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Trade tensions between the U.S. and China raised fears of a slowing global economy

August 21, 2019
Recap: Oil futures retreated in early trading on Tuesday, as prices followed lower equity markets. Demand concerns became the focal point of Tuesday’s session, as trade tensions between the U.S. and China raised fears of a slowing global economy. Losses were capped by hopes that ... Read More
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Oil futures rose on Monday following the weekend attack on a Saudi oil facility by Yemen’s Houthi forces

August 20, 2019
Recap: Oil futures rose on Monday following the weekend attack on a Saudi oil facility by Yemen’s Houthi forces and a rally in equities from growing expectations that global economies would take action to counteract slowing global growth. In what was a volatile trading session, a ... Read More
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OPEC lowered its outlook for demand growth due to a slowing global economy

August 19, 2019
Recap: Oil prices rose on Friday, but gains were pared after OPEC lowered its outlook for demand growth due to a slowing global economy. In early morning trading, September WTI gained as much as $1.20, or 2.2% to trade at a session high of $55.67 a barrel, but by 9:10 a.m. EST, t ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.200 on Friday, August 16th

August 19, 2019
Friday, August 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.189, roughly four cents below Thursday’s closing price. Jumping to an intraday high of $2.209 by 9:10AM. Prices then gradually fell to their intraday low of $2.170 at 11:00AM. Recovering from he ... Read More

Oil prices fell as much as 2.4% on Thursday

August 16, 2019
Recap: Oil prices fell as much as 2.4% on Thursday, pressured by growing concerns that a recession is on the horizon amidst U.S-China trade tensions. This follows Wednesday’s 3% drop due to the unexpected build in U.S. crude oil inventories. Uncertainty continues to drive this ma ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.232 on Thursday, August 15th

August 16, 2019
Thursday, August 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.172, nearly three cents higher than Wednesday’s closing price. Soon after open, prices fell to their intraday low of $2.151 at 9:30AM. Upon the release of the storage publication at 10:30AM, p ... Read More

Oil prices slipped on Wednesday due to an unexpected build in U.S. crude inventories

August 15, 2019
Recap: Oil prices slipped as much as 5% on Wednesday after global demand fears were revived by weak economic data from China and Europe and an unexpected build in U.S. crude inventories. September WTI fell as much as $3.13, or 5.4% to trade at $53.97 a barrel, by 1:18 p.m. EST, w ... Read More
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The U.S. said it would suspend imposing a 10% tariff on certain Chinese imports

August 14, 2019
Recap: Oil prices rose by almost 5%, giving up early losses on Tuesday after the U.S. said it would suspend imposing a 10% tariff on certain Chinese imports, easing concerns over a global trade war. September WTI was up $2.49 or 4.3% to $57.42 a barrel by 11:52 a.m. EST, while Oc ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.147 on Tuesday, August 13th

August 14, 2019
Tuesday, August 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.126, just above Monday’s closing price of $2.121. The price quickly moved up, and then down to its intraday low of $2.119 at 10:00AM. The price then rapidly escalated to its intraday high of $2 ... Read More

Saudi Arabia and Kuwait hinted at the possibility of additional output cuts

August 13, 2019
Recap: Oil prices erased early losses on Monday as Saudi Arabia and Kuwait hinted at the possibility of additional output cuts. This pushed fears of a global economic slowdown backstage to lift prices off of their session lows. After falling 96 cents, or 1.7%, September WTI jumpe ... Read More
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