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November NYMEX Natural Gas Futures Contract Closed at $2.962 on Wednesday, October 4th

October 5, 2023
Wednesday, October 4th saw the front-month NYMEX Natural Gas Futures Contract open at $3.008, six cents above Tuesday’s closing price of $2.949. Finding support early prices rose to record an eight-month intraday high of $3.055 at 9:49AM, as forecasts turned slightly bearish. Pul ... Read More

The oil market sold off more than $5 on Wednesday

October 5, 2023
Recap: The oil market sold off more than $5 on Wednesday as demand fears offset the pledges by Saudi Arabia and Russia to continue cutting output until the end of the year. Overnight, the market traded mostly sideways and posted a high of $89.59. However, the market breached its ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.949 on Tuesday, October 3rd

October 4, 2023
Tuesday, October 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.893, five cents above Monday’s closing price of $2.840. Recording an intraday low of $2.878 within minutes of the opening bell, the contract moved steadily higher throughout the morning as week ... Read More

Traders Weighed on Some Bearish Economic News and Tightening Supply

October 4, 2023
Recap:   The oil market retraced some of its losses after falling to a three week low earlier in the session despite the strength in the U.S. dollar. Traders weighed some bearish economic news and tightening supply. The market traded lower early in the session as the U.S. dollar ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.840 on Monday, October 2nd

October 3, 2023
Monday, October 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.903, three cents below Friday’s closing price of $2.929. Seeking direction in a four-cent range early on, prices marked the intraday high of $2.911 at 9:45AM. Trending lower heading into the aft ... Read More

The Oil Market on Monday Sold Off After a Monthly ISM Report Showed that the U.S. Manufacturing Sector Fell for the 11th Consecutive Month

October 3, 2023
Recap:  The oil market on Monday sold off after a monthly ISM report showed that the U.S. manufacturing sector fell for the 11th consecutive month in September. The market, which sold off on Friday on some profit taking, traded sideways in overnight trading and posted a high of $ ... Read More
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Further Profit Taking Following Thursday's Rally That Pushed the Market Over the $95 Level

October 2, 2023
Recap:  The oil market on Friday sold off on some further profit taking following Thursday’s rally that pushed the market over the $95 level before it retraced some of its gains. The market traded sideways in overnight trading and posted a high of $93.10 amid a weaker dollar. How ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.929 on Friday, September 29th

October 2, 2023
Friday, September 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.882, six cents below Thursday’s closing price of $2.945. Recording the intraday low of $2.855 by 9:15AM, prices rose for the duration of the session despite the previous day’s healthy injecti ... Read More

November NYMEX Natural Gas Futures Contract Closed at $2.945 on Thursday, September 28th

September 29, 2023
Thursday, September 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.930, three cents above Wednesday’s closing price of $2.899. Posting a cautious ascent to the $2.960 level leading up to the weekly storage publication, prices jumped to the intraday high of ... Read More

The Crude Market on Thursday Rallied to its Highest Level in More Than a Year on Concern of Tight Supply

September 29, 2023
Recap:  The crude market on Thursday rallied to its highest level in more than a year on concern of tight supply before it erased its gains by the end of the session on profit taking. The market traded mostly sideways before it rallied over the $95 level for the first time since ... Read More
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