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Oil prices fell as much as 7% on Tuesday

September 18, 2019
Recap: Oil prices fell as much as 7% on Tuesday, following a report that output at Saudi Arabia’s major crude facility, which was hit by a drone attack over the weekend, could resume within weeks, much quicker than originally expected. WTI for October delivery slipped to a low of ... Read More
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A weekend drone attack damaged 2 of Saudi Arabia’s state owned oil facilities

September 17, 2019
Recap: Oil prices spiked on Monday after a weekend drone attack damaged 2 of Saudi Arabia’s state owned oil facilities which account for nearly 10 million barrels of the country’s crude oil production. October WTI gained as much as $8.53, or 15.5%, to trade at a session high of $ ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.681 on Monday, September 16th

September 17, 2019
Monday, September 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.681, seven cents above Friday’s closing price of $2.614.  Driven higher over the weekend in response to the reported drone attacks on Saudi Arabian oil infrastructure, prices fell to $2.655 b ... Read More

October NYMEX Natural Gas Futures Contract Closed at $2.614 on Friday, September 13th

September 16, 2019
Friday, September 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.573, nearly even to Thursday’s closing price of $2.574.  Ascending to $2.594 at 9:30AM only to fall to an intraday low of $2.553 at 10:10AM, prices stabilized along $2.570 through midday and ... Read More

WTI and Brent posted sizable weekly falls

September 16, 2019
Recap: Oil futures finished lower on Friday, with both WTI and Brent posting sizable weekly falls as worries about a slowing global economy amidst the prospect of rising inventories overshadowed hints of progress in the U.S. - China trade dispute. October WTI fell 24 cents, or 0. ... Read More
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A meeting of OPEC and its allies ended without deeper cuts in output

September 13, 2019
Recap: Oil prices ended lower on Thursday, marking the third straight selloff, as a meeting of OPEC and its allies ended without deeper cuts in output, but with a pledge to “clean up compliance” in an effort to lower output by several hundred thousand barrels per day over the nex ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.574 on Thursday, September 12th

September 13, 2019
Thursday, September 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.529, two cents below Wednesday’s closing price of $2.552. Jumping to $2.550 as markets opened only to fall back to $2.535 by 9:30AM, prices floated along this mark until the weekly storage ... Read More

October NYMEX Natural Gas Futures Contract Closed at $2.552 on Wednesday, September 11th

September 12, 2019
Wednesday, September 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.542, four cents below Tuesday’s closing price of $2.580. Searching for direction early on, prices rose above $2.570 before falling to an intraday low of $2.537 at 9:20AM. Posting a stagger ... Read More

Oil prices fell due to a report that President Trump is considering easing sanctions on Iran

September 12, 2019
Recap: Oil prices fell more than 2% on Wednesday after a report that President Trump is considering easing sanctions on Iran, which could increase global crude oil supplies. A weaker demand outlook from OPEC also fed the price decline, despite U.S. government data showing a fourt ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.580 on Tuesday, September 10th

September 11, 2019
Tuesday, September 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.642, six cents above Monday’s closing price of $2.585.  Extending to reach another multi-month intraday high of $2.648 shortly after 9:00AM, the contract soon dwindled lower to stabilize nea ... Read More
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