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August NYMEX Natural Gas Futures Contract Closed at $3.700 on Friday, July 2nd

July 6, 2021
Friday, July 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $3.647, slightly below Thursday’s closing price of $3.661.  Marking an intraday low of $3.639 soon after the opening bell, the contract began a gradual ascent to cross midday near $3.680.  Marking an ... Read More

Oil futures traded mixed on Friday after OPEC+ delayed its meeting

July 6, 2021
Recap: Oil futures traded mixed on Friday after OPEC+ delayed its meeting, with sources saying the United Arab Emirates (UAE) had balked at proposals that included raising supply by 2 million barrels per day by year end. Both benchmark contracts had gained on Thursday after OPEC+ ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $3.661 on Thursday, July 1st

July 2, 2021
Thursday, July 1st saw the front-month NYMEX Natural Gas Futures Contract open at $3.730, eight cents above Wednesday’s closing price of $3.650.  Recording the intraday high of $3.748 soon after markets opened, the contract moved decidedly lower to trade near $3.665 ahead of the ... Read More

WTI climbed above $75 a barrel for the first time since October 2018

July 2, 2021
Recap: WTI climbed above $75 a barrel for the first time since October 2018, as the market waited for a decision from OPEC+ on future production levels. The ministerial panel recommended a gradual increase in oil output to the end of the year. The Joint Ministerial Monitoring Com ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $3.650 on Wednesday, June 30th

July 1, 2021
Wednesday, June 30th saw the front-month NYMEX Natural Gas Futures Contract open at $3.736, nearly eleven cents above Tuesday’s closing price of $3.630.  Marking an intraday high of $3.751 within minutes of the opening bell, prices then trended lower as markets looked for directi ... Read More

The EIA reported that U.S. crude oil inventories fell 6.7 million barrels

July 1, 2021
Recap: Oil futures fell from session highs, but remained in positive territory after the Energy Information Administration said U.S. crude oil inventories fell 6.7 million barrels in the week ending June 25, marking the sixth straight week of declines. Upon the initial selloff, p ... Read More
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Oil futures initially traded to the downside on Tuesday

June 30, 2021
Recap: Oil futures initially traded to the downside on Tuesday, but recovered, as investors monitored a pickup in the spread of the delta variant of the virus that causes COVID-19 and awaited an OPEC+ decision on whether to further lift curbs on crude production. The decision by ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $3.593 on Monday, June 28th

June 29, 2021
Monday, June 28th – settlement day for the July Contract – saw the front-month NYMEX Natural Gas Futures Contract open at $3.559, six cents above Friday’s closing price of $3.496.  Marking an intraday low of $3.554 soon after the opening bell, the contract posted a staggered asce ... Read More

Oil futures fell on Monday after hitting their highest level since 2018 earlier in the session

June 29, 2021
Recap: Oil futures fell on Monday after hitting their highest level since 2018 earlier in the session, as a spike in COVID-19 cases in Asia and Europe stunted the rally before this week’s OPEC+ meeting. August WTI traded at a high of $74.45 before tumbling to a session low of $72 ... Read More
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July NYMEX Natural Gas Futures Contract Closed at #

June 28, 2021
Friday, June 25th saw the front-month NYMEX Natural Gas Futures Contract open at $3.439, two cents above Thursday’s closing price of $3.418.  Marking an intraday low of $3.429 shortly after 9:00AM, the contract continued its rally to mark a fresh two and a half year intraday high ... Read More
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