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January NYMEX Natural Gas Futures Contract Closed at $5.469 on Tuesday, December 6th

December 7, 2022
Tuesday, December 6th saw the January NYMEX Natural Gas Futures Contract open at $5.472, nearly eleven cents below Monday’s closing price of $5.577. Ascending to the intraday high of $5.634 ahead of 10:00AM, overnight updates to both the American and European weather models showe ... Read More

A Price Cap of $60 a Barrel Took Effect on Monday

December 6, 2022
Recap: Oil futures turned lower on Monday, adding to last week's gain, after a European Union ban on importing Russian seaborne crude and a price cap of $60 a barrel took effect Monday, while OPEC kept its production quotas unchanged at a Sunday meeting. The West imposed sanction ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $5.577 on Monday, December 5th

December 6, 2022
Monday, December 5th saw the January NYMEX Natural Gas Futures Contract open at $5.832, forty-five cents below Friday’s closing price of $6.281. Recording an intraday high of $5.865 by 9:30AM, prices continued to trend lower as the latest forecasts removed expected heated demand ... Read More

Crude Oil Prices Fell Friday After the European Union Reached a Deal

December 5, 2022
Recap: Crude oil prices fell Friday after the European Union reached a deal to cap Russian oil at $60 a barrel. The price cap, which will ban Western companies from insuring, financing or shipping Russian oil, is intended to keep Russian crude flowing into the global market with ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $6.281 on Friday, December 2nd

December 5, 2022
Friday, December 2nd saw the January NYMEX Natural Gas Futures Contract open at $6.550, nineteen below Thursday’s closing price of $6.738. Reaching an intraday high of $6.679 by 11:15AM, the contract continued its pre-opening bell decline as the latest forecasts remain bearish. A ... Read More

January NYMEX Natural Gas Futures Contract Closed at $6.738 on Thursday, December 1st

December 2, 2022
Thursday, December 1st saw the January NYMEX Natural Gas Futures Contract open at $7.104, seventeen above below Wednesday’s closing price of $6.930. Marking the intraday high of $7.213 by 9:15AM, prices trended lower to reach the $7.030 mark ahead of the weekly storage report. Si ... Read More

Oil Futures Rose on Thursday after China Eased COVID Restrictions in Two Major Cities

December 2, 2022
Recap: Oil futures rose on Thursday after China eased COVID restrictions in two major cities, while the U.S. dollar slumped on the view that the Federal Reserve might slow down on interest rate hikes. The shift in China's zero-COVID strategy raised optimism about a recovery in oi ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $6.930 on Wednesday, November 30th

December 1, 2022
Wednesday, November 30th saw the January NYMEX Natural Gas Futures Contract open at $7.181, five cents below Tuesday’s closing price of $7.235. Peaking at an intraday high of $7.285 at 9:30AM, prices then moved lower as early December forecasts fail to impress. Until the expected ... Read More

Oil Prices Rose as Much as $3 on Wednesday Amid Optimism

December 1, 2022
Recap: Oil prices rose as much as $3 on Wednesday amid optimism that China will ease lockdown restrictions, bolstering the economy and demand for fuel, while supplies dropped in the U.S. and a weaker dollar made crude cheaper for foreign buyers. Brent crude, the international sta ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $7.235 on Tuesday, November 29th

November 30, 2022
Tuesday, November 29th saw the January NYMEX Natural Gas Futures Contract open at $7.282, nine cents above Monday’s closing price of $7.196. Climbing to the intraday high of $7.421 by 10:10AM, traders are awaiting the next catalyst as weather forecasts remain stale. Trading withi ... Read More
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