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The IEA reported that it expects the world's demand for oil to increase by 1.5 million bpd in 2018

April 16, 2018
Recap: Following Thursday’s inside trading, the oil market on Friday traded higher ahead of the weekend.  The market opened 11 cents higher at $67.18 and traded mostly sideways before it breached its previous highs and rallied to a high of $67.76 in overnight trading.  The market ... Read More
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May NYMEX Natural Gas Futures Contracts Closed at $2.686 on Thursday, April 12th

April 13, 2018
Thursday, April 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.693, nearly two cents above Wednesday’s closing price of $2.675.  Climbing initially to the intraday high of $2.698 as markets opened, prices quickly dwindled downward to mark the intraday low ... Read More

The crude oil market remained near its highs last seen in December 2014

April 13, 2018
Recap: The crude oil market posted an inside trading day, but remained near its highs last seen in December 2014 on geopolitical risks.  The market was supported by worries over military escalation in Syria, amid reports of potential action by Western countries in Syria, while Pr ... Read More
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EIA report showed an increase in US oil production to a new record level of 10.525 million bpd

April 12, 2018
Recap: The oil market continued to trend higher on Wednesday and traded to its highest level since late 2014 amid rising tensions in the Middle East.  The market opened up 8 cents at $65.59 and posted a low of $65.15 as it gave up some of Tuesday’s sharp gains.  However, the mark ... Read More
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May NYMEX Natural Gas Futures Contracts Closed at $2.656 on Tuesday, April 10th

April 11, 2018
Tuesday, April 10th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.668, roughly two cents below Monday’s closing price of $2.693.  Tumbling to the intraday low of $2.643 soon after markets opened, the contract soon recovered, but only to plot a gradually downw ... Read More

The crude market breached its previous highs and extended Monday’s gains

April 11, 2018
Recap: The oil market opened 12 cents lower at $63.30 as it retraced some of Monday’s sharp gains.  The market posted a low of $63.20 but quickly bounced off that level and never looked back.  The crude market breached its previous highs and extended Monday’s gains as investors b ... Read More
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May NYMEX Natural Gas Futures Contracts Closed at $2.693 on Monday, April 9th

April 10, 2018
Monday, April 9th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.685, roughly two cents below Friday’s closing price of $2.701.  Rising modestly near $2.700 through 9:30AM, the contract soon faltered to reach the intraday low of $2.640 twenty minutes later.  A ... Read More

The market was well supported by a rebound in the stock market as concerns over a trade war between the US and China eased

April 10, 2018
Recap: The crude market on Monday posted an inside trading day as it retraced Friday’s losses. The market was well supported by a rebound in the stock market as concerns over a trade war between the US and China eased.  Trump administration officials said over the weekend that th ... Read More
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May NYMEX Natural Gas Futures Contracts Closed at $2.701 on Friday, April 6th

April 9, 2018
Friday, April 6th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.708, three cents above Thursday’s closing price of $2.675.  Tallying the respective intraday high and low of $2.712 and $2.688 within the session’s opening minutes, prices continued to receive su ... Read More

The market was pressured due to the threat of new tariffs on imports from China

April 9, 2018
Recap: The oil market opened 16 cents higher and quickly posted a high of $63.79 on the opening before the market erased its gains and traded lower.  The market was once again pressured after threat of new tariffs on China reignited fears of a trade war between the US and China.  ... Read More
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