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April NYMEX Natural Gas Futures Contract Closed at $2.348 on Tuesday, March 21st

March 22, 2023
Tuesday, March 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.165, six cents below Monday’s closing price of $2.223. Falling overnight due to fading heating demand expectations, prices reached the intraday low of $2.127 within minutes of the open. Treading ... Read More

The Oil Market Extended its Gains for a Second Consecutive Day

March 22, 2023
Recap: The oil market extended its gains for a second consecutive day on Tuesday as global banking concerns eased and traders await the outcome of the Federal Reserve’s monetary policy meeting that started on Tuesday. The oil market posted its low of $66.77 in overnight trading b ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.223 on Monday, March 20th

March 21, 2023
Monday, March 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.372, three cents above Friday’s closing price of $2.338. Marking the intraday high of $2.388 within minutes of the open, the contract then traded lower as weather driven demand is expected to wea ... Read More

The oil market on Monday saw a late day rally and ended higher

March 21, 2023
Recap: The oil market on Monday saw a late day rally and ended higher, recouping some of last week’s sharp losses.  Early in the session, the market continued on its downward trend on concerns of risks in the global banking sector. The market traded lower to a low of $64.12 as a ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.338 on Friday, March 17th

March 20, 2023
Friday, March 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.425, nine cents below Thursday’s closing price of $2.514. Extending to reach the intraday high of $2.430 ahead of 9:30AM, prices then trended lower despite the forecasted frigid end to the month. ... Read More

U.S. energy firms this week added the most natural gas rigs in a week in over four years

March 20, 2023
Recap: On Friday, the oil market posted an outside trading day after it posted an inside trading session on Thursday. It recovered some ground early on Friday following the news of Credit Suisse and First Republic Bank avoided bank failures with support measures that shored up th ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.514 on Thursday, March 16th

March 17, 2023
Thursday, March 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.472, three cents above Wednesday’s closing price of $2.439. Ascending to the $2.500 level by 10:00AM, the contract traded sideways until the 10:30AM storage report. Plunging to the intraday low ... Read More

Fears of a Global Banking Crisis

March 17, 2023
Recap:  The oil market posted an inside trading day following Wednesday’s sharp selloff on fears of a global banking crisis. The market traded mostly sideways in overnight trading as Credit Suisse said it would borrow $54 billion from the Swiss central bank to increase its liquid ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.439 on Wednesday, March 15th

March 16, 2023
Wednesday, March 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.521, five cents below Tuesday’s closing price of $2.573. Recording the intraday high of $2.530 within minutes of the opening bell, prices stepped lower to stabilize near $2.470 through 10:30AM ... Read More

The Oil Market Sold Off to its Lowest Level in More Than a Year

March 16, 2023
Recap:  The oil market sold off to its lowest level in more than a year as a brewing banking crisis could impact global economic growth. In overnight trading, the oil market retraced some of its previous losses and posted a high of $72.56 amid an increase in China’s economic acti ... Read More
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