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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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September NYMEX Natural Gas Futures Contract Closed at $2.202 on Tuesday, August 27th

August 28, 2019
Tuesday, August 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.208, two cents below Monday’s closing price of $2.230. Falling to an intraday low of $2.175 by 9:10AM, prices were able to reclaim the $2.20 level by 10:00AM and traded along this mark for the ... Read More

Losses were limited by growing hopes that the U.S. and China could meet a trade deal that would be satisfactory to both countries

August 27, 2019
Recap:  Oil prices gave up early gains to trade mostly lower on Monday after France’s president boosted hopes that a deal between the U.S. and Iran could be struck however; losses were limited by growing hopes that the U.S. and China could meet a trade deal that would be satisfac ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.230 on Monday, August 26th

August 27, 2019
Monday, August 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.191, four cents above Friday’s closing price of $2.152. Rising from an intraday low of $2.190 soon after the opening bell, the contract jumped to the $2.21 level where it leveled off and persist ... Read More

China announced plans for retaliatory import tariffs on about $75 billion worth of U.S. goods

August 26, 2019
Recap: Oil prices fell on Friday after China announced plans for retaliatory import tariffs on about $75 billion worth of U.S. goods, including crude oil. This put U.S. oil prices on a path toward the year’s lows near $50 a barrel. The U.S. benchmark was hit the hardest, with Oct ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.152 on Friday, August 23rd

August 26, 2019
Friday, August 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.128, three cents below Thursday’s closing price of $2.159.  Rising from an intraday low of $2.120 soon after markets opened, prices rose in the following ninety minutes to tally an intraday of $ ... Read More

September NYMEX Natural Gas Futures Contract Closed at $2.159 on Thursday, August 22nd

August 23, 2019
Thursday, August 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.176, just above Wednesday’s closing price of $2.170. Fluctuating along either side of $2.175 through 10:30AM, prices jumped to an intraday high of $2.195 as the storage injection came in on th ... Read More

The EIA report showed a 2.7 million barrel decrease

August 23, 2019
Recap: Oil prices weakened on Thursday, pressured by worries about the global economy and lower equity markets, as uncertainty over the outlook for U.S. interest rate cuts left investors on edge. Traders were still focused on the EIA report released Wednesday, which showed a 2.7 ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.170 on Wednesday, August 21st

August 22, 2019
Wednesday, August 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.215, nearly even with Tuesday’s closing price of $2.218.  Recording an intraday high of $2.216 as markets opened prices then trended lower into the morning until reaching $2.165 at 11:30AM.  ... Read More
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