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Oil prices closed at their highest level in over 3 years

January 15, 2018
Recap: Oil prices closed at their highest level in over 3 years, gaining support from geopolitical tensions, increasing demand and declining U.S. stockpiles.  A break below $63.50 in February WTI triggered additional selling, taking this spot contract to just above $63.00. News o ... Read More
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EIA reported that crude stocks fell by 4.948 million barrels on the week

January 12, 2018
Recap: The oil market settled in positive territory for the fourth consecutive session after rallying to its highest level since December 8, 2014 on tightening global crude stocks and after OPEC members said they would continue to cut their production despite the gains in oil pri ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.084 on Thursday, January 11th

January 12, 2018
Thursday, January 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.977, seven cents above Wednesday’s closing price of $2.906.  The contract inched upward to exceed the $3.00 mark ahead of the weekly storage publication. The record-breaking withdrawal figur ... Read More

February NYMEX Natural Gas Futures Contracts Closed at $2.906 on Wednesday, January 10th

January 11, 2018
Wednesday, January 10th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.944, two cents above Tuesday’s closing price of $2.923. A sluggish climb brought the contract to the intraday high of $2.976 by 10:00AM. Prices plummeted shortly thereafter, tumbling down t ... Read More

Oil prices continued to move higher but were contained by the larger than expected increase in product inventories

January 11, 2018
Recap: Oil prices continued to move higher, gaining support from the 4.95 million barrel draw in U.S. crude oil inventories, but the higher move was contained by the larger than expected increase in product inventories. The sharp drop in production pushed prices to their highest ... Read More
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Both WTI and Brent rose to higher levels

January 10, 2018
Recap: With expectations that U.S. crude oil inventories fell for the eighth straight week, WTI rose to its highest level since December 2014 and Brent reached a new 2.5 year high. After opening higher on the day, prices retreated toward unchanged, but bounced on failure to trade ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $2.923 on Tuesday, January 9th

January 10, 2018
Tuesday, January 9th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.882, five cents above Monday’s closing price of $2.835. Prices gradually took steps downward in the opening hours of trading to reach the intraday low of $2.825 at 10:00AM. With storage withdr ... Read More

February NYMEX Natural Gas Futures Contracts Closed at $2.835 on Monday, January 8th

January 9, 2018
Monday, January 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.828, three cents above Friday’s closing price of $2.795. The intraday high peaked at $2.851 by 9:10 AM. The contract then traded within a three-cent band before sinking to the $2.78 mark at 12: ... Read More

Oil prices are caught between rising US production, political tensions and OPEC production cuts

January 9, 2018
Recap: Activity in the oil markets was subdued on Monday, with prices caught between rising U.S. production, political tensions in Iran and OPEC production cuts. Both Brent and WTI traded on both sides of unchanged, with prices holding close to 2.5 year highs as traders try to ba ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $2.795 on Friday, January 5th

January 8, 2018
Friday, January 5th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.776, nearly ten cents below Thursday’s closing price of $2.880.  Marking the intraday low right of the gate, the contract trudged gradually upward into the morning. Prices peaked at the intrada ... Read More
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