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Oil futures fell on Friday following news that President Donald Trump has contracted COVID-19

October 5, 2020
Recap: Oil futures fell on Friday following news that President Donald Trump has contracted COVID-19, adding pressure to a market that has already been dipping on concerns about the number of rising cases worldwide and its impact on demand. This news sent a wave of uncertainty th ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.438 on Friday, October 2nd

October 5, 2020
Friday, October 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.426, ten cents below Thursday’s closing price of $2.527.  Battling back from declines of $0.10 or more in the past two trading days, Friday displayed much of the same resilience as prices marked ... Read More

Further shutdowns due to the spread of coronavirus cases across the globe fueled demand concerns

October 2, 2020
Recap: Oil futures fell on Thursday, as the potential of further shutdowns due to the spread of coronavirus cases across the globe fueled demand concerns. Oil futures were sharply lower, with prices posting their lowest settlement in two-weeks. November WTI fell $1.50, or 3.7%, t ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.527 on Thursday, October 1st

October 2, 2020
Thursday, October 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.538, a penny above Wednesday’s closing price of $2.527.  Jumping to an intraday high of $2.559 by 9:15AM, the contract then moved lower to stabilize near $2.480 ahead of 10:30AM.  Lacking any ... Read More

The EIA reported the third consecutive weekly decline in U.S. crude oil inventories

October 1, 2020
Recap: Oil futures gained on Wednesday after the EIA reported the third consecutive weekly decline in U.S. crude oil inventories. However, prices suffered their first monthly decline since April amidst rising concerns over the global spreading of the coronavirus. November WTI ros ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.561 on Tuesday, September 29th

September 30, 2020
Tuesday, September 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.664, thirteen cents below Monday’s closing price of $2.795.  Marking the intraday high as markets opened, the pre-session freefall persisted until midday when prices reached $2.535 at 11:50A ... Read More

Oil futures fell to their lowest level in two weeks

September 30, 2020
Recap: Oil futures fell sharply on Tuesday, to their lowest level in two weeks, as investors worried about the rising number of COVID-19 cases throughout the globe, which will surely impact demand for oil and its products. Investors were cautious ahead of Tuesday night’s first pr ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.795 on Monday, September 28th

September 29, 2020
Monday, September 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.076, six cents below Friday’s closing price of $2.139.  Trading within a 15-cent range throughout the day, touching an intraday high of $2.176 ahead of 2:00PM and an intraday low of $2.020 tw ... Read More

Oil futures rose on Monday on hopes that the U.S. will roll out another stimulus package

September 29, 2020
Recap: Oil futures rose on Monday on hopes that the U.S. will roll out another stimulus package and on a possible oil worker’s strike in Norway. Gains, however, were limited as the number of coronavirus cases continue to rise and weakness in the U.S. dollar. Traders remain on edg ... Read More
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Oil futures traded mostly lower on Friday

September 28, 2020
Recap: Oil futures traded mostly lower on Friday, posting a weekly loss, as demand woes tied to the coronavirus pandemic kept a lid on prices, while signs of tighter supplies kept WTI above $40 a barrel. Trader concern remains focused on the health of the global economy, as the n ... Read More
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