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Several of the Largest U.S. Refineries Were Shut on Friday

December 27, 2022
Fundamental News:  TC Energy Corp said it will start returning to service its Keystone Pipeline’s idled segment to Cushing, Oklahoma in the next several days after a U.S. regulator approved its restart plan. It said “our onsite activities will continue despite adverse weather, al ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $4.999 on Thursday, December 22nd

December 23, 2022
Thursday, December 22nd saw the January NYMEX Natural Gas Futures Contract open at $5.215, twelve cents below Wednesday’s closing price of $5.332. Ascending to the intraday high of $5.425 ahead of 10:00AM, prices fell to $5.350 ahead of the weekly storage publication. Losing grou ... Read More

Oil futures fell on Thursday in a volatile trading session

December 23, 2022
Recap: Oil futures fell on Thursday in a volatile trading session as the impact of tighter U.S. crude oil supplies due to a winter storm in the U.S. was outweighed by fears that Federal Reserve interest rate hikes and China’s rising COVID cases would crimp demand. February WTI fe ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $5.332 on Wednesday, December 21st

December 22, 2022
Wednesday, December 21st saw the January NYMEX Natural Gas Futures Contract open at $5.519, nineteen cents above Tuesday’s closing price of $5.326. Tallying the intraday high of $5.609 by 9:15AM, the contract’s overnight gains can be attributed to production disruptions amidst ch ... Read More

Oil prices rose by more than $2 a barrel on Wednesday

December 22, 2022
Recap: Oil prices rose by more than $2 a barrel on Wednesday after data showed a larger-than-expected draw in U.S. crude stockpiles, but gains were capped by a snowstorm that is expected to hit U.S. travel. Prices were also boosted by hopes that China would relax some COVID-19 cu ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $5.326 on Tuesday, December 20th

December 21, 2022
Tuesday, December 20th saw the January NYMEX Natural Gas Futures Contract open at $5.416, nearly forty-four cents below Monday’s closing price of $5.851. Losing ground overnight as traders focused on the post-Christmas thaw, the contract posted a relatively quiet day. Trading wit ... Read More

US benchmark crude-oil contract for February delivery finishes 1.1% higher

December 21, 2022
Recap: The most-active US benchmark crude-oil contract for February delivery finishes 1.1% higher at $76.23 a barrel, helped by a weaker dollar that made overseas purchases of dollar-denominated crude more attractive to foreign buyers. China’s cloudy demand outlook limited gains ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $5.851 on Monday, December 19th

December 20, 2022
Monday, December 19th saw the January NYMEX Natural Gas Futures Contract open at $6.111, forty-nine cents below Friday’s closing price of $6.600. Recording the intraday high of $6.136 within minutes of the open, prices then continued lower as weekend forecasts turned unseasonably ... Read More

Oil prices rose on Monday

December 20, 2022
Recap: Oil prices rose on Monday, as optimism around China relaxing its COVID-19 restrictions outweighed fears of a global recession that would weigh on energy demand. Spreading Covid-19 in China is creating worries about demand for commodities like oil, but the announcement of t ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $6.600 on Friday, December 16th

December 19, 2022
Friday, December 16th saw the January NYMEX Natural Gas Futures Contract open at $6.484, forty-nine cents below Thursday’s closing price of $6.970. Recording the intraday low of $6.410 by 9:15AM, overnight forecasts confirmed news of arctic conditions moving in next week, as well ... Read More
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