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Oil Futures Firmed on Tuesday

November 30, 2022
Recap:  Oil futures firmed on Tuesday, as traders hoped the loosening of China’s strict COVID-19 restrictions would lead to an increase in demand. The potential for new output cuts from the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $7.196 on Monday, November 28th

November 29, 2022
Monday, November 28th saw the December NYMEX Natural Gas Futures Contract open at $6.521, fifty cents below Friday’s closing price of $7.024. With limited trading activity the December contract settled at $6.712. Ready to assume the prompt-month position January opened at $7.0 ... Read More

Oil Prices Slipped in Early Trading on Monday

November 29, 2022
Recap:  Oil prices slipped in early trading on Monday, falling close to their lowest level this year, as street protests against strict COVID-19 curbs in China, the world’s biggest crude importer, stoked concern over the outlook for fuel demand. A rebound ensued as rumors of an O ... Read More
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Oil Prices Fell as Much as 4% on Wednesday

November 28, 2022
Recap: Oil prices fell as much as 4% on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where it is currently trading and as U.S. gasoline stocks rose by 3.1 million barrels, according to the Energy Information Administration. Analysts had ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $6.779 on Tuesday, November 22nd

November 23, 2022
Tuesday, November 22nd saw the December NYMEX Natural Gas Futures Contract open at $6.548, twenty-three cents below Monday’s closing price of $6.776. Marking an intraday low of $6.512 out of the gate, the contract then moved confidently higher to tally an intraday high of $6.976 ... Read More

Oil Futures Recovered Early Tuesday From the Steep Slump Instigated on Monday

November 23, 2022
Recap:  Oil futures recovered early Tuesday from the steep slump instigated Monday by mixed news that OPEC and its allies were mulling churning out more oil. Oil prices increased on Tuesday as Saudi Arabia said the Organization of the Petroleum Exporting Countries will continue w ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $6.776 on Monday, November 21st

November 22, 2022
Monday, November 21st saw the December NYMEX Natural Gas Futures Contract open at $6.443, fourteen cents above Friday’s closing price of $6.303. With updated forecasts over the weekend call for a bullish start to December, prices continued their pre-opening momentum to span the m ... Read More

Oil Futures Experienced a Volatile Trading Session on Monday

November 22, 2022
Recap: Oil futures experienced a volatile trading session on Monday, opening slightly higher then falling to their lowest level since early January, only to recoup some of the session losses. This activity followed reports that OPEC and its allies were considering a production in ... Read More
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A Recently Strong Dollar Has Added to Oil's Declines

November 21, 2022
Recap:  Caught between recession fears and the fact that Fed officials seem unwilling to back down from their stance toward more rate-hikes specifically aimed at killing demand, in order to curb inflation combined with weakening demand in China to push oil prices lower on Friday. ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $6.303 on Friday, November 18th

November 21, 2022
Friday, November 18th saw the December NYMEX Natural Gas Futures Contract open at $6.126, twenty-four cents below Thursday’s closing price of $6.369. Prices moved lower overnight as forecasts for the end of the month turned milder than previously expected. Additionally, the Freep ... Read More
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