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WTI hit its highest intraday level since 2018

June 14, 2021
Recap: Oil futures finished the session with its third straight week of gains, as the International Energy Agency warned the market will need extra supply next year. WTI hit its highest intraday level since 2018, with the July contract topping the session at $71.24, the highest l ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.149 on Thursday, June 10th

June 11, 2021
Thursday, June 10th saw the front-month NYMEX Natural Gas Futures Contract open at $3.161, three cents above Wednesday’s closing price of $3.129.  Trading along either side of $3.175 through 10:00AM, prices rose to the $3.190 level ahead of the weekly storage publication.  Ascend ... Read More

WTI traded above $70 a barrel for the second straight session

June 11, 2021
Recap:  It was a rollercoaster ride for oil futures on Thursday, with WTI trading above $70 a barrel for the second straight session, drawing support from higher-than-forecast U.S. inflation data. The climb above $70 only to come crashing down below $69 a barrel on an unconfirmed ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.129 on Wednesday, June 9th

June 10, 2021
Wednesday, June 9th saw the front-month NYMEX Natural Gas Futures Contract open at $3.150, two cents above Tuesday’s closing price of $3.128.  Marking an intraday high of $3.168 at 9:30AM, prices trended lower until finding support near $3.135 by midday.  Awaiting today’s storage ... Read More

The EIA reported a 7 million barrel build in U.S. gasoline inventories

June 10, 2021
Recap: Early gains in oil futures were erased on Wednesday after the EIA reported a 7 million barrel build in U.S. gasoline inventories and an increase of 4.4 million barrels in distillate stockpiles. Oil prices appeared headed for a second session of gains on hopes for increasin ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.128 on Tuesday, June 8th

June 9, 2021
Tuesday, June 8th saw the front-month NYMEX Natural Gas Futures Contract open at $3.161, nine cents above Monday’s closing price of $3.070.  Posting gains early on to reach an intraday high of $3.198 at 9:40AM, updated weather models have introduced additional cooling days into t ... Read More

Oil futures reversed early losses on Tuesday

June 9, 2021
Recap: Oil futures reversed early losses on Tuesday after the EIA, in its monthly report, lifted its forecast for WTI and Brent prices for this year and as traders remain optimistic that demand will increase as the global effort to reopen after shutting down due to Covid-19. July ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.070 on Monday, June 7th

June 8, 2021
Monday, June 7th saw the front-month NYMEX Natural Gas Futures Contract open at $3.054, four cents below Friday’s closing price of $3.097.  Falling to an intraday low of $3.033 at 9:10AM, the contract mounted a staggered recovery throughout the morning to tally an intraday high o ... Read More

Oil futures pulled back from two-year highs on Monday

June 8, 2021
Recap: Oil futures pulled back from two-year highs on Monday, pressured by the prospect of higher Iranian exports and lower Chinese demand. However, increased demand expectations for both Europe and the U.S. placed a floor under the market, as these locations commence the reopeni ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.097 on Friday, June 4th

June 7, 2021
Friday, June 4th saw the front-month NYMEX Natural Gas Futures Contract open at $3.050, a penny above Thursday’s closing price of $3.041.  Slipping to an intraday low of $3.024 by 10:00AM, prices moved decisively higher at midday as pipeline issues persist in Texas.  Ascending to ... Read More
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