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June NYMEX Natural Gas Futures Contract Closed at $7.640 on Wednesday, May 11th

May 12, 2022
Wednesday, May 11th saw the June NYMEX Natural Gas Futures Contract open at $7.617, twenty-three cents above Tuesday’s closing price of $7.385. Sinking to the intraday low of $7.617 early on, the contract posted a jump to the $7.640 level as short-term weather forecasts turn bull ... Read More

Oil Futures Shrugged Off the 8.5 Million Barrel Increase in U.S. Crude Oil Inventories

May 12, 2022
Recap: Oil futures shrugged off the 8.5 million barrel increase in U.S. crude oil inventories, to turn markedly higher on the day after the EIA released its report showing a 3.6 million barrel drop in U.S. gasoline inventories and as distillate stockpiles fell 900,000 barrel to a ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $7.385 on Tuesday, May 10th

May 11, 2022
Tuesday, May 10th saw the June NYMEX Natural Gas Futures Contract open at $6.516, fifty-one cents below Monday’s closing price of $7.026. Tallying the intraday low of $6.505 within minutes of the open, prices then surged higher as profit-taking subsided, and traders looked to hea ... Read More

WTI Dropped Below $100 a Barrel, Hitting a Two-Week Low

May 11, 2022
Recap: Oil futures continued to slide on Tuesday, falling $10.01 or 9.12% over the last two sessions. WTI dropped below $100 a barrel, hitting a two-week low as the demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar m ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $7.026 on Monday, May 9th

May 10, 2022
Monday, May 9th saw the June NYMEX Natural Gas Futures Contract open at $7.856, nineteen cents below Friday’s closing price of $8.043. Recording the intraday high of $7.865 within minutes of the open, prices withdrew to continue Friday’s selloff as production concerns ease. Keep ... Read More

Oil Futures Fell Hard on Monday, Marking the Largest One-Day Percentage Drop Since March 31

May 10, 2022
Recap: Oil futures fell hard on Monday, marking the largest one-day percentage drop since March 31. Crude oil prices plummeted on news that Saudi Arabia lowered the official selling price of their crude oil by the most ever, as COVID lockdowns in China continued to eat away at de ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $8.043 on Friday, May 6th

May 9, 2022
Friday, May 6th saw the June NYMEX Natural Gas Futures Contract open at $8.596, nineteen cents below Thursday’s closing price of $8.783. Tallying the intraday high of $8.639 near 9:15AM, prices trended steadily lower through the morning. Crossing midday near $8.376, the contract ... Read More

The oil market continued to trade higher for a third consecutive session

May 9, 2022
Recap: The oil market continued to trade higher for a third consecutive session on Friday as it shrugged off the losses in the global stock markets that pushed the marker lower on Thursday and instead focused on the impending European Union embargo on Russian oil.  The market rem ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $8.783 on Thursday, May 5th

May 6, 2022
Thursday, May 5th saw the June NYMEX Natural Gas Futures Contract open at $8.430, nearly two cents above Wednesday’s closing price of $8.415. Trending lower trade near $8.300 by 9:30AM, the contract traded sideways leading up to the weekly storage publication. Slipping to an intr ... Read More

On Thursday, the Oil Market Ended Lower as a Stronger U.S. Dollar and a Sell Off in Global Stock Markets Offset the Market's Supply Concerns

May 6, 2022
Recap: On Thursday, the oil market ended lower as a stronger U.S. dollar and a sell off in global stock markets offset the market’s supply concerns.  Early in the session, the crude market remained well supported after European Union laid out plans on Wednesday for new sanctions ... Read More
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