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October NYMEX Natural Gas Futures Contract Closed at $8.249 on Monday, September 12th

September 13, 2022
Monday, September 12th saw the October NYMEX Natural Gas Futures Contract open at $7.895, ten cents below Friday’s closing price of $7.996. Ascending from the intraday low of $7.885 near 9:15AM, prices jumped to $8.250 by 9:45AM and an intraday high of $8.406 ahead of 11:00AM. Bu ... Read More

Oil Futures Extend Gains as Commodity Prices Rise Amid a Weakening of the Dollar

September 13, 2022
Recap: Oil futures extend gains as commodity prices rise amid a weakening of the dollar. WTI crude is up 2.6% to $89.10 a barrel. Concerns about global demand remain as central banks slam the breaks to cool inflation, while investors watch for possible OPEC+ production cuts. Whil ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $7.996 on Friday, September 9th

September 12, 2022
Friday, September 9th saw the October NYMEX Natural Gas Futures Contract open at $8.118, twenty cents above Thursday’s closing price of $7.915. Achieving an intraday high of $8.118 within minutes of the open, prices slid over the following ninety minutes to find a bottom at $7.88 ... Read More

Sentiment is Being Supported by News that the IEA has Upgraded its Global Oil Demand Outlook

September 12, 2022
Recap:  Oil prices traded higher on Friday after rebounding from earlier losses. Sentiment is being supported by news that the IEA has upgraded its global oil demand outlook for the next two quarters as electricity suppliers, particularly in Europe, could now switch to oil-based ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $7.915 on Thursday, September 8th

September 9, 2022
Thursday, September 8th saw the October NYMEX Natural Gas Futures Contract open at $7.835, slightly below Wednesday’s closing price of $7.842. Tallying the intraday low of $7.830 early on, prices were trade along either side of the $7.960 level in the hour leading up to the weekl ... Read More

Oil Futures Rebounded on Thursday, but Remained Near Eight-Month Lows

September 9, 2022
Recap: Oil futures rebounded on Thursday, but remained near eight-month lows, as China’s extension of COVID restrictions exacerbated concerns a slowdown in global economic activity would hit fuel demand. Prices also garnered support from Russian President Vladimir Putin’s threat ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $7.842 on Wednesday, September 7th

September 8, 2022
Wednesday, September 7th saw the October NYMEX Natural Gas Futures Contract open at $8.038, eleven cents below Tuesday’s closing price of $8.145. Struggling to find support over the past few sessions following Fall-like temperatures and the announcement of a new EPA rule limiting ... Read More

Oil Futures Fell on Wednesday to Their Lowest Level in Eight Months

September 8, 2022
Recap:  Oil futures fell on Wednesday to their lowest level in eight months, as concerns intensified that a global economic downturn will hurt demand for energy. The economically disappointing news came out of China, as Chinese trade data sparked investor concerns about recession ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $8.145 on Tuesday, September 6th

September 7, 2022
Tuesday, September 6th saw the October NYMEX Natural Gas Futures Contract open at $8.404, thirty-eight cents below Friday’s closing price of $8.786. Following the long weekend, prices trended lower as comfortable shoulder-month temperatures set it, easing the call for cooling dem ... Read More

Oil Futures Were Widely Mixed, With U.S. Oil Futures Ending Little Changed

September 7, 2022
Recap:  Oil futures were widely mixed, with U.S. oil futures ending little changed on Tuesday, as U.S. traders, who were off for a the U.S. Labor Day holiday, reacted to a decision by OPEC+ to reduce production by 100,000 barrels per day in October. This decision reversed Septemb ... Read More
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