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October NYMEX Natural Gas Futures Contract Closed at $4.568 on Tuesday, September 7th

September 8, 2021
Tuesday, September 7th saw the front-month NYMEX Natural Gas Futures Contract open at $4.647, nearly seven cents below Friday’s closing price of $4.712. Reaching an intraday high of $4.687 by 9:10AM, the contract then pulled back to arc lower through the morning. Given the previo ... Read More

Production in the Gulf of Mexico is still hindered by the effects of Hurricane Ida

September 8, 2021
Recap: The slide in oil prices that began last week continued throughout Tuesday’s session after it was reported that Saudi Arabia made deep cuts to crude oil contract prices for Asia. State run oil group, Saudi Aramco announced on Sunday it will cut October official selling pric ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $4.712 on Friday, September 3rd

September 7, 2021
Friday, September 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $4.716, seven cents above Thursday’s closing price of $4.641. Lacking volatility heading into the long weekend, the contract traded within a tight band near $4.690 for the majority of the day, ma ... Read More

Oil prices rose early in the session on Friday

September 7, 2021
Recap: Oil prices rose early in the session on Friday, as a rebound in global demand was widely expected and a slow recovery for the U.S. Gulf Coast export and refining hub from the hurricane earlier this week looked set to deplete stocks further. The shut in of production in the ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $4.641 on Thursday, September 2nd

September 3, 2021
Thursday, September 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $4.663, five cents above Wednesday’s closing price of $4.615. Trending higher soon after the opening bell, prices traded within three cents of $4.645 leading up to the weekly storage publicatio ... Read More

Oil futures rose more than $1 per barrel

September 3, 2021
Recap: Oil futures rose more than $1 per barrel on Thursday, rebounding on optimism about the pace of the global economic recovery in spite of the coronavirus pandemic, as well as a sharp decline in U.S. crude oil inventories. Prices moved higher despite OPEC+’s decision to leave ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $4.615 on Wednesday, September 1st

September 2, 2021
Wednesday, September 1st saw the front-month NYMEX Natural Gas Futures Contract open at $4.462, nine cents above Tuesday’s closing price of $4.377. Marking an intraday low of $4.442 by 9:10AM, prices soon broke-out to the upside as production concerns persist in the wake of Hurri ... Read More

The oil market traded higher in overnight trading ahead of the OPEC+ meeting

September 2, 2021
Recap: The oil market traded higher in overnight trading ahead of the OPEC+ meeting, posting a high of $69.24 before it erased some of its gains and started to trend lower.  The market, which was holding support at its previous lows, sold off sharply on the comments made by Russi ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $4.377 on Tuesday, August 31st

September 1, 2021
Tuesday, August 31st saw the front-month NYMEX Natural Gas Futures Contract open at $4.255, five cents below Monday’s closing price of $4.305. Marking the intraday low of $4.248 soon after the opening bell, prices began a staggered ascent before surging to the upside at 11:00AM.  ... Read More

The oil market posted an inside trading day on Tuesday

September 1, 2021
Recap: The oil market posted an inside trading day on Tuesday as the market erased some of its previous gains and found support over the $68.00 level.  The market traded lower amid the concerns that the power outages and flooding in Louisiana in the wake of Hurricane Ida will cut ... Read More
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