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Oil Prices Traded Lower in Volatile Trading on Tuesday as Growing Worries About Coronavirus Demand Destruction Offset Supply Concerns

April 6, 2022
Recap: Oil prices traded lower in volatile trading on Tuesday as growing worries about coronavirus demand destruction offset supply concerns after the United States and Europe planned to impose new sanction on Russia for alleged war crimes in Ukraine. Lockdowns in Shanghai have b ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $5.712 on Monday, April 4th

April 5, 2022
Monday, April 4th saw the May NYMEX Natural Gas Futures Contract open at of $5.791, seven cents above Friday’s closing price of $5.720. Seeking direction early on, prices fell to $5.718 by 9:15AM and notched an intraday high of $5.857 forty-five minutes later. Tallying the intrad ... Read More

Oil Prices Climbed as Much as 4% on Monday, with Investors Worried About Tighter Supply

April 5, 2022
Recap: Oil prices climbed as much as 4% on Monday, with investors worried about tighter supply as mounting civilian deaths in Ukraine increased pressure on European countries to impose sanctions on Russia’s energy sector. Oil futures also gained support from a pause in talks in V ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $5.720 on Friday, April 1st

April 4, 2022
Friday, April 1st saw the May NYMEX Natural Gas Futures Contract open at of $5.562, nearly even to Thursday’s closing price of $5.642. Ascending from the intraday low of $5.538 early on, the contract soared higher throughout the morning to cross the $5.70 level by 10:30AM and rea ... Read More

Oil Futures Opened Friday's Session Trading to the Upside but Quickly Turned Lower

April 4, 2022
Recap: Oil futures opened Friday’s session trading to the upside but quickly turned lower after other Western nations planned to join the U.S. in releasing oil from strategic reserves. The International Energy Agency -- whose members include the U.S., most of Europe, Canada, Mexi ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $5.642 on Thursday, March 31st

April 1, 2022
Thursday, March 31st saw the May NYMEX Natural Gas Futures Contract open at of $5.606, nearly even to Wednesday’s closing price of $5.605. Ascending from an intraday low of $5.565 within minutes of 9:00AM, prices surged upward to surpass the $5.70 level by 9:30AM. Trading near $5 ... Read More

Oil Prices Slid on Thursday as U.S. President Joe Biden Announced the Largest Release of Oil from the Country's Strategic Petroleum Reserve Ever

April 1, 2022
Recap: Oil prices slid on Thursday as U.S. President Joe Biden announced the largest release of oil from the country's strategic petroleum reserve ever on Thursday, an aggressive move that makes up for part of the drop in Russian oil exports and should help to keep a lid on price ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $5.605 on Wednesday, March 30th

March 31, 2022
Wednesday, March 30th saw the May NYMEX Natural Gas Futures Contract open at of $5.420, eleven cents above Tuesday’s closing price of $5.330. Finding the intraday low of $5.391 soon after the opening bell, the contract began a steep ascent as geopolitical tensions persist, and LN ... Read More

Oil Futures Jumped on Wednesday on Tight Supplies, as U.S. Crude Oil Stockpiles Surprisingly Fell 3.4 Million Barrels Last Week

March 31, 2022
Recap: Oil futures jumped on Wednesday on tight supplies, as U.S. crude oil stockpiles surprisingly fell 3.4 million barrels last week and on the possibility of additional sanctions against Russia, despite peace talks taking place between Moscow and Kyiv. May Brent traded as high ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $5.330 on Tuesday, March 29th

March 30, 2022
Tuesday, March 29th – settlement day for the April contract – saw the front-month NYMEX Natural Gas Futures Contract open at of $5.378, thirteen cents below Monday’s closing price of $5.508. Finding support early on, prices rose to the intraday high of $5.516 at 9:25AM. Trending ... Read More
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