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July NYMEX Natural Gas Futures Contract Closed at $2.325 on Thursday, June 13th

June 14, 2019
Thursday, June 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.369, nearly two cents below Wednesday’s closing price of $2.386.  Fluctuating along either side of $2.360 through 10:30AM, prices momentarily spiked to an intraday high of $2.379 as the weekly s ... Read More

Oil prices surged after apparent attacks on tankers in Gulf of Oman

June 14, 2019
Recap:  Oil prices surged in early trading on Thursday, rebounding from their lowest settlement in about five months after apparent attacks on two tankers in the Gulf of Oman increased tensions in that region, potentially posing a threat to global crude supplies. July WTI rose $2 ... Read More

The EIA report reflected a 2.2 million barrel build in U.S. crude inventories

June 13, 2019
Recap: Oil prices fell sharply on Wednesday, after the EIA report reflected a 2.2 million barrel build in U.S. crude inventories. Analysts were expecting a decrease of 481,000 barrels. Today’s report put U.S. crude oil inventories at their highest level since July of 2017 and abo ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.399 on Tuesday, June 11th

June 12, 2019
Tuesday, June 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.361, slightly above Monday’s closing price of $2.357.  Recording an intraday low of $2.336 by 9:30AM, the contract showed life once again yesterday morning to recover from two-year lows.  With sh ... Read More

The EIA reduced its forecasts for oil prices amid signs of an economic slowdown

June 12, 2019
Recap: It was another choppy day for oil prices, which began the session trading above unchanged, supported by expectations that OPEC and other major producers would extend supply cuts. Prices reversed to the downside as the EIA reduced its forecasts for oil prices amid signs of ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.357 on Monday, June 10th

June 11, 2019
Monday, June 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.350, more than a penny above Friday’s closing price of $2.337.  With hopes of warmer temperatures arriving for the second half of June, the contract posted a staggered ascent throughout the day as ... Read More

Trade tensions between the U.S. and China continued to raise demand concerns

June 11, 2019
Recap: Oil prices firmed in early trading in what was choppy market conditions on Monday, as Saudi Arabia and Russia had yet to agree on extending an output curbing deal and as trade tensions between the U.S. and China continued to raise demand concerns. Within the first 5 minute ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.337 on Friday, June 7th

June 10, 2019
Friday, June 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.339, more than a penny above Thursday’s closing price of $2.324.  Despite losing ground early on to record an intraday low of $2.306 at 9:40AM, prices soon reversed direction to ascend to an intrad ... Read More

Oil prices rose more than 2% on Friday

June 10, 2019
Recap: Oil prices rose more than 2% on Friday, after falling to five-month lows this week, after Saudi Arabia said OPEC was close to agreeing to extend an output production cut beyond June. August Brent dipped to just above unchanged before rebound to a fresh high for the week. T ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.324 on Thursday, June 6th

June 7, 2019
Thursday, June 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.361, nearly two cents below Wednesday’s closing price of $2.378.  Following a descent to $2.350 at 9:30AM, prices rose in the subsequent hour to reach an intraday high of $2.392 at 10:20AM.  Drop ... Read More
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