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September NYMEX Natural Gas Futures Contract Closed at $2.477 on Wednesday, August 2nd

August 3, 2023
Wednesday, August 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.513, five cents below Tuesday’s closing price of $2.560. Recording the intraday high of $2.520 within minutes of the opening bell, bearish pressure due to moderating forecasts drove prices low ... Read More

September NYMEX Natural Gas Futures Contract Closed at $2.560 on Tuesday, August 1st

August 2, 2023
Tuesday, August 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.560, seven cents below Monday’s closing price of $2.634. Healthy storage levels and a break in intense summer heat in the Northeast directed prices lower early on, as the contract fell to an int ... Read More

The Market's Gains Were Limited Amid the Strength in the Dollar

August 2, 2023
Recap:  On Tuesday, the oil market posted an inside trading day as traders took profits after it continued to trend higher in its upward trending channel on Monday. The market’s gains were also limited amid the strength in the dollar. It sold off to a low of $80.59 by mid-morning ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.634 on Monday, July 31st

August 1, 2023
Monday, July 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.612, nearly three cents below Friday’s closing price of $2.638. Falling to the intraday low of $2.605 within minutes of the opening bell, the contract traded sideways along the $2.620 level for th ... Read More

The Oil Markets Finished Higher on Monday Marking the Third Straight Trading Session of Price Gains

August 1, 2023
Recap: The oil markets finished higher on Monday marking the third straight trading session of price gains. The September Brent, which expired today, finished the trading session up 0.7% at $85.56 a barrel while the September WTI contract finished up $1.22 per barrel or 1.5% at $ ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.638 on Friday, July 28th

July 31, 2023
Friday, July 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.655, six cents above Thursday’s closing price of $2.595. Ascending to reach the intraday high of $2.685 by 9:15AM, the contract then pulled back to continue the previous day’s sell-off. Despite fo ... Read More

The Oil Market Rallied Higher Ahead of the Close and Settled Higher for the Fifth Consecutive Week

July 31, 2023
Recap:  On Friday, the oil market rallied higher ahead of the close and settled higher for the fifth consecutive week. The market retraced some of its previous gains but held support at its previous low of $78.87. It traded to a low of $79.07 but quickly bounced off that level an ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.595 on Thursday, July 27th

July 28, 2023
Thursday, July 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.573, nine cents below Wednesday’s closing price of $2.665. Achieving the intraday high of $2.589 early on, prices withdrew throughout the day as August settled lower on Thursday at $2.492. Se ... Read More

The Market Continued to Trend Higher Remaining Supported by Supply Tightness and Optimism for Global Growth

July 28, 2023
Recap:  The oil market continued its upward trend on Thursday, breaching the $80.00 level and peaking at a level not seen since April 19th after it posted an inside trading day on Wednesday. The market quickly posted a low of $78.87 on the opening before it continued to trend hig ... Read More
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A Mostly Bearish Oil Inventory Report and the Expected 25 Basis Point Interest Rate Increase Announced by the Federal Reserve

July 27, 2023
Recap:  The crude oil market retraced some of its previous gains on Wednesday and posted an inside trading day following a mostly neutral to bearish oil inventory report and the expected 25 basis point interest rate increase announced by the Federal Reserve in the afternoon. The ... Read More
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