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May NYMEX Natural Gas Futures Contract Closed at $2.727 on Tuesday, April 20th

April 21, 2021
Tuesday, April 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.730, two cents below Monday’s closing price of $2.749.  Marking the intraday low of $2.719 soon after the opening bell, prices rose to an intraday high of $2.745 at 10:30AM.  Trading along eithe ... Read More

Tuesday marked the one-year anniversary of a negative price close for the front-month WTI contract

April 21, 2021
Recap: Oil futures jumped in early trading due to a disruption in Libyan exports and expectations that U.S. crude oil inventories fell last week. However, strength in the U.S. dollar and the rising number of coronavirus cases in Asia limited gains and pushed prices to their lowes ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.749 on Monday, April 19th

April 20, 2021
Monday, April 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.713, three cents above Friday’s closing price of $2.680.  Falling to an intraday low of $2.695 by 9:20AM, prices rose steadily throughout the day as forecasts for below temperatures persist, in w ... Read More

Oil futures have slowly risen 30% this year

April 20, 2021
Recap: Oil prices continued to trade sideways on Monday, as prices pivoted above and below unchanged. Crude prices searched for direction, as a weaker dollar, and falling U.S. inventories kept a floor under this market, while the number of COVID-19 cases hit a weekly record despi ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.680 on Friday, April 16th

April 19, 2021
Friday, April 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.691, three cents above Thursday’s closing price of $2.658.  Achieving an intraday high of $2.700 at 9:20AM and an intraday low of $2.664 nearly two hours later, the contract traded within a tight ... Read More

The EIA reported the third straight weekly decline in U.S. crude oil inventories

April 19, 2021
Recap: Oil futures turned lower late in the session on Friday, but finished the week with a marked gain on signs of an economic recovery in the U.S. and China and as the outlook for demand appear rosier. China reported that its first-quarter gross domestic product jumped 18.3% on ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.658 on Thursday, April 15th

April 16, 2021
Thursday, April 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.590, three cents below Wednesday’s closing price of $2.618.  Tallying an intraday low of $2.586 within minutes of the opening bell, prices rose to trade near $2.620 by 10:00AM.  Climbing higher ... Read More

Oil futures climbed for the fourth straight session on Thursday

April 16, 2021
Recap: Oil futures climbed for the fourth straight session on Thursday, settling at their highest level in a month, as optimism over demand, amid falling U.S. crude oil inventories remains the key focus among traders. Once again, weakness in the U.S. dollar also lent support. Tra ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.618 on Wednesday, April 14th

April 15, 2021
Wednesday, April 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.651, three cents above Tuesday’s closing price of $2.619.  Ascending to an intraday high of $2.666 soon after the opening bell, prices then trended lower as forecasts for cooler temperatures h ... Read More

Oil futures climbed by almost 5% on Wednesday

April 15, 2021
Recap: Oil futures climbed by almost 5% on Wednesday, as the International Energy Agency raised its forecast for global oil demand and as U.S. government data revealed a third-weekly drop in U.S. crude oil inventories. Oil prices also got a boost from the latest demand updates, w ... Read More
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