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August NYMEX Natural Gas Futures Contracts Closed at $2.782 on Friday, July 27th

July 30, 2018
On Friday, July 27th – settlement day for the August Contract —the front-month NYMEX Natural Gas Futures Contracts opened at $2.805, three cents above Thursday’s closing price of $2.773.  Unsettled trading early on saw the contract jump to either side of $2.805, sustaining Thursd ... Read More

There was a 4.1% rise in the U.S. gross domestic product for the 2nd quarter

July 30, 2018
Recap: Oil prices slipped on Friday, pressured by a falling U.S. equities market, but despite daily losses, both blends finished up on the week. Prices couldn’t gain enough momentum off the impressive 4.1% rise in the U.S. gross domestic product for the 2nd quarter, alluding to u ... Read More
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August NYMEX Natural Gas Futures Contracts Closed at $2.780 on Thursday, July 26th

July 27, 2018
Thursday, July 26th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.780, slightly above Wednesday’s closing price of $2.775.  The contract slipped to the intraday low of $2.769 within the first thirty minutes of trading. Prices swelled to the intraday high of $ ... Read More

Oil prices rose as Saudi Arabia temporarily stopped crude shipments through Bab el-Mandeb strait

July 27, 2018
Recap:  Oil prices rose for the third straight session, getting a boost as Saudi Arabia temporarily stopped crude shipments through the Bab el-Mandeb strait in the Red Sea after accusing Iran allied rebels of attacking a pair of tankers. September WTI stopped just below $70 a bar ... Read More
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August NYMEX Natural Gas Futures Contracts Closed at $2.775 on Wednesday, July 25th

July 26, 2018
Wednesday, July 25th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.746, about a penny higher than Tuesday’s closing price of $2.732.  The opening marked the intraday low. Swinging upwards right out of the gate, the contract reached the intraday high of $2.777 ... Read More

The EIA report showed a decline of 6.1 million barrels in U.S. crude oil inventories

July 26, 2018
Recap: Oil prices climbed more than 1% after the release of the EIA report, which showed a decline of 6.1 million barrels in U.S. crude oil inventories. Expectations were calling for a decrease of 2.3 million barrels. September WTI rose to a high of $69.70 a barrel, its highest l ... Read More
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August NYMEX Natural Gas Futures Contracts Closed at $2.732 on Tuesday, July 24th

July 25, 2018
Tuesday, July 24th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.723, nearly even to Monday’s closing price of $2.721.  Stepping to the intraday high of $2.729 by 9:40AM, the contract seesawed along $2.735 as August closed higher on Tuesday at $2.732.  In sim ... Read More

It was a volatile trading session for both crude oil and its products

July 25, 2018
Recap: It was a volatile trading session for both crude oil and its products, as prices continued to be rocked by an array of news which include tensions between Iran and the U.S; trade wars between China and the U.S; boosts in output by OPEC and its allies, declines in Venezuela ... Read More
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August NYMEX Natural Gas Futures Contracts Closed at $2.721 on Monday, July 23rd

July 24, 2018
Monday, July 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.715, four cents below Friday’s closing price of $2.757.  Knocked down by bearish weather expectations over the next two weeks, losses were limited by short covering.  In what turned out to be an ... Read More

Oil prices slipped early in the session before settling into a period of sideways trading

July 24, 2018
Recap: Oil prices slipped early in the session before settling into a period of sideways trading in overnight activity. However, rising tensions between the U.S. and Iran combined with a 24-hour strike by offshore workers in the British North Sea, propelled prices off the lows of ... Read More
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