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May NYMEX Natural Gas Futures Contract Closed at $2.490 on Thursday, April 18th

April 19, 2019
Thursday, April 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.503, slightly below Wednesday’s closing price of $2.517.  Trailing downward early on to test three-year lows once again, tallying an intraday low of $2.485 at 10:10AM, prices then jumped highe ... Read More

May NYMEX Natural Gas Futures Contract Closed at $2.517 on Wednesday, April 18th

April 18, 2019
Wednesday, April 17th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.560, a penny below Tuesday’s closing price of $2.572.  Reaching the intraday high of $2.561 within minutes of opening, the contract was quick to plummet to the $2.52 level.  With large storag ... Read More

Prices gathered support off of strong economic growth in China and an unexpected fall in U.S. crude oil stocks

April 18, 2019
Recap: Brent oil reached a fresh high for the year, trading above $72.00 a barrel for the first time since mid-November, while WTI advanced above $64.00 a barrel to a session high of $64.61. Prices gathered support off of strong economic growth in China and an unexpected fall in ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.572 on Tuesday, April 16th

April 17, 2019
Tuesday, April 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.590, even to Monday’s closing price.  With continued bearish sentiment setting in as temperatures rise and expectations for large injections to storage become the norm, prices descended gradual ... Read More

Oil prices steadied on Tuesday

April 17, 2019
Recap: Oil prices steadied on Tuesday, as exports from Iran and Venezuela continued to slide and as fighting in Libya increased, raising concern over tightening global supplies. After slipping 41 cents to a session low of $62.99 a barrel, May WTI bounced to a mid-session high of ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.590

April 16, 2019
Monday, April 15th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.626, roughly three cents below Friday’s closing price of $2.660.  Trending lower out of the gate, prices seesawed along $2.610 through midday before falling further.  Testing lows last seen in m ... Read More

The EIA reported that US shale production is expected to increase to a record 8.5 million bpd in May

April 16, 2019
Recap: The oil market traded lower on Monday on the possibility that Russia may decide to abandon the agreement between OPEC and non-OPEC producers.  The crude market opened down 13 cents at $63.76 and quickly posted a high of $63.84.  The market, however, gave up its gains amid ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.660 on Friday. April 12th

April 15, 2019
Friday, April 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.682, nearly two cents above Thursday’s closing price of $2.664.  Rising to the intraday high of $2.688 by 9:10AM, buyers soon exited the market as prices floated downward to stabilize near $2.65 ... Read More

Oil prices rose as cuts in Venezuela and Iran tighten supply

April 15, 2019
Recap:  Oil prices rose on Friday as concerns over tightening supplies increased due to supply cuts from Venezuela and Iran and conflicts in Libya. Adding to the up move was supportive trade data out of China, which reported larger than expected surplus as exports surged. The oil ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.664 on Thursday, April 11th

April 12, 2019
Thursday, April 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.676, roughly two cents below Wednesday’s closing price of $2.700.  Climbing steadily through the morning, the contract tallied the intraday high of $2.707 at 10:30AM as the storage report was ... Read More
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