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Oil prices were supported by tensions in the Middle East and last week's EIA report

July 29, 2019
Recap: Oil prices were pushed higher on Friday, supported by tensions in the Middle East and last week’s EIA report, which indicated U.S. crude oil inventories decreased by 10.4 million barrels during the week ending 7/19/19. Trading was a bit choppy throughout the session, with ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $2.244 on Thursday, July 25th

July 26, 2019
Thursday, July 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.240, two cents above Wednesday’s closing price of $2.220.  Rising to an intraday high of $2.261 by 9:50AM, prices stabilized near this mark until the weekly storage report was published forty mi ... Read More

Oil prices pared losses from Thursday's session

July 26, 2019
Recap: On Thursday, oil prices pared losses from the previous session, amid rising tensions in the Middle East, but gains were limited by concern over a slowing global economy and its impact on demand. September WTI added $1.11, or 2%, to reach a session high of $56.99 a barrel b ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $2.220 on Wednesday, July 24th

July 25, 2019
Wednesday, July 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.265, more than three cents below Tuesday’s closing price of $2.300.  Tallying an intraday high of $2.271 within minutes of opening, the contract slid decidedly lower through the morning until f ... Read More

There was a 10.8 million barrel draw in U.S. crude oil inventories

July 25, 2019
Recap: Crude oil prices struggled to find momentum on Wednesday despite the 10.8 million barrel draw in U.S. crude oil inventories. Analysts expected a decrease of 4 million barrels. September WTI rose 84 cents, or 1.5%, to a high of $57.64 a barrel by 10:40 am EST, while Septemb ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $2.300 on Tuesday, July 23rd

July 24, 2019
Tuesday, July 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.299, a penny below Monday’s closing price of $2.312.  In an uneventful session, prices traded within a three-cent band all day.  Falling to the intraday low of $2.291 by 10:30AM, a balanced rise ... Read More

This weeks API and EIA reports are expected to show a 3.4 million barrel decline in U.S. crude oil inventories

July 24, 2019
Recap: Oil prices have been swinging higher and lower depending on shifting sentiment between the US and Iran as well as from the US-China trade negotiations. On Tuesday, the International Monetary Fund cut its forecast for global growth, warning that further U.S.-China tariffs o ... Read More
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August NYMEX Natural Gas Futures Contract closed at $2.312 on Monday, July 22nd

July 23, 2019
Monday, July 22nd saw the front-month NYMEX Natural Gas Futures Contract open at 2.278, nearly three cents above Friday’s closing price of $2.251.  Touching down to the intraday low of $2.265 as markets opened, prices got a bullish start to the day, reaching above $2.300 by 10:00 ... Read More

Oil prices rose on Monday, as tensions in the Middle East escalated

July 23, 2019
Recap: Oil prices rose on Monday, as tensions in the Middle East escalated with the seizure of a British tanker by Iran’s Revolutionary Guards. Despite the heightened tensions, rising U.S. production and worries over weak global demand have worked to keep a cap on prices, as the ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $2.251 on Friday, July 19th

July 22, 2019
Friday, July 19th saw the front-month NYMEX Natural Gas Futures Contract open at 2.291, just above Thursday’s closing price of $2.287.  Peaking at the intraday high of $2.292 within minutes of the opening bell, traders were quick to resume the previous day’s sell off as strong pr ... Read More
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