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April NYMEX Natural Gas Futures Contract Closed at $2.606 on Monday, March 13th

March 14, 2023
Monday, March 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.401, three cents below Friday’s closing price of $2.430. Taking flight from the intraday low as markets opened, prices surged higher to eclipse $2.560 at 10:00AM and marking the intraday high of ... Read More

The Market Whipsawed on Monday Amid Worries of a Possible Banking Crisis

March 14, 2023
Recap:  The oil market posted an outside trading day as the market whipsawed on Monday amid worries of a possible banking crisis. The market traded to a high of $77.47 in overnight trading due to a weaker dollar. However, the market gave up its gains and sold off sharply as the c ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.430 on Friday, March 10th

March 13, 2023
Friday, March 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.495, five cents below Thursday’s closing price of $2.543. Recording the intraday high of $2.550 within minutes of the open, the contract chopped around the $2.510 mark through the morning hours. ... Read More

The Session Ended in Positive Territory Following the Release of the February Payroll Report

March 13, 2023
Recap:  The crude oil market on Friday traded lower early in the session as it continued on its recent downward path but retraced some of its previous losses and ended the session in positive territory following the release of the February payroll report. The report showed that w ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.543 on Thursday, March 9th

March 10, 2023
Thursday, March 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.597, nearly five cents above Wednesday’s closing price of $2.551. Ascending to the intraday high of $2.639 by 10:00AM, prices moved sideways heading into the weekly storage publication. Pulling ... Read More

The Market Traded Sideways in Overnight Trading

March 10, 2023
Recap:  The oil market posted an outside trading day as the market, which looked to have taken a breather early in the session after two previous down days, continued on its downward path and sold off sharply in afternoon trading. The market traded sideways in overnight trading a ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.551 on Wednesday, March 8th

March 9, 2023
Wednesday, March 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.641, nearly five cents below Tuesday’s closing price of $2.687. Achieving the intraday high of $2.646 by 9:15AM, the contract then withdrew in the following hour to the $2.540 level as healthy ... Read More

Fears that More Aggressive U.S. Interest Rate Hikes Would Pressure Economic Growth

March 9, 2023
Recap:  The oil market on Wednesday extended its losses amid fears that more aggressive U.S. interest rate hikes would pressure economic growth. The Federal Reserve Chair reaffirmed his message of higher and potentially faster interest rate hikes but emphasized that debate was st ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.687 on Tuesday, March 7th

March 8, 2023
Tuesday, March 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.632, six cents above Monday’s closing price of $2.572. Following the previous session’s retreat, the contract traded within a four-cent range of $2.625 through midday as incoming frigid temperatu ... Read More

The Market Continued to Trade Higher Following Five Days of Gains

March 8, 2023
Recap: The oil market posted an outside trading day on Tuesday as the market continued to trade higher following five days of gains before it gave up all of Monday’s gains and more as China issued weak data and comments from U.S. Federal Reserve Chair Jerome Powell stoked rate hi ... Read More
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