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Oil prices rebounded as reports surfaced that the U.S. might hold off on tariffs it plans to impose on Mexico

June 7, 2019
Recap: Oil prices rebounded on Thursday, after falling to nearly five month lows the previous session, as reports surfaced that the U.S. might hold off on tariffs it plans to impose on Mexico. July WTI experienced an early morning push above unchanged however, early buyers turned ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.378 on Wednesday, June 5th

June 6, 2019
Wednesday, June 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.407, a penny below Tuesday’s closing price of $2.416.  Shedding another penny within minutes of the opening bell, prices seesawed along $2.395 until 11:00AM, when $2.385 became the next support ... Read More

The EIA reported a build of 6.8 million barrels in U.S. crude oil inventories

June 6, 2019
Recap: Oil prices fell to their lowest level since the beginning of January as the EIA reported a shocking build of 6.8 million barrels in U.S. crude oil inventories, which rose to their highest level in almost two years. Futures strengthened slightly early in the session and the ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.416 on Tuesday, June 4th

June 5, 2019
Tuesday, June 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.394, nearly even to Friday’s closing price of $2.403.  Slipping to the intraday low of $2.381 as markets opened, prices soon reversed direction to ascend into the morning.  Correcting from oversol ... Read More

Oil traders looked to take advantage of the nearly 5 month low in oil prices

June 5, 2019
Recap: Oil prices rebounded after suffering early losses on Tuesday, ending a four day losing streak. A recovery in equities prompted oil traders into bottom picking mode, as they looked to take advantage of the nearly 5 month low in oil prices. Both Brent and WTI were trading lo ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.403 on Monday, June 3rd

June 4, 2019
Monday, June 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.452, nearly even to Friday’s closing price of $2.454.  Losing support from optimistic bulls, the latest weather forecasts have stripped any hope of recovering from Friday’s sell off.  Tallying an i ... Read More

Saudi Arabia offered some reassurance that OPEC and its allies would continue to tighten the market

June 4, 2019
Recap: The oil market continued on its downward trend and posted a low of $52.11 when the market reopened on Sunday night.  However, the market bounced off its low and retraced its losses after Saudi Arabia offered some reassurance that OPEC and its allies would continue to tight ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.454 on Friday, May 31st

June 3, 2019
Friday, May 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.545, nearly even to Thursday’s closing price of $2.547.  Falling from the intraday high of $2.548 within minutes of the opening bell, the previous session’s bearish injection continued to influence ... Read More

The oil market plunged on Friday to almost a three-month low

June 3, 2019
Recap: The oil market plunged on Friday to almost a three-month low after President Donald Trump, late Thursday, announced a plan to impose a 5% tariff on all goods coming from Mexico starting on June 10th and raise them to 25% over the following four months until illegal immigra ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.547 on Thursday, May 30th

May 31, 2019
On Thursday, May 30th – the July NYMEX Natural Gas Futures Contract began trading as the prompt month.  Opening at $2.587, four cents below Wednesday’s closing price of $2.624, prices slid modestly lower to settle in along $2.580 ahead of 10:30AM.  Plummeting below the $2.54 leve ... Read More
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