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Oil prices fell to their lowest level in two weeks

March 2, 2018
Recap: Oil prices took a hit for the third straight session after President Trump announced the imposition of tariffs on steel and aluminum imports to the U.S; which dragged down global equities. A rising U.S. dollar also added pressure. Prices fell to their lowest level in two w ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.667 on Wednesday, February 28th

March 1, 2018
Wednesday, February 28th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.682, flat to Tuesday’s closing price of $2.683.  Peaking at the intraday high of $2.710 soon after markets opened, uncertain sentiment in regards to market fundamentals saw the contract se ... Read More

EIA reported a larger than expected build in U.S. crude oil inventories

March 1, 2018
Recap: Oil prices received an early boost after it was reported OPEC output fell to a 10-month low as the UAE over-delivered on its agreement to cut output. April WTI gained as much as 0.68%, while Brent for April delivery tacked on 0.37%. Gains were short lived after the EIA rep ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.683 on Tuesday, February 27th

February 28, 2018
On Tuesday, February 27th – the April NYMEX Natural Gas Futures Contracts began trading as the prompt month.  Opening at $2.652, three cents below Monday’s closing price of $2.686, traders moved quickly to recapture overnight losses.  Surpassing the $2.68 mark by 11:00AM, below a ... Read More

The oil market seems to be pressured by the strength in the dollar

February 28, 2018
Recap: The oil market opened 15 cents higher and quickly posted a high of $64.08 before it started to erase its previous gains.  The oil market seemed to have been pressured by the strength in the dollar, which was well supported after Federal Reserve Chairman, Jerome Powell, sai ... Read More
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Oil prices continued their upward route to a three week high

February 27, 2018
Recap: Oil prices continued their upward route on Monday, rising to a three-week high, supported by OPEC’s commitment to output cuts, supply disruptions in Libya and by strong U.S. demand. April WTI rose to a high of $64.24 before severing gains for a settlement of $63.91 a barre ... Read More
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March NYMEX Natural Gas Futures Contracts Closed at $2.625 on Friday, February 23rd

February 26, 2018
Friday, February 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.579, five cents below Thursday’s closing price of $2.634.  Slipping to notch the intraday low of $2.576 by 9:40AM, prices then mounted a steady ascent to span the majority of the day.  Surpas ... Read More

Oil prices finished higher for the second straight week

February 26, 2018
Recap: Oil prices finished higher for the second straight week, tacking on more than 3%, gaining support from falling Libyan production, bullish rhetoric from Saudi Arabia’s energy minister and a decline in U.S. inventories. WTI closed in on $64, falling short by 27 cents, while ... Read More
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EIA report indicated US crude oil stocks fell 1.6 million

February 23, 2018
Recap: Oil prices, which were heading lower early in the session, reversed course after the release of the EIA report, which indicated U.S. crude oil stocks fell 1.6 million. In its initial reaction, April WTI jumped sharply, tacking on more than $21 before falling into a 30 cent ... Read More
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March NYMEX Natural Gas Futures Contracts Closed at $2.634 on Thursday, February 22nd

February 23, 2018
Thursday, February 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.641, two cents below Wednesday’s closing price of $2.659.  Climbing to seesaw along the $2.65 mark through 10:30AM, a brief uptick to the intraday high of $2.670 quickly subsided, despite t ... Read More
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