COVID-19 Response
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Oil futures extended gains on Friday

June 7, 2021
Recap: Oil futures extended gains on Friday, as optimistic expectations for crude demand help set prices up for a weekly gain of around 5%. OPEC+ supply discipline and recovering demand countered concerns about a patchy COVID-19 vaccination rollout around the globe. Adding to the ... Read More
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Commodity prices fell as the U.S. jobs report numbers exceeded estimates

June 4, 2021
Recap:  Commodities prices dropped across the board on Thursday, as investors considered the impact the recent U.S. jobs report would have on the Fed’s policy and inflation. Businesses added 978,000 jobs in May, exceeding the estimate of 650,000, while jobless claims fell below 4 ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.041 on Thursday, June 3rd

June 4, 2021
Thursday, June 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $3.062, a penny below Wednesday’s closing price of $3.075.  Slipping to an intraday low of $3.032 shortly after the opening, the contract bounced around either side of $3.045 leading up to the weekl ... Read More

July NYMEX Natural Gas Futures Contract Closed at $3.075 on Wednesday, June 2nd

June 3, 2021
Wednesday, June 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $3.103, nearly even to Tuesday’s closing price of $3.104.  Marking an intraday high of $3.116 at 9:30AM, the contract hovered near $3.110 until 10:00AM.  Losing ground ahead of midday to trade near ... Read More

Oil futures extended their gains on Wednesday

June 3, 2021
Recap: Oil futures extended their gains on Wednesday, supported by the OPEC+ decision to stick to its plan to gradually restore supply to the market, as nuclear talks between the U.S. and Iran appear to be slowing. A reported fire at an Iranian refinery added to the upside moment ... Read More
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Brent hit its highest level since March

June 2, 2021
Recap: Oil futures jumped on Monday, with WTI hitting a two-year high, as OPEC+ reconfirmed a gradual increase in production, sticking to the plan agreed upon in April, whereby 2.1 million barrels per day of supply would be brought back to the market between May and July. Brent h ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.104 in Tuesday, June 1st

June 2, 2021
Tuesday, June 1st saw the front-month NYMEX Natural Gas Futures Contract open at $3.068, eight cents above Friday’s closing price of $2.986.  Tallying the intraday low of $3.064 early on, prices jumped past the $3.100 level and ascended to a more than three month intraday high $3 ... Read More

July NYMEX Natural Gas Futures Contract Closed at $2.986 on Friday, May 28th

June 1, 2021
Friday, May 28th saw the front-month NYMEX Natural Gas Futures Contract open at $3.016, six cents above Thursday’s closing price of $2.958.  Achieving an intraday high of $3.036 within minutes of the opening bell, the contract then began a steady descent that would span the durat ... Read More

WTI rose to its highest level since March 8

June 1, 2021
Recap: Oil futures swung from gentle losses to gentle gains on Friday, struggling for direction, supported by firm demand, with OPEC+ appearing to have global supply under control despite worries about Iranian supply and Asian COVID-10 case spikes. WTI rose to its highest level s ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $2.958 on Thursday, May 27th

May 28, 2021
Thursday, May 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.999, three cents below Wednesday’s closing price of $3.027.  Trading along either side of $3.005 until 10:30AM, prices then tumbled lower as the bearish storage injection fell outside of even the ... Read More
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