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August NYMEX Natural Gas Futures Contract Closed at $5.510 on Wednesday, July 6th

July 7, 2022
Wednesday, July 6th saw the August NYMEX Natural Gas Futures Contract open at an intraday high of $5.689, seventeen cents above Tuesday’s closing price of $5.523. After opening at the high, prices fell steadily for about an hour, before reaching an intraday low of $5.380 at 10:10 ... Read More

Oil Futures Turned Lower, Dropping to a 12-Week Low

July 7, 2022
Recap: After a brief rebound, oil futures turned lower, dropping to a 12-week low and adding to losses seen on Tuesday. This is a clear indication that traders are concerned about the possibility of a recession and has recent reports clearly allude to a slowdown in gasoline deman ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $5.523 on Tuesday, July 5th

July 6, 2022
Tuesday, July 5th saw the August NYMEX Natural Gas Futures Contract open at $5.449, twenty-eight cents below Friday’s closing price of $5.730. Prices rose quickly, finding the intraday high of $5.740 at 9:40AM. Prices had a consistent downward trend through the late morning and e ... Read More

Oil Futures Fell Sharply on Tuesday to a Level Not Seen Since April

July 6, 2022
Recap:  Oil futures fell sharply on Tuesday to a level not seen since April, as fears of a global slowdown took over commodity markets while investors expect US energy production to climb and as the U.S. dollar gained strength. Analysts expect the Supreme Court's recent decision ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $5.730 on Friday, July 1st

July 5, 2022
Friday, July 1st saw the August NYMEX Natural Gas Futures Contract open at $5.860, forty-four cents above Thursday’s closing price of $5.424. Prices quickly found the intraday high of $5.912 by 9:10AM, just moments after open. Prices had a consistent downward trend throughout the ... Read More

Crude Oil Prices Rose as Much as 3% on Friday

July 5, 2022
Recap:  In early morning trading, crude oil prices rose as much as 3% on Friday, recouping the previous session's declines, as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand. Libya declared force majeur ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $5.424 on Thursday, June 30th

July 1, 2022
Thursday, June 30th saw the August NYMEX Natural Gas Futures Contract open at $6.399, ten cents below Wednesday’s closing price of $6.498. Tallying the intraday high of $6.602 by 9:45AM, prices traded within a ten-cent range of $6.500 through the day’s opening ninety minutes. Los ... Read More

Oil Futures Fell on Thursday, Tacking on a Monthly Loss

July 1, 2022
Recap:  Oil futures fell on Thursday, tacking on a monthly loss, but held on to a gain so far this year. A weekly increase in U.S. gasoline and distillate supplies raised worries over price-related demand destruction, while OPEC and its allies confirmed an existing agreement to r ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $6.498 on Wednesday, June 29th

June 30, 2022
Wednesday, June 29th saw the August NYMEX Natural Gas Futures Contract open at $6.730, sixteen cents above Tuesday’s closing price of $6.570. Ascending to the intraday high of $6.783 at 10:00AM, the contract then withdrew, stabilizing at $6.540 by 11:30AM. Early gains that were s ... Read More

The Oil Market Continued on its Upward Trend Early in the Session

June 30, 2022
Recap:  Early on Wednesday, the oil market continued on its upward trend early in the session. The market retraced more than 62% of its move from a high of $120.88 to a low of $101.53 as it posted a high of $114.05 by mid-morning. The market traded to its high as the EIA’s weekly ... Read More
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