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June NYMEX Natural Gas Futures Contract Closed at $2.355 on Thursday, April 27th

April 28, 2023
Thursday, April 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.297, a penny below Wednesday’s closing price of $2.305. Trading along either side of the $2.325 level in the session’s opening ninety minutes, prices dipped to an intraday low of $2.285 as the ... Read More

The Oil Market on Thursday Retraced Some of Wednesday's Sharp Losses and Remained Mostly Rangebound

April 28, 2023
Recap:  The oil market on Thursday retraced some of Wednesday’s sharp losses and remained mostly rangebound. The market steadied as Russia’s Deputy Prime Minister, Alexander Novak, described oil markets as balanced and said the OPEC+ group does not see the need for further oil ou ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.305 on Wednesday, April 26th

April 27, 2023
Wednesday, April 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.215, nine cents below Tuesday’s closing price of $2.307. Retreating throughout the day, May settled lower on Wednesday at $2.117. The more actively traded June contract opened at $2.347, ni ... Read More

The Oil Market Continued to Trend Lower on Wednesday, Extending the Losses Seen During Tuesday's Session

April 27, 2023
Recap:  The oil market continued to trend lower on Wednesday, extending the losses seen during Tuesday’s session as weak economic data raised concerns over a recession. The market retraced some of its previous losses in overnight trading as it traded to a high of $77.93. However, ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.307 on Tuesday, April 25th

April 26, 2023
Tuesday, April 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.214, five cents below Monday’s closing price of $2.273. Posting a steady rise throughout the day, marking an intraday high of $2.312 ahead of 2:30PM, May closed higher on Tuesday at $2.307. T ... Read More

The Oil Market Traded Lower on Tuesday After Two Sessions of Gains

April 26, 2023
Recap:   The oil market traded lower on Tuesday after two sessions of gains as concerns over the global economic outlook and a firmer dollar countered optimism about demand in China. The oil market posted a high of $79.07 in overnight trading. However, as the market failed to tes ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.273 on Monday, April 24th

April 25, 2023
Monday, April 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.198, three cents below Friday’s closing price of $2.233. Tallying the intraday low of $2.193 by 9:30AM, prices mounted a staggered ascent that would bump up against the $2.280 level multiple time ... Read More

The Market Erased Some of Friday's Gains in Overnight Trading

April 25, 2023
Recap:  The oil market on Monday retraced some more of its previous losses after the market settled in positive territory on Friday, although it had posted a weekly decline of more than 5%. The market erased some of Friday’s gains in overnight trading and posted a double bottom a ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.233 on Friday, April 21st

April 24, 2023
Friday, April 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.243, nearly even to Thursday’s closing price of $2.249. Climbing to the intraday high of $2.256 ahead of 9:30AM, steady bullish weather forecasts have provided support as the contract has stabili ... Read More

The Oil Market Ended the Session Higher but Still Posted a Weekly Loss

April 24, 2023
Recap:  The oil market ended the session higher but still posted a weekly loss following its sharp losses earlier in the week as interest rate uncertainty weighed on the market. The market opened down 24 cents at $77.13 and continued to backfill its gap as it traded to a low of $ ... Read More
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