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Oil Prices Erased Earlier Declines, Jumping to Fresh Session Highs

July 14, 2022
Recap:  Oil prices erased earlier declines, jumping to fresh session highs after a weekly EIA report seen as bearish, although another large release of government reserves of crude-oil played a key role. The EIA says inventories of the 4 main categories -- crude-oil, gasoline, di ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $6.163 on Tuesday, July 12th

July 13, 2022
Tuesday, July 12th saw the August NYMEX Natural Gas Futures Contract open at $6.623, twenty cents above Monday’s closing price of $6.426. Achieving an intraday high of $6.666 within minutes of the opening, the contract then fell into a steady decline, tallying the intraday low of ... Read More

Fears about a Recession Weighed on Stocks, Oil, and Bond Yields

July 13, 2022
Recap: Crude prices extended earlier losses as Covid-19 cases and lockdowns in China continued to raise concerns about demand for oil. Fears about a recession on the horizon also weighed on stocks, oil and bond yields, continuing a volatile stretch for global markets. For now, th ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $6.426 on Monday, July 11th

July 12, 2022
Monday, July 11th saw the August NYMEX Natural Gas Futures Contract open at $6.563, fifty-three cents above Friday’s closing price of $6.034. Ascending to an intraday high of $6.689 by 9:15AM, the contract then began a choppy descent that would span the balance of the session. Cr ... Read More

Crude Oil Prices Tumbled More Than 4% on Monday

July 12, 2022
Recap:  Crude oil prices tumbled more than 4% on Monday as fears of a recession accelerated after Russia cut off natural gas supply to parts of Europe via the Nordstream 1 pipeline for 10 days to carry out maintenance and as Shanghai reported a rise in the number of COVID cases. ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $6.034 on Friday, July 8th

July 11, 2022
Friday, July 8th saw the August NYMEX Natural Gas Futures Contract open at $6.271, nearly three cents below Thursday’s closing price of $6.297. Fluctuating within a fifteen-cent range during the session’s opening hour, prices peaked at an intraday high of $6.304 at 9:30AM. Losing ... Read More

Oil Futures Rose in Volatile Trade on Friday

July 11, 2022
Recap:  Oil futures rose in volatile trade on Friday, as concern over a potential recession-driven demand downturn outweighed tight global supplies. Central banks are raising interest rates to tame inflation, spurring fears that rising borrowing costs could stifle growth, while m ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $6.297 on Thursday, July 7th

July 8, 2022
Thursday, July 7th saw the August NYMEX Natural Gas Futures Contract open at $5.766, nearly twenty-six cents above Wednesday’s closing price of $5.510. Trading along either side of $5.80 heading into the weekly storage publication, marking the intraday low of $5.728 at 10:20AM, p ... Read More

Oil Prices Regained Footing on Thursday from Steep Falls in the Previous Two Sessions

July 8, 2022
Recap:  Oil prices regained footing on Thursday from steep falls in the previous two sessions, as investors returned their focus to tight supplies even as fears persisted over the demand outlook amid risks of a global recession. Not even the unexpected 8.2 million barrel rise in ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $5.510 on Wednesday, July 6th

July 7, 2022
Wednesday, July 6th saw the August NYMEX Natural Gas Futures Contract open at an intraday high of $5.689, seventeen cents above Tuesday’s closing price of $5.523. After opening at the high, prices fell steadily for about an hour, before reaching an intraday low of $5.380 at 10:10 ... Read More
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