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September NYMEX Natural Gas Futures Contracts Closed at $2.917 on Friday, August 24th

August 27, 2018
Friday, August 24th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.954, a penny below Thursday’s closing price of $2.964.  Rising to an intraday high of $2.962, the contract soon lost its footing and tumbled lower through the morning.  Crossing midday $2.933 t ... Read More

There was a cut of 9 U.S. drilling oil rigs in the week ending August 24th

August 27, 2018
Recap: Oil prices continued to forge ahead Friday on reports China will resume the purchase of U.S. crude oil in October, and on heightened concern U.S. sanctions against Iran could lead to supply shortages. Adding to the higher move was a cut in U.S. oil drilling rigs, which fel ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.964 on Thursday, August 23rd

August 24, 2018
Thursday, August 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.941, nearly two cents below Wednesday’s closing price of $2.956.  Seeking direction as prices seesawed within a one-cent range of $2.945 through 10:30AM, the contract spiked as high as $2.966 ... Read More

Trade tensions between China and the U.S. pressured commodities across the board

August 24, 2018
Recap: Oil prices fell from a 2-week high, as escalating trade tensions between China and the U.S. pressured commodities across the board. The commencement of the tariffs is expected to hamper demand for oil, which overturned the bullish reaction to this week’s U.S. inventory rep ... Read More
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Prices were spurred higher by the 5.8 million barrel draw in U.S. crude oil inventories

August 23, 2018
Recap: Oil prices climbed 3% on Wednesday, with WTI experiencing its largest one day gain in almost two-months, while Brent rose to its highest level in two-weeks. Prices were spurred higher by the larger than expected 5.8 million barrel draw in U.S. crude oil inventories. Expect ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.956 on Wednesday, August 22nd

August 23, 2018
Wednesday, August 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.974, slightly below Tuesday’s closing price of $2.980.  Coming off Tuesday’s near two-month high, prices fluctuated along the $2.97 level through 10:30AM, hitting an intraday high of $2.976 ... Read More

Oil prices were pushed higher due to concerns over supplies and a weak dollar

August 22, 2018
Recap: Concerns about tightness in supplies combined with a weak dollar pushed oil prices higher on Tuesday, making this the fourth straight session prices rose. Despite the lack of fresh fundamentals, oil prices continue to experience volatility, as rhetoric over global trade wa ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.980 on Tuesday, August 21st

August 22, 2018
Tuesday, August 21st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.971, three cents above Monday’s closing price of $2.941.  Responding to updated forecasts for increased demand to close out the month of August, the possibility of entering the heating season ... Read More

Concerns shifted away from trade wars between China and the U.S. to possible U.S. sanctions against Iran

August 21, 2018
Recap: Oil prices rose on Monday, stemming three weeks of losses, as concern shifted away from trade wars between China and the U.S. to possible U.S. sanctions against Iran. The focus is now on supply shortages rather than economic growth, which is expected to slow due to the tra ... Read More
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September NYMEX Natural Gas Futures Contracts Closed at $2.941 on Monday, August 20t

August 21, 2018
Monday, August 20th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.921, nearly three cents below Friday’s closing price of $2.946.  Mimicking Friday’s opening, prices fell to the intraday low of $2.919 early yesterday morning before ascending to the intraday h ... Read More
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