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September NYMEX Natural Gas Futures Contract Closed at $9.336 on Friday, August 19th

August 22, 2022
Friday, August 19th saw the September NYMEX Natural Gas Futures Contract open at $8.973, twenty-one cents below Monday’s closing price $9.188. Marking the intraday low of $8.935 within minutes of the open, prices rose steadily as production concerns continue, only now the threat ... Read More

The Market Continued on its Upward Trend in Mid-Day Trading as it Breached its Previous High

August 22, 2022
Recap:  On Friday, the oil market traded mostly sideways and looked ready to post an inside trading day. However, the market continued on its upward trend in mid-day trading as it breached its previous high. The market, which had sold off more than $2 early in the session as it p ... Read More
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The Market was Driven Higher by the Momentum from Wednesday's Bullish EIA Crude Inventory

August 19, 2022
Recap:  The oil market continued to trade higher on Thursday after it posted an inside trading day on Wednesday. The market was driven higher by the momentum from Wednesday’s bullish EIA crude inventory draw, increased product demand and the apparent stall in Iranian nuclear nego ... Read More
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The Oil Market on Wednesday Posted an Inside Trading Day

August 18, 2022
Recap:  The oil market on Wednesday posted an inside trading day after failing to breach its previous trading range. The market posted a low of $85.88 in overnight trading, holding its support at its previous low of $85.73, and traded sideways ahead of the release of the EIA’s we ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $9.329 on Tuesday, August 16th

August 17, 2022
Tuesday, August 16th saw the September NYMEX Natural Gas Futures Contract open at $9.266, fifty-four cents above Monday’s closing price $8.728. Trading within a forty-cent range throughout the day as weather forecasts remain unchanged, analysts pointed to a decline in production ... Read More

The Crude Market Looked Ready to Post an Inside Trading Day on Tuesday

August 17, 2022
Recap: The crude market looked ready to post an inside trading day on Tuesday as it traded within Monday’s trading range early in the session before it sold off later in the day. The market traded sideways and posted a high of $90.65 early in the morning as the market awaited new ... Read More
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On Monday, the Oil Market Extended its Previous Losses Seen on Friday

August 16, 2022
Recap:  On Monday, the oil market extended its previous losses seen on Friday as traders weighed concerns about China’s demand and the prospect for more Iranian supply. The market, which posted a high of $92.10 on the opening overnight, breached its previous lows as it fell more ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $8.728 on Monday, August 15th

August 16, 2022
Monday, August 15th saw the September NYMEX Natural Gas Futures Contract open at $8.520, twenty-five cents below Friday’s closing price $8.768. Losing ground over the weekend due to updated forecasts, which lost a few cooling degree days, prices marked the intraday low of $8.403 ... Read More

September NYMEX Natural Gas Futures Contract Closed at $8.768 on Friday, August 12th

August 15, 2022
Friday, August 12th saw the September NYMEX Natural Gas Futures Contract open at $8.718, sixteen cents below Thursday’s closing price $8.874. Marking the intraday low of $8.657 out of the gate, the contract posted an unsteady ascent through the morning. Peaking at the intraday hi ... Read More

The Oil Market on Friday Pulled Back Following Thursday's Sharp Rally

August 15, 2022
Recap:  The oil market on Friday pulled back following Thursday’s sharp rally on expectations that the supply disruption in the U.S. Gulf of Mexico would be short-term. While the market traded higher early in the session and attempted to test its upside, the market held resistanc ... Read More
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