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Oil futures closed higher for the fourth straight week

June 21, 2021
Recap: Oil futures reversed early losses on Friday to close higher for the fourth straight week, shaking off much of its post Fed price decline and after OPEC sources said the producer group expected limited U.S. oil output growth this year despite rising prices. The group’s outl ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.253 on Thursday, June 17th

June 18, 2021
Thursday, June 17th saw the front-month NYMEX Natural Gas Futures Contract open at $3.220, three cents below Wednesday’s closing price of $3.251.  Climbing to $3.225 ahead of the weekly storage publication, prices spiked to $3.258 as the report hit the wire at 10:30AM.  Withdrawi ... Read More

Oil futures tumbled on Thursday as the U.S. dollar strengthened

June 18, 2021
Recap: Oil futures tumbled on Thursday as the U.S. dollar strengthened after the Federal Reserve signaled it might raise interest rates as soon as 2023. Financial investors, who had loaded up on commodities as safe haven against inflation, bolted for the exits. Iran’s Deputy Fore ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.251 on Wednesday, June 16th

June 17, 2021
Wednesday, June 16th saw the front-month NYMEX Natural Gas Futures Contract open at $3.204, four cents below Tuesday’s closing price of $3.240.  Tagging an intraday low of $3.195 soon after the opening bell, prices rose steadily to reach an intraday high of $3.274 at 11:00AM.  Re ... Read More

Oil futures hit their highest level since October 2018

June 17, 2021
Recap: Oil futures pared earlier gains after U.S. Federal Reserve Chairman Powell said inflation could turn out to be higher and more persistent than expected. The dollar strengthened following the policy announcement, weighing on commodities across the board. Interest rates were ... Read More
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A tropical disturbance coming up through the Gulf of Mexico has put traders on alert

June 16, 2021
Recap: A north bound tropical disturbance is coming up through the Gulf of Mexico and is expected to reach the far upper Texas coast or along the coast of Louisiana. This disturbance has the potential of becoming a tropical storm, which has put traders on alert. The possibility o ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $ 3.240 on Tuesday, June 15th

June 16, 2021
Tuesday, June 15th saw the front-month NYMEX Natural Gas Futures Contract open at $3.336, a penny above Monday’s closing price of $3.352.  Ascending to an intraday high of $3.353 soon after the opening bell, the contract bounced around the $3.340 level until 10:30AM as prices sta ... Read More

July NYMEX Natural Gas Futures Contract Closed at $3.352 on Monday, June 14th

June 15, 2021
Monday, June 14th saw the front-month NYMEX Natural Gas Futures Contract open at $3.301, just above Friday’s closing price of $3.296.  Falling to an intraday low of $3.273 by 10:00AM, the contract crossed midday near $3.302 before climbing aggressively into the afternoon.  An inc ... Read More

Oil futures ended slightly lower on Monday

June 15, 2021
Recap: Oil futures ended slightly lower on Monday, reversing earlier gains, as traders continued to monitor demand for crude oil. The rally is being fueled by bullish demand optimism and steady OPEC+ supply cuts. Demand growth is expected to increase and more economies to reopen. ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.296 on Friday, June 11th

June 14, 2021
Friday, June 11th saw the front-month NYMEX Natural Gas Futures Contract open at $3.236, nine cents above Thursday’s closing price of $3.149.  Supported by an expected increase in cooling demand to close out the month, prices rose overnight and continued well into the day.  Marki ... Read More
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