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Market Insights
Natural Gas
Basis
NYMEX
November NYMEX Natural Gas Futures Contract Closed at $2.949 on Tuesday, October 3rd
October 4, 2023
Tuesday, October 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.893, five cents above Monday’s closing price of $2.840. Recording an intraday low of $2.878 within minutes of the opening bell, the contract moved steadily higher throughout the morning as week ...
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Market Insights
Heating Oil
Gasoline
Crude
Traders Weighed on Some Bearish Economic News and Tightening Supply
October 4, 2023
Recap: The oil market retraced some of its losses after falling to a three week low earlier in the session despite the strength in the U.S. dollar. Traders weighed some bearish economic news and tightening supply. The market traded lower early in the session as the U.S. dollar ...
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Market Insights
Natural Gas
Basis
NYMEX
November NYMEX Natural Gas Futures Contract Closed at $2.840 on Monday, October 2nd
October 3, 2023
Monday, October 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.903, three cents below Friday’s closing price of $2.929. Seeking direction in a four-cent range early on, prices marked the intraday high of $2.911 at 9:45AM. Trending lower heading into the aft ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market on Monday Sold Off After a Monthly ISM Report Showed that the U.S. Manufacturing Sector Fell for the 11th Consecutive Month
October 3, 2023
Recap: The oil market on Monday sold off after a monthly ISM report showed that the U.S. manufacturing sector fell for the 11th consecutive month in September. The market, which sold off on Friday on some profit taking, traded sideways in overnight trading and posted a high of $ ...
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Market Insights
Heating Oil
Gasoline
Crude
Further Profit Taking Following Thursday's Rally That Pushed the Market Over the $95 Level
October 2, 2023
Recap: The oil market on Friday sold off on some further profit taking following Thursday’s rally that pushed the market over the $95 level before it retraced some of its gains. The market traded sideways in overnight trading and posted a high of $93.10 amid a weaker dollar. How ...
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Market Insights
Natural Gas
Basis
NYMEX
November NYMEX Natural Gas Futures Contract Closed at $2.929 on Friday, September 29th
October 2, 2023
Friday, September 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.882, six cents below Thursday’s closing price of $2.945. Recording the intraday low of $2.855 by 9:15AM, prices rose for the duration of the session despite the previous day’s healthy injecti ...
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Market Insights
Natural Gas
Basis
NYMEX
November NYMEX Natural Gas Futures Contract Closed at $2.945 on Thursday, September 28th
September 29, 2023
Thursday, September 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.930, three cents above Wednesday’s closing price of $2.899. Posting a cautious ascent to the $2.960 level leading up to the weekly storage publication, prices jumped to the intraday high of ...
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Market Insights
Heating Oil
Gasoline
Crude
The Crude Market on Thursday Rallied to its Highest Level in More Than a Year on Concern of Tight Supply
September 29, 2023
Recap: The crude market on Thursday rallied to its highest level in more than a year on concern of tight supply before it erased its gains by the end of the session on profit taking. The market traded mostly sideways before it rallied over the $95 level for the first time since ...
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Market Insights
Natural Gas
Basis
NYMEX
October NYMEX Natural Gas Futures Contract Closed at $2.899 on Wednesday, September 27th
September 28, 2023
Wednesday, September 27th saw the October NYMEX Natural Gas Futures Contract settle at $2.764, nearly eleven cents above Tuesday’s closing price of $2.656. The more actively traded November contract opened at $2.897, five cents above Tuesday’s closing price of $2.845. Recording ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Rallied Sharply Higher on Wednesday, Posting its Largest One Day Gain Since Early May
September 28, 2023
Recap: The oil market rallied sharply higher on Wednesday, posting its largest one day gain since early May as it continued to trade in its upward trend channel. The market continued to trade higher in overnight trading after it briefly breached the lower boundary of its channel ...
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