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US benchmark crude-oil contract for February delivery finishes 1.1% higher

December 21, 2022
Recap: The most-active US benchmark crude-oil contract for February delivery finishes 1.1% higher at $76.23 a barrel, helped by a weaker dollar that made overseas purchases of dollar-denominated crude more attractive to foreign buyers. China’s cloudy demand outlook limited gains ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $5.851 on Monday, December 19th

December 20, 2022
Monday, December 19th saw the January NYMEX Natural Gas Futures Contract open at $6.111, forty-nine cents below Friday’s closing price of $6.600. Recording the intraday high of $6.136 within minutes of the open, prices then continued lower as weekend forecasts turned unseasonably ... Read More

Oil prices rose on Monday

December 20, 2022
Recap: Oil prices rose on Monday, as optimism around China relaxing its COVID-19 restrictions outweighed fears of a global recession that would weigh on energy demand. Spreading Covid-19 in China is creating worries about demand for commodities like oil, but the announcement of t ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $6.600 on Friday, December 16th

December 19, 2022
Friday, December 16th saw the January NYMEX Natural Gas Futures Contract open at $6.484, forty-nine cents below Thursday’s closing price of $6.970. Recording the intraday low of $6.410 by 9:15AM, overnight forecasts confirmed news of arctic conditions moving in next week, as well ... Read More

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
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