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September NYMEX Natural Gas Futures Contract Closed at $9.330 on Wednesday, August 24th

August 25, 2022
Wednesday, August 24th saw the September NYMEX Natural Gas Futures Contract open at $9.232, four cents above Tuesday’s closing price $9.193. Falling to an intraday low of $9.100 near 10:30AM, news of the LNG terminals returning to service later than anticipated seems to have offs ... Read More

Oil Prices Jumped on Tuesday After the Saudi Energy Minister Said OPEC and its Allies Could Cut Production

August 24, 2022
Recap: Oil prices jumped on Tuesday after the Saudi Energy minister said OPEC and its allies could cut production amid “harmful volatility” in the market. Prince Abdulaziz bin Salman told Bloomberg that OPEC+ has the "commitment, the flexibility and the means" within its agreemen ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $9.193 on Tuesday, August 23rd

August 24, 2022
Tuesday, August 23rd saw the September NYMEX Natural Gas Futures Contract open at $9.753, seven cents above Monday’s closing price $9.680. Continuing the Monday’s rally, prices rose to a fresh 13-year intraday high of $10.008 near 10:30AM. Fluctuating within the high $9.00 range ... Read More

Saudi Energy Minister Said OPEC+ Could Cut Production to Confront Market Challenges

August 23, 2022
Recap: After falling by more than 3%, oil futures gained traction to slice into losses after the Saudi energy minister said OPEC+ could cut production to confront market challenges. Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ has the commitment, the flexibility, ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $9.680 on Monday, August 22nd

August 23, 2022
Monday, August 22nd saw the September NYMEX Natural Gas Futures Contract open at $9.863, fifty-three cents above Friday’s closing price $9.336. In response to surging European prices, the contract rose to a fresh thirteen-year intraday high of $9.874 within minutes of the opening ... Read More

September NYMEX Natural Gas Futures Contract Closed at $9.336 on Friday, August 19th

August 22, 2022
Friday, August 19th saw the September NYMEX Natural Gas Futures Contract open at $8.973, twenty-one cents below Monday’s closing price $9.188. Marking the intraday low of $8.935 within minutes of the open, prices rose steadily as production concerns continue, only now the threat ... Read More

The Market Continued on its Upward Trend in Mid-Day Trading as it Breached its Previous High

August 22, 2022
Recap:  On Friday, the oil market traded mostly sideways and looked ready to post an inside trading day. However, the market continued on its upward trend in mid-day trading as it breached its previous high. The market, which had sold off more than $2 early in the session as it p ... Read More
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The Market was Driven Higher by the Momentum from Wednesday's Bullish EIA Crude Inventory

August 19, 2022
Recap:  The oil market continued to trade higher on Thursday after it posted an inside trading day on Wednesday. The market was driven higher by the momentum from Wednesday’s bullish EIA crude inventory draw, increased product demand and the apparent stall in Iranian nuclear nego ... Read More
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The Oil Market on Wednesday Posted an Inside Trading Day

August 18, 2022
Recap:  The oil market on Wednesday posted an inside trading day after failing to breach its previous trading range. The market posted a low of $85.88 in overnight trading, holding its support at its previous low of $85.73, and traded sideways ahead of the release of the EIA’s we ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $9.329 on Tuesday, August 16th

August 17, 2022
Tuesday, August 16th saw the September NYMEX Natural Gas Futures Contract open at $9.266, fifty-four cents above Monday’s closing price $8.728. Trading within a forty-cent range throughout the day as weather forecasts remain unchanged, analysts pointed to a decline in production ... Read More
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