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November NYMEX Natural Gas Futures Contract Closed at $2.957 on Thursday, October 19th

October 20, 2023
Thursday, October 19th saw the front-month NYMEX Natural Gas Futures Contract open at $3.028, three cents below Wednesday’s closing price of $3.056. Rising confidently to attain the $3.070 level leading up to the weekly storage publication, the contract tallied an intraday high o ... Read More

Traders Remained Concerned that Israel's Military Campaign in Gaza May Escalate into a Regional Conflict

October 20, 2023
Recap:  The oil market on Thursday posted an outside trading day as it traded lower during the overnight hours and later retraced all of its losses as traders remained concerned that Israel’s military campaign in Gaza may escalate into a regional conflict. The market traded sidew ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $3.056 on Wednesday, October 18th

October 19, 2023
Wednesday, October 18th saw the front-month NYMEX Natural Gas Futures Contract open at $3.128, five cents above Tuesday’s closing price of $3.079. Recording the intraday high within minutes of the open again, $3.158, prices got a nice boost overnight from weather patterns posting ... Read More

The Crude Market on Wednesday Retraced its Previous Losses Amid Concerns Over the Escalating Tensions in the Middle East

October 19, 2023
Recap:  The crude market on Wednesday retraced its previous losses amid concerns over the escalating tensions in the Middle East and a larger than expected draw in crude stocks. The market was well supported as tension in the Middle East increased following a deadly blast at a Ga ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $3.079 on Tuesday, October 17th

October 18, 2023
Tuesday, October 17th saw the front-month NYMEX Natural Gas Futures Contract open at $3.126, nearly two cents above Monday’s closing price of $3.109. Recording the intraday high of $3.127 within minutes of the open, the contract was directed lower once again as production remains ... Read More

The Oil Market Traded Lower on Tuesday as the Market Continued to Watch Events Unfold in the Middle East

October 18, 2023
Recap:   The oil market traded lower on Tuesday as the market continued to watch events unfold in the Middle East. It traded lower in overnight trading before it posted the day’s trading range from a high of $87.47 to a low of $85.60 by mid-day amid the concerns over geopolitics ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $3.109 on Monday, October 16th

October 17, 2023
Monday, October 16th saw the front-month NYMEX Natural Gas Futures Contract open at $3.184, five cents below Friday’s closing price of $3.236. Marking the intraday high of $3.154 minutes after the opening bell, the contract pulled to continue Friday’s retreat following healthy pr ... Read More

The Oil Market on Monday Erased Some of its Earlier Gains on Reports that the U.S. and Venezuela Could Soon Reach a Deal to Ease Sanctions on Venezuela

October 17, 2023
Recap:  The oil market on Monday erased some of its earlier gains on reports that the U.S. and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set. The U.S. and Venezuelan governments were getting ready to sign a pact as early a ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $3.236 on Friday, October 13th

October 16, 2023
Friday, October 13th saw the front-month NYMEX Natural Gas Futures Contract open at $3.274, seven cents below Thursday’s closing price of $3.344. Jumping to the intraday high of $3.302 by 9:15AM, prices retreated throughout the morning as fundamentals turned bearish following uns ... Read More

The Oil Market Rallied Over 5%, Breaking a Three Day Losing Streak on Fears that the Conflict in Israel and Gaza Could Spill Over

October 16, 2023
Recap:  On Friday, the oil market rallied over 5%, breaking a three day losing streak, on fears that the conflict in Israel and Gaza could spill over into the wider Middle East region. The market was well supported by Israel’s call for citizens in Gaza City to relocate south with ... Read More
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