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Oil futures fell over 3% in overnight trading on Friday

December 19, 2022
Recap: Oil futures fell over 3% in overnight trading on Friday, erasing gains made earlier in the week. Prices were pressured after rate increases by major central banks and their accompanying messages stoked fears of a global downturn. Inventory builds across the board in the Un ... Read More
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Concern About the Outlook for Fuel Demand Increased

December 16, 2022
Recap:  Oil futures fell on Thursday, as concern about the outlook for fuel demand increased, and as the U.S. dollar strengthened amid further interest rate hikes by global central banks, spreading worry among traders. Thursday’s drop in oil prices stemmed three straight days of ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $6.970 on Thursday, December 15th

December 16, 2022
Thursday, December 15th saw the January NYMEX Natural Gas Futures Contract open at $6.464, three cents above Wednesday’s closing price of $6.430. Recording the intraday low of $6.454 soon after the open, prices rose to the $6.700 level ahead of the weekly storage report at 10:30A ... Read More

January NYMEX Natural Gas Futures Contract Closed at $6.430 on Wednesday, December 14th

December 15, 2022
Wednesday, December 14th saw the January NYMEX Natural Gas Futures Contract open at $6.639, thirty cents below Tuesday’s closing price of $6.935. Marking the intraday high of $6.708 within minutes of the open, weakened overnight forecasts directed prices lower. Trading along the ... Read More

Oil Futures Rose to Their Highest Level in Just Over a Week

December 15, 2022
Recap : Despite a whopping 10.2 million barrel increase in U.S. crude oil inventories, oil futures rose to their highest level in just over a week, supported by the International Energy Agency’s forecasts for stronger demand growth this year and next. The large build in crude sto ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $6.935 on Tuesday, December 13th

December 14, 2022
Tuesday, December 13th saw the January NYMEX Natural Gas Futures Contract open at $6.995, forty-one cents above Monday’s closing price of $6.587. Chopping around either side of $7.025 through the morning hours, supported forecasts for winter to finally arrive to close out the mon ... Read More

Pipeline to the U.S. Remained Shut Amid What Potentially Could Be One of the Coldest Cold Snaps

December 14, 2022
Recap:  Oil futures rose on Tuesday, as an important pipeline to the U.S. remained shut amid what potentially could be one of the coldest of cold snaps in decades. This, along with Russia suggesting it might cut production and a cooler than expected U.S. inflation reading pressur ... Read More
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A Key Pipeline Supplying the United States Closed

December 13, 2022
Recap:  Oil prices gained about $2 a barrel on Monday on supply jitters, as a key pipeline supplying the United States closed and Russia threatened a production cut even as China's loosening COVID-19 restrictions bolstered the fuel demand outlook. Traders also worried about how l ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $6.587 on Monday, December 12th

December 13, 2022
Monday, December 12th saw the January NYMEX Natural Gas Futures Contract open at $6.874, nearly sixty-three cents above Friday’s closing price of $6.245. Moving higher prior to the open and recording a near two-week intraday high of $6.934 out of the gate, weekend forecasts all b ... Read More

January NYMEX Natural Gas Futures Contract Closed at $6.245 on Friday, December 9th

December 12, 2022
Friday, December 9th saw the January NYMEX Natural Gas Futures Contract open at $6.187, nearly twenty-three cents above Thursday’s closing price of $5.962. Making gains early on as traders continue to brace for late-month heating demand, prices rose to an intraday high of $6.391 ... Read More
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