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December NYMEX Natural Gas Futures Contracts Closed at $3.543 on Thursday, November 9th

November 9, 2018
Thursday, November 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.544, one cent below Wednesday’s closing price of $3.555.  Ascending to the $3.56 level at 9:30AM, prices returned to the day’s opening mark an hour later as the storage report loomed.  Sinki ... Read More

Oil prices fell for the ninth consecutive session on Thursday

November 9, 2018
Recap: U.S. oil prices fell for the ninth consecutive session on Thursday, with WTI reaching a five month low and Brent falling to its lowest level in three months, as geopolitical concerns, deteriorating demand and rising output continue to overshadow U.S. imposed sanctions on I ... Read More
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December NYMEX Natural Gas Futures Contracts Closed at $3.555 on Wednesday, November 7th

November 8, 2018
Wednesday, November 7th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.507, five cents below Tuesday’s closing price of $3.555.  In a volatile day of trading, the contract traded within a five-cent range through the morning, marking the intraday low $3.492 at ... Read More

The EIA reported that U.S. crude oil production reached record levels

November 8, 2018
Recap: Oil prices fell for the eighth straight session on Wednesday after the EIA reported U.S. crude oil production reached record levels, as domestic crude oil inventories rose for the seventh week in a row. Prices began the session trading to the upside after it was reported t ... Read More
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December NYMEX Natural Gas Futures Contracts Closed at $3.555 on Tuesday, November 6th

November 7, 2018
Tuesday, November 6th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.539, three cents below Monday’s closing price of $3.567.  Inching gradually higher through the morning as wary traders evaluated their positions amidst bullish weather forecasts, prices rose ... Read More

Oil prices slipped on Tuesday

November 7, 2018
Recap: Oil prices slipped on Tuesday, as it appeared evident that traders are ignoring U.S. sanctions against Iran, especially after the U.S. granted exemptions to eight importers of Iranian oil. After gapping lower on the opening, WTI made a feeble attempt to recapture unchanged ... Read More
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December NYMEX Natural Gas Futures Contracts Closed at $3.567 on Monday, November 5th

November 6, 2018
Monday, November 5th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.536, twenty-five cents above Friday’s closing price of $3.284.  Surging overnight in anticipation of below average temperatures in the coming weeks, the contract floated along either side of $ ... Read More

The U.S. granted waivers for 8 major buyers to import oil from Iran

November 6, 2018
Recap: Oil prices  traded mostly higher on Monday as U.S. sanctions  against Iranian exports took effect but prices turned lower as the U.S. granted waivers, allowing for some major buyers to import oil from Iran. By mid-session prices fell into a downward spiral, that continued ... Read More
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December NYMEX Natural Gas Futures Contracts Closed at $3.284 on Friday, November 2nd

November 5, 2018
Friday, November 2nd saw the front-month NYMEX Natural Gas Futures Contracts open at $3.185, five cents below Wednesday’s closing price of $3.237.  Ascending from the intraday low of $3.166 at 9:10AM, prices then rose to the $3.20 where they stabilized through midday.  Launching ... Read More

Oil prices were pressured by U.S. plans to issue temporary allotments to eight countries

November 5, 2018
Recap: Oil prices fell for the fourth straight week, pressured by U.S. plans to issue temporary allotments to eight countries, which would allow them to import Iranian oil despite the imposition of U.S. sanctions. This combined with increasing global production pushed December WT ... Read More
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