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WTI Futures Continued to Rebound from their Lowest Level in Almost Seven Weeks

June 29, 2022
Recap: WTI futures continued to rebound from their lowest level in almost seven weeks, ending Tuesday’s session 2% higher, as the global supply picture remains bleak and demand seems to be holding up relatively well. A G7 meeting highlighted concerns among top leaders that crude ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $6.501 on Monday, June 27th

June 28, 2022
Monday, June 27th saw the July NYMEX Natural Gas Futures Contract open at $6.182, four cents below Friday’s closing price of $ $6.220. trailing downward to a near three-month intraday low of $6.030 ahead of 9:30AM, the contract fought to recover from the previous week’s selloff. ... Read More

Oil Futures Ended Higher for the Second Straight Session on Monday

June 28, 2022
Recap: Oil futures ended higher for the second straight session on Monday as better-than-expected U.S. economic data quelled concerns over a potential slowdown in energy demand. Traders were also focused on talks between members of the Group of Seven nations on additional moves a ... Read More
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The Top 5 Benefits of Adding Biofuel to Your Heating Oil

June 28, 2022
Whether you’re looking to increase your renewable energy use or simply follow a state mandate, adding biofuel to your heating oil to make Bioheat® fuel offers big benefits to homeowners and the environment.  Here, we share the top five benefits of using Biofuel in your heating oi ... Read More

What is Biofuel and Why is it Important?

June 28, 2022
Biofuel is an alternative fuel sourced from renewable feedstocks including soybeans, animal fats, and used cooking oil. In other words, biofuel is made from biomass, which makes it an organic renewable energy source. The conversion is a multistep process that involves biological ... Read More

July NYMEX Natural Gas Futures Contract Closed at $6.220 on Friday, June 24th

June 27, 2022
Friday, June 24th saw the July NYMEX Natural Gas Futures Contract open at $6.282, four cents below Thursday’s closing price of $ $6.239. Slipping to the intraday low of $6.067 at 9:30AM and recovering to the intraday high of $6.331 nearly an hour later, the contract traded within ... Read More

Oil Futures Rose by More Than $4.00 a Barrel on Friday Before Paring Gains

June 27, 2022
Recap: Oil futures rose by more than $4.00 a barrel on Friday before paring gains, supported by tight supplies but limited to the upside by concern that rising interest rates could push the world economy into recession. Crude has gained support from the almost total shutdown of o ... Read More
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Investors Weighed the Risk that Rising U.S. Interest Rates Could Triggers a Recession and Cut Demand for Fuel

June 24, 2022
Recap: At one point during the trading session, oil prices fell by more than $3 a barrel on Thursday in volatile trading as investors weighed the risk that rising U.S. interest rates could trigger a recession and cut demand for fuel. Federal Reserve chief Jerome Powell said the c ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $6.239 on Thursday, June 23rd

June 24, 2022
Thursday, June 23rd saw the July NYMEX Natural Gas Futures Contract open at $6.711, fifteen cents below Wednesday’s closing price of $6.858. Achieving the intraday high of $6.795 by 9:15AM, prices fluctuated within a fourteen-cent range in the hour leading up to the weekly storag ... Read More

July NYMEX Natural Gas Futures Contract Closed at $6.858 on Wednesday, June 22nd

June 23, 2022
Wednesday, June 22nd saw the July NYMEX Natural Gas Futures Contract open at $6.622, nearly nineteen cents below Tuesday’s closing price of $6.808. Slipping to an intraday low of $6.588 within minutes of the open, the contract moved decidedly higher upon renewed expectations for ... Read More
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