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October NYMEX Natural Gas Futures Contract Closed at $2.445 on Wednesday, September 4th

September 5, 2019
Wednesday, September 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.384, nearly three cents above Tuesday’s closing price of $2.358.  Searching for direction through 10:00AM as prices traded between an intraday low of $2.370 and $2.400, markets then built e ... Read More

WTI posted its largest daily percentage gain since July

September 5, 2019
Recap: Oil prices turned to the upside on Wednesday, dragged higher by a rise in global stocks after it was reported that China’s service sector expanded at its fastest pace in three months in August. Adding to the higher move were expectations that U.S. crude oil inventories fel ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.358 on Tuesday, September 3rd

September 4, 2019
Tuesday, September 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.300, nearly two cents above Friday’s closing price of $2.285.  Ascending from an intraday low of $2.297 soon after 9:00AM, prices were quick to jump above $2.350 in the following thirty minut ... Read More

Oil prices fell as much as 4%

September 4, 2019
Recap: Oil prices fell sharply on Tuesday as an increase in tariffs on Chinese and American imports took hold this weekend, heightening fears about a global recession and as data showed U.S. manufacturing shrank in August for the first time in three years. Oil prices fell as much ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.285 on Friday, August 30th

September 3, 2019
Friday, August 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.267, three cents below Thursday’s closing price of $2.296.  Falling to an intraday low of $2.257 within minutes of the opening bell, prices rose in the following forty minutes to reach an intrad ... Read More

WTI fell almost 4% ahead of a hurricane near the Florida coast

September 3, 2019
Recap: Oil prices eased on Friday, with WTI falling almost 4% ahead of a hurricane near the Florida coast that could dampen demand, but prices were still headed for the biggest weekly increase since early July, boosted by an easing of U.S.-China trade rhetoric. Adding to the pres ... Read More
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There was an unexpected large drop in U.S. crude oil inventories

August 30, 2019
Recap: WTI rose by almost 2% on Thursday, adding to gains posted the previous session after the unexpected large drop in U.S. crude oil inventories, and as China’s commerce ministry quelled worries over the escalating U.S. – China trade war, as traders kept their eyes on Hurrican ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.222 on Wednesday, August 28th

August 29, 2019
On Wednesday, August 28th – settlement day for the September contract – the front-month NYMEX Natural Gas Futures Contract opened at $2.235, three cents above Tuesday’s closing price of $2.202. Jumping to the $2.27 level within minutes of opening, the contract managed a staggered ... Read More

Oil prices rose after EIA inventory report showed a significant drop in crude oil stockpiles

August 29, 2019
Recap: Oil prices rocketed more than 3% on Wednesday after the EIA inventory report indicated that U.S. crude oil stockpiles fell by 10 million barrels during the week ending August 23. Analysts were expecting a drop of 2.1 million barrels. October WTI rose to a session high of $ ... Read More
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Both WTI and Brent opened the session trading higher on the day

August 28, 2019
Recap: Oil prices rebounded on Tuesday, finding support on calming U.S.-China trade-war fears and as prospects for a deal that would allow Iran to resume some of its crude exports appeared to dim. Both WTI and Brent opened the session trading higher on the day and continued to cl ... Read More
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