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June NYMEX Natural Gas Futures Contract Closed at $2.190 on Thursday, May 11th

May 12, 2023
Thursday, May 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.176, three cents below Wednesday’s closing price of $2.191. Ascending to trade along the $2.200 level leading up to 10:30AM, prices forged higher after the weekly publication hit the wire. Peakin ... Read More

On Thursday, the Market Continued to Retrace its Previous Losses

May 12, 2023
Recap:  On Thursday, the oil market continued to retrace its previous losses as increasing jobless claims and a stronger dollar weighed on sentiment. The market traded sideways in overnight trading and ahead of the release of the weekly unemployment report. However, the market br ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.191 on Wednesday, May 10th

May 11, 2023
Wednesday, May 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.223, three cents below Tuesday’s closing price of $2.267. Losing ground early on, prices retreated to the intraday low of $2.160 by 10:45AM. Ascending over the next ninety minutes to tally the i ... Read More

The Oil Market Traded Mostly Sideways in Overnight Trading but Sold Off and Traded to its Lows

May 11, 2023
Recap:  The oil market traded mostly sideways in overnight trading but sold off and traded to its lows in afternoon trading, ending a three day rally amid an unexpected build in crude stocks. Early in the session, the market breached its previous high and posted a high of $73.89 ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.267 on Tuesday, May 9th

May 10, 2023
Tuesday, May 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.278, four cents above Monday’s closing price of $2.238. Marking the intraday high of $2.297 within minutes of the open, prices remained elevated overnight as wildfires broke in Canada’s Alberta pro ... Read More

The Oil Market Looked Ready to Post an Inside Trading Day Before the Market Rallied to its Highs Ahead of the Close

May 10, 2023
Recap:  The oil market looked ready to post an inside trading day before the market rallied to its highs ahead of the close. The market had traded to $73.08 in overnight trading before it sold off to a low of $71.34 by mid-day as traders took some profits following its recent reb ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.238 on Monday, May 8th

May 9, 2023
Monday, May 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.211, seven cents above Friday’s closing price of $2.137. Riding Friday’s wave of momentum, prices briefly dipped to the intraday low of $2.179 at 10:00AM. Ascending to the intraday high of $2.247 at ... Read More

Some Traders Saw the Recent Fall in Prices Due to Demand Concerns as Overdone

May 9, 2023
Recap:  The oil market on Monday rallied higher as recession fears eased and as some traders saw the recent fall in prices due to demand concerns as overdone. The market posted a low of $71.04 in overnight trading before it bounced off that level and continued to retrace its prev ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.137 on Friday, May 5th

May 8, 2023
Friday, May 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.082, two cents below Thursday’s closing price of $2.101. Recording the intraday low of $2.072 soon after the opening bell, prices rose to the $2.140 level by 10:00AM. Trading within a tight band nea ... Read More

The Oil Market on Friday Retraced More of its Previous Gains Following Thursday's Early Sell Off

May 8, 2023
Recap:  The oil market on Friday retraced more of its previous gains following Thursday’s early sell off at the opening. The crude market opened 14 cents higher at $68.70 and posted a low of $68.48 in overnight trading before it bounced higher. The market traded higher as the equ ... Read More
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