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Oil prices fell by as much as 3.7 percent on Tuesday

January 23, 2019
Recap: Oil prices fell by as much as 3.7 percent on Tuesday, as concern over a slowing global economy stepped to the forefront. On Monday, oil prices were slightly higher, still running on the Friday news of the drop in the U.S. oil rig count, although signs of a slowing Chinese ... Read More
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IIR Energy reported that US oil refiners are expected to shut in 1.1 million bpd of capacity in the week ending January 25th

January 22, 2019
Recap: Due to the Martin Luther King, Jr. holiday there are no settlements for Monday, January 21st.  Fundamental News: Oil exports from southern Iraq are holding close to a record high so far in 2019.  Southern Iraqi exports in the first 21 days of January averaged 3.6 millio ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.482 on Friday, January 18th

January 21, 2019
Friday, January 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.246, nearly seventeen cents below Thursday’s closing price of $3.413.  Falling to the intraday low of $3.201 as markets opened, prices then began an upward crawl as traders continued to evalua ... Read More

The oil market was supported by reports of declining OPEC production

January 21, 2019
Recap: The oil market traded higher on Friday, supported by reports of declining OPEC production and hopes for a resolution to the US-China trade dispute.  The crude market opened 16 cents higher at $52.23 as the market continued to trend higher following Thursday afternoon’s ups ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.413 on Thursday, January 17th

January 18, 2019
Thursday, January 17th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.535, fifteen cents above Wednesday’s closing price of $3.384.  Testing the market’s upper limits early on, the contract tallied the intraday high of $3.562 at 9:30AM and traded within a tigh ... Read More

There continues to be concerns of a slowdown in economic growth cutting oil demand

January 18, 2019
Recap: The oil market opened relatively unchanged and traded lower on Thursday in line with US and global equities markets amid the continuing concerns of a slowdown in economic growth cutting oil demand.  The crude market sold off to a low of $50.98 by mid-day.  The market later ... Read More
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EIA report showed larger than expected builds in gasoline and heating oil stockpiles

January 17, 2019
Recap: After climbing higher in overnight trading, oil prices slipped after the EIA report showed larger than expected builds in both gasoline and heating oil stockpiles. Gasoline stocks increase 7.5 million barrels and are now set at 255.6 million barrels, the highest weekly lev ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.384 on Wednesday, January 16th

January 17, 2019
Wednesday, January 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.652, fifteen cents above Tuesday’s closing price of $3.501.  Extending to a three week intraday high of $3.696 out of the gate, the contract floated around the $3.66 level until 11:00AM whe ... Read More

February NYMEX Natural Gas Futures Contracts Closed at $3.501 on Tuesday, January 15th

January 16, 2019
Tuesday, January 15th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.607, nearly two cents above Monday’s closing price of $3.591.  Tallying the intraday high of $3.611 as markets opened, the contract stepped lower through the morning after surging higher on M ... Read More

Oil prices rose by as much as 3 percent on Tuesday

January 16, 2019
Recap: Oil prices rose by as much as 3 percent on Tuesday after falling more than 2 percent on Monday. The rise in prices came as China presented measures to stabilize its slowing economy. Since the beginning of the New Year, oil prices have been rising as economic woes begin to ... Read More
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