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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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October NYMEX Natural Gas Futures Contract Closed at $2.248 on Thursday, September 24th

September 25, 2020
Thursday, September 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.261, fourteen cents above Wednesday’s closing price of $2.125.  Experiencing considerable volatility throughout the morning hours, prices fell to an intraday low of $2.174 at 9:50AM only to ... Read More

Oil futures rose for the third straight session

September 25, 2020
Recap:Oil futures rose for the third straight session, supported by the bullish inventory report released on Wednesday. However gains were limited, as a new wave of coronavirus cases in Europe led several countries to reinstate travel restrictions. After falling to a session low ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.125 on Wednesday, September 23rd

September 24, 2020
Wednesday, September 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.018, eighteen cents above Tuesday’s closing price of $1.834.  Touching down to an intraday low of $1.973 by 9:15AM, prices surged higher throughout the morning as traders took advantage of ... Read More

The oil markets overnight and this morning were supported by bullish inventory reports

September 24, 2020
Recap: The oil markets overnight and this morning were supported by bullish inventory reports first released by API and then by the EIA. But as it appeared the bullish move was running out of steam at midday the oil markets suddenly shot up over a dollar a barrel only to quickly ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $1.834 on Tuesday, September 22nd

September 23, 2020
Tuesday, September 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.863, three cents above Monday’s closing price of $1.835.  Climbing to an intraday high of $1.890 by 9:20AM, prices soon trended lower, settling in near $1.830 ahead of midday.  Tallying an i ... Read More

Prices bounced back from Monday’s sharp decline off of the rise in the number of COVID-19 cases

September 23, 2020
Recap: It was a lackluster day for oil prices on Tuesday, with the market garnering little support from expectations for a second weekly decline in U.S. crude oil inventories. Prices bounced back from Monday’s sharp decline off of the rise in the number of COVID-19 cases, as some ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $1.835 on Monday, September 21st

September 22, 2020
Monday, September 21st saw the front-month NYMEX Natural Gas Futures Contract open at $1.946 ten cents below Friday’s closing price of $2.048 on Friday.  Declining rapidly as markets opened, the threat of tropical storm Beta did little in the way of providing support as prices fe ... Read More

Oil prices fell as U.S. equities hit a two-month low

September 22, 2020
Recap: Oil futures settled lower on Monday, as U.S. equities fell to a two-month low as the number of coronavirus cases continued to rise across the globe. Prices were also pressured by the possible return of crude output from Libya following reports that Libyan military commande ... Read More
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Baker Hughes reported that the oil and gas rig count increased by 1 to 255

September 21, 2020
Recap: After opening slightly lower on the day, oil prices reversed to the upside, supported by bullish signals out of this week’s OPEC meeting. However, gains were capped after Libyan commander said a blockade on the country’s oil exports would be lifted in a month. Oil markets ... Read More
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