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February NYMEX Natural Gas Futures Contracts Closed at $3.458 on Wednesday, December 26th

December 27, 2018
Wednesday, December 26th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.388, eight cents below Monday’s closing price of $3.467.  Choppy trading through the early morning, as prices rose to $3.470 and sank to an intraday low of $3.347.  Gaining momentum to cro ... Read More

Oil prices fell to their lowest level in 17-months

December 26, 2018
Recap: After trading slightly higher in overnight trading, oil prices reversed course and fell to their lowest level in 17-months, as traders squared books ahead of the upcoming Christmas Holiday and year end. February WTI fell 75 cents, to a low of $45.13 a barrel, while Februar ... Read More
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January NYMEX Natural Gas Futures Contracts Closed at $3.583 on Thursday, December 20th

December 21, 2018
Thursday, December 20th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.898, seventeen cents above Wednesday’s closing price of $3.726.  A quick jump to the intraday high of $3.913 shortly after 9:00AM, gave way to selling as the overnight rally lacked fundamen ... Read More

On Thursday, oil prices reached their lowest level in a year

December 21, 2018
Recap: Oil prices fell 5% on Thursday, reaching their lowest level in a year. Prices tumbled as the stock market sank amid heightened concern over the global economy and its impact on demand. February WTI fell $2.50 or 5.1% to a low of $45.67 a barrel, while February Brent slippe ... Read More
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January NYMEX Natural Gas Futures Contracts Closed at $3.726 on Wednesday, December 19th

December 20, 2018
Wednesday, December 19th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.650, nearly nineteen cents below Tuesday’s closing price of $3.838.  Unable to sustain Tuesday’s growth, as it was seemingly based purely on technical trading, prices continued downward to ... Read More

The EIA report showed a draw of 497,000 barrels in U.S. crude oil inventories

December 20, 2018
Recap: After falling over 7% the previous session, oil prices rose Wednesday in response to the EIA report, which reflected a draw of 497,000 barrels in U.S. crude oil inventories. This was in stark contrast to the 3.5 million barrel build reported by the API on Tuesday afternoon ... Read More
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Crude oil prices fell on Tuesday due to signs of a weakening global economy

December 19, 2018
Recap: Crude oil prices plummeted on Tuesday on signs of a weakening global economy, amidst increasing inventories and forecasts of record U.S. and Russian output. WTI fell as much as 8.1 percent, to trade at $45.79 a barrel, the lowest level for a spot WTI futures contract since ... Read More
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January NYMEX Natural Gas Futures Contracts Closed at $3.838 on Tuesday, December 18th

December 19, 2018
Tuesday, December 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.697, seventeen cents above Monday’s closing price of $3.528.  Slipping to the intraday low of $3.652 as markets opened, prices soon reversed direction and spiked to $3.790 ahead of 10:00AM.  ... Read More

January NYMEX Natural Gas Futures Contracts Closed at $3.528 on Monday, December 17th

December 18, 2018
Monday, December 17th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.681, nearly fifteen cents below Friday’s closing price of $3.827.  Continuing Friday’s freefall over the weekend as above average temperatures are forecasted to cover most of the country in t ... Read More

Stocks fell amid growing concern over global economic growth and its impact on demand

December 18, 2018
Recap: After rising earlier in the session, oil prices plunged on Monday, as stocks fell amid growing concern over global economic growth and its impact on demand, while supplies in the U.S. remain in abundance. WTI reached a low of $49.36, the lowest level for a spot contract si ... Read More
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