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Oil futures opened the session trading at unchanged

May 24, 2022
Recap:  Oil futures opened the session trading at unchanged but found unsustainable strength as the U.S. dollar weakened and on hope that the lifting of COVID-related restrictions in Shanghai would lead to increased demand for crude oil. The up move was also capped by the inabili ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $8.083 on Friday, May 20th

May 23, 2022
Friday, May 20th saw the June NYMEX Natural Gas Futures Contract open at $7.982, nearly thirty-three cents below Thursday’s closing price of $8.308. Slipping to the intraday low of $7.921 by 9:15AM, the weather-dampened contract fought to recover throughout the day. Crossing midd ... Read More

Oil futures erase early weakness to end with a small gain Friday

May 23, 2022
Recap: Oil futures erase early weakness to end with a small gain Friday, though upside appeared to be limited by a sharp stock-market selloff. June WTI finished 0.9% higher for the session at $113.23 a barrel, which amounts to a 2.4% weekly gain and is the fourth straight week th ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $8.308 on Thursday, May 19th

May 20, 2022
Thursday, May 19th saw the June NYMEX Natural Gas Futures Contract open at $8.090, twenty-eight cents below Wednesday’s closing price of $8.368. Marking the intraday low of $8.056 in the day’s opening minutes, the contract rose to trade along $8.200 in the hour preceding the week ... Read More

Oil futures experienced a volatile trading session on Thursday

May 20, 2022
Recap: Once again, oil futures experienced a volatile trading session on Thursday, rebounding from early losses as Chinese officials planned to ease restrictions in Shanghai, which could further tighten global energy supply, and as the dollar retreated from recent gains. In China ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $8.368 on Wednesday, May 18th

May 19, 2022
Wednesday, May 18th saw the June NYMEX Natural Gas Futures Contract open at $8.479, seventeen cents above Tuesday’s closing price of $8.304. Marking the intraday high of $8.507 ahead of 9:30AM, the contract then posted a steady descent until marking the intraday low of $8.205 at ... Read More

Oil Futures Fell on Wednesday, Erasing Early Gains as Traders Grew Less Worried About a Supply Crunch

May 19, 2022
Recap:  Oil futures fell on Wednesday, erasing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners pumped up output, and as crude futures followed equities lower. July Brent settled down $2.82, or 2.5%, at $109.11 a barrel. Ju ... Read More
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A Rebound Ensued, with Both Brent and WTI Jumping Over the $115 Level

May 18, 2022
Recap: Oil prices seesawed throughout the session on Tuesday, initially opening lower in early Asian trade after the European Union’s efforts to enact a ban on Russian oil imports, a move that would tighten global supply, ran into resistance from member country Hungary. A rebound ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $8.304 on Tuesday, May 17th

May 18, 2022
Tuesday, May 17th saw the June NYMEX Natural Gas Futures Contract open at $8.224, twenty-seven cents above Monday’s closing price of $7.956. Trading within a tight band, relative at least to past few sessions, near the $8.260 level for the majority of the day as the main driver o ... Read More

Crude Markets Are Riding a Bullish Wave for Refined Fuels in the US

May 17, 2022
Recap:  WTI surged to its highest since March 23, finishing up 3.4% at $114.20 a barrel. Higher stock market prices on Wall Street gave a bullish jolt to risk appetite in the energy commodities sphere, while moves by Sweden and Finland to join NATO added a different risk--risk pr ... Read More
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