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Oil traders looked to take advantage of the nearly 5 month low in oil prices

June 5, 2019
Recap: Oil prices rebounded after suffering early losses on Tuesday, ending a four day losing streak. A recovery in equities prompted oil traders into bottom picking mode, as they looked to take advantage of the nearly 5 month low in oil prices. Both Brent and WTI were trading lo ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.403 on Monday, June 3rd

June 4, 2019
Monday, June 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.452, nearly even to Friday’s closing price of $2.454.  Losing support from optimistic bulls, the latest weather forecasts have stripped any hope of recovering from Friday’s sell off.  Tallying an i ... Read More

Saudi Arabia offered some reassurance that OPEC and its allies would continue to tighten the market

June 4, 2019
Recap: The oil market continued on its downward trend and posted a low of $52.11 when the market reopened on Sunday night.  However, the market bounced off its low and retraced its losses after Saudi Arabia offered some reassurance that OPEC and its allies would continue to tight ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.454 on Friday, May 31st

June 3, 2019
Friday, May 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.545, nearly even to Thursday’s closing price of $2.547.  Falling from the intraday high of $2.548 within minutes of the opening bell, the previous session’s bearish injection continued to influence ... Read More

The oil market plunged on Friday to almost a three-month low

June 3, 2019
Recap: The oil market plunged on Friday to almost a three-month low after President Donald Trump, late Thursday, announced a plan to impose a 5% tariff on all goods coming from Mexico starting on June 10th and raise them to 25% over the following four months until illegal immigra ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.547 on Thursday, May 30th

May 31, 2019
On Thursday, May 30th – the July NYMEX Natural Gas Futures Contract began trading as the prompt month.  Opening at $2.587, four cents below Wednesday’s closing price of $2.624, prices slid modestly lower to settle in along $2.580 ahead of 10:30AM.  Plummeting below the $2.54 leve ... Read More

The API report showed a larger than expected draw in crude stocks

May 31, 2019
Recap: The crude market posted an outside trading day after it rallied higher in overnight trading after the API report showed a larger than expected draw in crude stocks late Wednesday afternoon and sold off sharply, ending Thursday’s session at its lowest level since March 8th. ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.663 on Wednesday, May 29th

May 30, 2019
On Wednesday, May 29th – settlement day for the June contract – the front-month NYMEX Natural Gas Futures Contracts opened at $2.622, four cents above Tuesday’s closing price of $2.582.  Posting a choppy ascent through the day’s trading session, the contract posted an intraday lo ... Read More

The oil market opened lower and erased its previous gains

May 30, 2019
Recap: The oil market opened lower and erased its previous gains, as concerns over the trade war between the US and China outweighed supply disruptions.  The market was weighed down by the weakness in the equities market as China signaled readiness to escalate the trade war with ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.582 on Tuesday, May 28th

May 29, 2019
Tuesday, May 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.548, five cents below Friday’s closing price of $2.598.  Mounting a recovery effort early on as short-term weather forecasts turned bearish over the long weekend, prices rose from an intraday low ... Read More
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