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May NYMEX Natural Gas Futures Contract Closed at $2.873 on Tuesday, April 27th

April 28, 2021
Tuesday, April 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.824, two cents below Monday’s closing price of 2.790.  Tallying an intraday low of $2.814 soon after the opening bell, prices rose throughout the day to achieve an intraday high of $2.876 ahead ... Read More

Oil futures ended at their highest level in a week on Tuesday

April 28, 2021
Recap: Oil futures ended at their highest level in a week on Tuesday after OPEC and its allies surprised the market by meeting a day earlier than scheduled, and decided to keep their current plan to gradually raise production in place. The meeting was supposed to take place on We ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.790 on Monday, April 26th

April 27, 2021
Monday, April 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.709, two cents below Friday’s closing price of $2.730.  Falling to an intraday low of $2.700 by 9:20AM, prices rose steadily through the morning to reach $2.756 by midday and an intraday high of ... Read More

Oil futures fell on Monday extending last week’s loss

April 27, 2021
Recap: Oil futures fell on Monday, extending last week’s loss, as the number of rising cases of COVID-19 in India heightened concerns about demand. With OPEC and its allies due to meet later this week, traders are anxiously awaiting to see what actions, if any the group will take ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.730 on Friday, April 23rd

April 26, 2021
Friday, April 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.746, nearly even to Thursday’s closing price of $2.749.  In an uneventful day of trading, prices moved within a tight band near $2.745 as below average temperatures continue to provide support.  ... Read More

U.S. oil drillers cut the number of operating rigs for the first cut in five weeks

April 26, 2021
Recap: Oil futures erased some of its losses made this week, as perhaps it was a bit overdone to the downside. Bullish economic data out of the U.S. and Europe boosted prices, however, the continued rise in the number of coronavirus cases across the globe kept a lid on prices. Ju ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.749 on Thursday, April 22nd

April 23, 2021
Thursday, April 22nd saw the front-month NYMEX Natural Gas Futures Contract open at an intraday low of $2.666, almost three cents below Wednesday’s closing price of $2.692. Prices rose steadily until the 10:30AM release of the storage report, where prices jumped to $2.768. Shortl ... Read More

OPEC and the IEA raised their forecast for global demand growth in 2021

April 23, 2021
Recap: Oil futures reversed early losses on Thursday, to squeeze out small gains. A resurgence in the coronavirus pushed oil prices back from last week’s gains as most regions apart from Europe experienced a rise in the number of cases. Last week crude oil posted strong gains as ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.692 on Wednesday, April 21st

April 22, 2021
Wednesday, April 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.693, three cents below Tuesday’s closing price of $2.727.  Slipping to an intraday low of $2.666 at 9:10AM, the contract recorded an intraday high of $2.699 an hour later.  Awaiting today’s st ... Read More

Oil prices fell to their lowest level in a week

April 22, 2021
Recap: Oil prices fell to their lowest level in a week, with U.S. crude oil inventories rising amid increasing concerns over global demand, as the number of COVID-19 infections continues to rise in Asia. Currently, there are a number of factors influencing oil markets which inclu ... Read More
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