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Oil prices posted sharp gains on Tuesday

June 19, 2019
Recap: Oil prices posted sharp gains on Tuesday after U.S. President Donald Trump announced he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit to be held later this month. The potential for a trade agreement between the two countries pushed Aug ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.386 on Monday, June 17th

June 18, 2019
Monday, June 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.376, a penny below Friday’s closing price of $2.387.  Managing an upward trajectory into the morning hours, prices rose to an intraday high of $2.408 at 11:00AM.  With little change to forecasts, ... Read More

Traders mulled over last week’s decision by the IEA to lower its 2019 forecast for global demand

June 18, 2019
Recap: Oil prices slid on Monday after poor Chinese economic data heightened fears of lower worldwide demand and as traders mulled over last week’s decision by the IEA to lower its 2019 forecast for global demand, making it the second straight month the organization has lowered i ... Read More
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An attack on two tankers in the Gulf of Oman raised concerns about potential supply disruptions

June 17, 2019
Recap: Oil prices posted modest gains on Friday, a day after an attack on two tankers in the Gulf of Oman raised concerns about potential supply disruptions. Gains were kept contained after the IEA cut its global oil demand forecast, while referencing “plentiful” supply to meet g ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.387 on Friday, June 14th

June 17, 2019
Friday, June 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.339, a penny above Thursday’s closing price of $2.325.  Rising from the intraday low of $2.334 soon after the opening bell, prices then gained traction on hopes of increased demand toward the last ... Read More

July NYMEX Natural Gas Futures Contract Closed at $2.325 on Thursday, June 13th

June 14, 2019
Thursday, June 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.369, nearly two cents below Wednesday’s closing price of $2.386.  Fluctuating along either side of $2.360 through 10:30AM, prices momentarily spiked to an intraday high of $2.379 as the weekly s ... Read More

Oil prices surged after apparent attacks on tankers in Gulf of Oman

June 14, 2019
Recap:  Oil prices surged in early trading on Thursday, rebounding from their lowest settlement in about five months after apparent attacks on two tankers in the Gulf of Oman increased tensions in that region, potentially posing a threat to global crude supplies. July WTI rose $2 ... Read More

The EIA report reflected a 2.2 million barrel build in U.S. crude inventories

June 13, 2019
Recap: Oil prices fell sharply on Wednesday, after the EIA report reflected a 2.2 million barrel build in U.S. crude inventories. Analysts were expecting a decrease of 481,000 barrels. Today’s report put U.S. crude oil inventories at their highest level since July of 2017 and abo ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.399 on Tuesday, June 11th

June 12, 2019
Tuesday, June 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.361, slightly above Monday’s closing price of $2.357.  Recording an intraday low of $2.336 by 9:30AM, the contract showed life once again yesterday morning to recover from two-year lows.  With sh ... Read More

The EIA reduced its forecasts for oil prices amid signs of an economic slowdown

June 12, 2019
Recap: It was another choppy day for oil prices, which began the session trading above unchanged, supported by expectations that OPEC and other major producers would extend supply cuts. Prices reversed to the downside as the EIA reduced its forecasts for oil prices amid signs of ... Read More
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