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Sources within OPEC said Saudi Arabia plans to cut crude oil exports

January 8, 2019
Recap: Crude oil prices rose on Monday as hopeful trade talks between China and the U.S. got under way and after sources within OPEC said Saudi Arabia plans to cut crude oil exports by as much as  800,000 barrel s per day from its November levels. Prices peaked in early morning t ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.044 on Friday, January 4th

January 7, 2019
Friday, January 4th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.026, eight cents above Thursday’s closing price of $2.945.  Prices sank lower as trading began, finding support near $2.980 through 10:20AM.  Declining to the intraday low of $2.917 as the bear ... Read More

Oil prices posted their first weekly gain in four weeks

January 7, 2019
Recap: Oil prices posted their first weekly gain in four weeks as proposed trade talks set for next week between the U.S. and Coil futures WTI rose to their highest level since mid-December, with WTI briefly recapturing the $48.00 level, while Brent touched above $58.00. It appea ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $2.945 on Thursday, January 3rd

January 4, 2019
Thursday, January 3rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.898, six cents below Wednesday’s closing price of $2.958.  Falling initially to challenge lows last seen in mid-September, prices rebounded off the intraday low of $2.878 to manage a staggere ... Read More

Oil prices were pressured by concerns of a weakening global economy

January 4, 2019
Recap: Oil prices traded in a volatile fashion on Thursday, supported by production cuts from within and outside of OPEC, but also pressured by concerns of a weakening global economy. After bottoming out at $45.35 in early morning trading, February WTI clawed its way back to the ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $2.958 on Wednesday, January 2nd

January 3, 2019
Wednesday, January 2nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.936, nearly even to Monday’s closing price of $2.940.  Marking the intraday low of $2.905 by 9:20AM, the contract then reversed direction to tally the intraday high of $2.993 at 11:00AM.  Br ... Read More

Oil prices bounced sharply on Wednesday after trading lower early in the session

January 3, 2019
Recap: Oil prices bounced sharply on Wednesday after trading lower early in the session on rising U.S. and Russian production, a boost in Iraqi exports and concern over an economic slowdown. After hitting a low of $44.36 a barrel, February WTI rose to a session high of $47.78, up ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $2.940 on Monday, December 31st

January 2, 2019
Monday, December 31st saw the front-month NYMEX Natural Gas Futures Contracts open at $3.128, nearly eighteen cents below Friday’s closing price of $3.303.  Falling drastically on the last trading day of the year, the contract tested lows not seen since mid-September.  Lacking fu ... Read More

Oil prices experienced their worst annual loss since 2015

January 2, 2019
Recap: After rising to their highest level in 3 years, oil prices experienced their worst annual loss since 2015, with WTI finishing the year down 24.8 percent and Brent falling 19.5 percent on the year. This year’s slide, which began in the fourth quarter, ended a 2 ½ year recov ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.303 on Friday, December 28th

December 31, 2018
On Friday, December 28th – the February NYMEX Natural Gas Futures Contract began trading as the prompt month.  Opening at $3.356, nineteen cents below Thursday’s closing price of $3.546, prices fluctuated along the $3.35 level through 10:30AM.  Posting a meager jump to the intrad ... Read More
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