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August NYMEX Natural Gas Futures Contract Closed at $3.749 on Monday, July 12th

July 13, 2021
Monday, July 12th saw the front-month NYMEX Natural Gas Futures Contract open at an intraday low of $3.700, three cents above Friday’s closing price of $3.674.  Prices reached their intraday high of $3.763 early on in the day at 10:00AM. After reaching the daily highpoint, prices ... Read More

Concerns about slowing global growth outweighed the prospect of tightening supply

July 13, 2021
Recap: Oil futures turned lower on Monday as concerns about slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months became gridlocked, amid renewed worries over another potential surge in COVID-19 infecti ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $3.674 on Friday, July 9th

July 12, 2021
Friday, July 9th saw the front-month NYMEX Natural Gas Futures Contract open at $3.720, three cents above Thursday’s closing price of $3.687.  Marking an intraday high of $3.730 early on, the contract traded within a tight band near $3.700 throughout the day.  Moving gradually lo ... Read More

Investors are weighing in on the historic drop in U.S. inventories

July 12, 2021
Recap: Oil futures rose for a second day on Friday as the market continued to react to the latest U.S. inventory report, while signs of strong Asian demand from both China and India added to the market’s strength. Investors are weighing in on the historic drop in U.S. inventories ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $3.687 on Thursday, July 8th

July 9, 2021
Thursday, July 8th saw the front-month NYMEX Natural Gas Futures Contract open at $3.593, just below Wednesday’s closing price of $3.596.  Ascending to $3.630 ahead of the weekly storage publication, prices jumped to $3.670 as the bullish report hit the wire.  Continuing higher a ... Read More

The EIA reported a 6.9 million barrel draw in U.S. crude oil inventories

July 9, 2021
Recap: Crude oil futures climbed throughout the session, stretching beyond the settlement price in late afternoon trading, after the Energy Information Administration reported a 6.9 million barrel draw in U.S. crude oil inventories, marking the seventh straight week of declines. ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $3.596 on Wednesday, July 7th

July 8, 2021
Wednesday, July 7th saw the front-month NYMEX Natural Gas Futures Contract open at $3.618, two cents below Tuesday’s closing price of $3.637.  Marking an intraday high of $3.640 as markets opened, prices soon trended lower, marking an intraday low of $3.520 at 10:30AM.  Climbing ... Read More

Oil prices have soared more than 50% so far this year

July 8, 2021
Recap: Oil slipped as the dollar rose and investors awaited further signals from the OPEC+ alliance on its production policy after a dispute upended talks. August WTI fell as much as 3.7%, to a session low of $71.07 a barrel, as a strong dollar reduced the appeal of dollar denomi ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $3.637 on Tuesday, July 6th

July 7, 2021
Tuesday, July 6th saw the front-month NYMEX Natural Gas Futures Contract open at $3.668, three cents below Friday’s closing price of $3.700.  Following a pre-session rally, where prices tested the $3.80 level, the contract declined until reaching an intraday low of $3.608 at 11:0 ... Read More

WTI hit a six-year high and traded at 479.98 a barrel

July 7, 2021
Recap: Oil futures ended sharply lower on Tuesday, pressured by uncertainty over the outlook for global crude production after talks between OPEC and its allies collapsed. Before heading lower, WTI hit a six-year high, trading at 479.98 a barrel, a gain of $1.82, or 2.42% a barre ... Read More
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