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Enquest announced it had shut down pipeline systems carrying crude oil to its Sullom Voe Terminal in the Shetland Islands

May 4, 2018
Recap: Oil prices rose from early losses after Enquest’s announcement it had shut down pipeline systems carrying crude oil to its Sullom Voe Terminal in the Shetland Islands.  The news broke around 10:00 am EST, sparking a steady, but slow climb of more than 2% in both WTI and Br ... Read More
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June NYMEX Natural Gas Futures Contracts Closed at $2.726 on Thursday, May 3rd

May 4, 2018
Thursday, May 3rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.732, two cents below Wednesday’s closing price of $2.754.  Trading within a narrow band along $2.725 through 10:30AM, markets patiently awaited the season’s first injection to storage amid weaken ... Read More

Iranian concerns and weakness in the dollar lifted prices off of their lows and into a period of sideways trading

May 3, 2018
Recap: Wednesday’s reaction to the 6 million barrel build in U.S. crude oil stocks is strong evidence of underlying concern U.S. President Donald Trump will decide to pull out of the Iran nuclear deal. Just prior to the release of the EIA report, June WTI was trading at $67.11, a ... Read More
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June NYMEX Natural Gas Futures Contracts Closed at $2.754 on Wednesday, May 2nd

May 3, 2018
Wednesday, May 2nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.784, two cents below Tuesday’s closing price of $2.802.  Reaching up to the intraday high of $2.786 as markets opened prices then began a gradual downward slog into the morning.  Trading along $ ... Read More

June NYMEX Natural Gas Futures Contracts Closed at $2.802 on Tuesday, May 1

May 2, 2018
Tuesday, May 1st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.791, three cents above Monday’s closing price of $2.763.  Rising to the intraday high of $2.820 soon after trading opened, prices then fluctuated within a penny of the $2.81 mark for the balance o ... Read More

Oil prices fell 2.5% as the dollar strengthened

May 2, 2018
Recap: Oil prices fell 2.5% as the dollar strengthened, but found support provided by the possibility that U.S. President Trump would instill sanctions against Iran. In overnight trading, prices made a feeble attempt to trade higher, however, Brent held below $75, while WTI held ... Read More
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June NYMEX Natural Gas Futures Contracts Closed at $2.763 on Monday, April 30th

May 1, 2018
Monday, April 30th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.767, just slightly below Friday’s closing price of $2.771.  Tumbling downward from the intraday high as markets opened, prices marked the intraday low of $2.728 multiple times before midday.  We ... Read More

U.S. drillers continue to add to their active rig count, which is currently set at 824

May 1, 2018
Recap: At the onset of trading, oil prices came under pressure, weighed down by rising U.S. production, as U.S. drillers continue to add to their active rig count, which is currently set at 824, the highest level since March 2015. Light profit taking came into play, pushing June ... Read More
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June NYMEX Natural Gas Futures Contracts Closed at $2.771 on Friday, April 27th

April 30, 2018
On Friday, April 27th – the June NYMEX Natural Gas Futures Contracts began trading as the prompt month.  Opening at $2.805, three cents below Thursday’s closing price of $2.839, a momentary jump to the intraday high of $2.814 quickly subsided as markets realigned with fundamental ... Read More

Oil prices reversed gains made on Thursday and Friday

April 30, 2018
Recap: Oil prices moved lower on Friday, reversing gains made on Thursday and Friday. After rising early in the session, prices reversed course as traders, prompted by strength in the dollar and weakness in equities, began to take profits. WTI continues to hover around its 10-day ... Read More
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