expected storage injection w ... Read More

Oil prices fell early on Thursday to their lowest level since early August

October 4, 2019
Recap: Oil prices fell early on Thursday to their lowest level since early August as mounting evidence of a global economic slowdown and rising U.S. oil inventories more than offset all the price gains from last month’s attack on Saudi oil infrastructure. November WTI fell $1.65, ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.247 on Wednesday, October 2nd

October 3, 2019
Wednesday, October 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.299, nearly two cents above Tuesday’s closing price of $2.283.  Tallying an intraday high of $2.301 before 9:30AM, the contract trailed lower once again as short-term weather forecasts aren’t ... Read More

The EIA reported a 3.1 million barrel build in U.S. crude oil inventories

October 3, 2019
Recap: Oil prices fell further on Wednesday after the Energy Information Administration reported a 3.1 million barrel build in U.S. crude oil inventories, a stark contrast to the 5.92 million barrel draw reported by the American Petroleum Institute. Analysts had expected a 1.57 m ... Read More
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