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Hamas Said an Israeli Proposal on a Ceasefire Met None of the Demands of the Palestinian Militant Factions

April 10, 2024
Recap:  The oil market posted an inside trading day as it traded lower for a second day on Tuesday, amid continuing talks for a ceasefire in Gaza. While the talks in Egypt have so far failed to reach a breakthrough, Hamas said an Israeli proposal on a ceasefire met none of the de ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.872 on Tuesday, April 9th

April 10, 2024
Tuesday, April 9th saw the front-month NYMEX Natural Gas Futures Contract open at $1.888, four cents above Monday’s closing price of $1.844. Climbing early on to reach an intraday high of $1.924 by 9:45AM, maintenance-induced declines in production provided support. Pulling back ... Read More

May NYMEX Natural Gas Futures Contract Closed at $1.844 on Monday, April 8th

April 9, 2024
Monday, April 8th saw the front-month NYMEX Natural Gas Futures Contract open at $1.806, two cents above Friday’s closing price of $1.785. Recording the intraday low of $1.797 ahead of 9:45AM, the contract posted a gradual ascent throughout the day as production remains modest an ... Read More

The Crude Market on Monday Retraced Some of its Previous Gains Amid the News That Israel Was Withdrawing More Soldiers From Gaza

April 9, 2024
Recap:  The crude market on Monday retraced some of its previous gains amid the news that Israel was withdrawing more soldiers from Gaza and committing to talks on a potential ceasefire. On Sunday, Israel said it withdrew more soldiers from southern Gaza. The country has reduced ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.785 on Friday, April 5th

April 8, 2024
Friday, April 5th saw the front-month NYMEX Natural Gas Futures Contract open at $1.765, a penny below Thursday’s closing price of $1.774. Slipping to the intraday low of $1.763 soon after the opening bell, reports of continued production cuts then pushed prices higher throughout ... Read More

The Market's Gains Were Limited Early in the Session as the March Payrolls Data Surpassed Expectations

April 8, 2024
Recap:  On Friday, the oil market traded higher and posted a week gain of 4.5%. The market remained well supported by the geopolitical tensions in the Middle East after Iran vowed revenge against Israel earlier in the week for an attack that killed high ranking Iranian military p ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.774 on Thursday, April 4th

April 5, 2024
Thursday, April 4th saw the front-month NYMEX Natural Gas Futures Contract open at $1.837, just below Wednesday’s closing price of $1.841. Marking the intraday high of $1.851 within minutes of the opening bell, the contract traded sideways along $1.835 leading up to the weekly st ... Read More

The Oil Market Rallied Sharply Higher in the Afternoon Amid the Intensifying Geopolitical Tensions in the Middle East

April 5, 2024
Recap:  The oil market posted an outside trading day on Thursday after the market retraced some of its previous gains early in the session and later rallied sharply higher in afternoon trading amid the intensifying geopolitical tensions in the Middle East. The market traded mostl ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.841 on Wednesday, April 3rd

April 4, 2024
Wednesday, March 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.896, three cents above Tuesday’s closing price of $1.862. Ascending to the intraday high of $1.906 ahead of 9:30AM, prices soon withdrew as declines in production could no longer buoy a market ... Read More

OPEC+ Ministers Made No Changes to Their Current Output Policy at Their Last Meeting

April 4, 2024
Recap:  Oil prices continued on its upward trend on Wednesday, settling higher for the fourth consecutive session, amid the geopolitical concerns due to Ukraine’s attacks on Russian refineries and potential widening of the conflict in the Middle East, while OPEC+ ministers made n ... Read More
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