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August NYMEX Natural Gas Futures Contract closed at $2.312 on Monday, July 22nd

July 23, 2019
Monday, July 22nd saw the front-month NYMEX Natural Gas Futures Contract open at 2.278, nearly three cents above Friday’s closing price of $2.251.  Touching down to the intraday low of $2.265 as markets opened, prices got a bullish start to the day, reaching above $2.300 by 10:00 ... Read More

Oil prices rose on Monday, as tensions in the Middle East escalated

July 23, 2019
Recap: Oil prices rose on Monday, as tensions in the Middle East escalated with the seizure of a British tanker by Iran’s Revolutionary Guards. Despite the heightened tensions, rising U.S. production and worries over weak global demand have worked to keep a cap on prices, as the ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $2.251 on Friday, July 19th

July 22, 2019
Friday, July 19th saw the front-month NYMEX Natural Gas Futures Contract open at 2.291, just above Thursday’s closing price of $2.287.  Peaking at the intraday high of $2.292 within minutes of the opening bell, traders were quick to resume the previous day’s sell off as strong pr ... Read More

Prices were supported by rising tensions between the U.S. and Iran

July 22, 2019
Recap: Oil prices firmed on Friday after suffering significant losses on Thursday. Prices were supported by rising tensions between the U.S. and Iran however gains were contained by concerns that a slowing economy will have a negative impact on global demand. August WTI made a fa ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $2.827 on Thursday, July 17th

July 19, 2019
Thursday July 18th saw the front-month NYMEX Natural Gas Futures Contract open at 2.333, three cents above Wednesday’s closing price of $2.304.  Trading within two cents of $2.337 until 10:30AM when the weekly storage publication was released, a brief jump to the intraday high of ... Read More

The IEA is reducing its 2019 oil demand forecast due to a slowing global economy

July 19, 2019
Recap: After posting early gains on increased tensions in the Middle East, crude oil futures experienced considerable losses, as prices broke through key technical support levels. Prices had been trading higher early Thursday, after Iran’s Revolutionary Guard said it seized a for ... Read More
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Domestic crude supplies fell for a fifth straight week

July 18, 2019
Recap: Crude oil futures moved lower Wednesday as U.S. government data revealed that domestic crude supplies fell for a fifth straight week, but the stocks were down by less than the market expected and product inventories climbed. Crude stockpiles were down 3.1 million barrels f ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $2.306 on Tuesday, July 16th

July 17, 2019
Tuesday July 16th saw the front-month NYMEX Natural Gas Futures Contract open at 2.322, eight cents below Monday’s closing price of $2.408.  Now in the wake of Hurricane Barry making landfall, Natural Gas prices continued to move lower on Tuesday. Reports revealed little infrastr ... Read More

The tensions between the U.S. and Iran appears to be easing

July 17, 2019
Recap: After firming in early morning trading, oil prices turned lower on Tuesday, as U.S. offshore production resumed after Hurricane Barry and as tensions between the U.S. and Iran appeared to be easing. In early morning trading August WTI tacked on 48 cents, to trade at a sess ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $2.408 on Monday, July 15th

July 16, 2019
Monday July 15th saw the front-month NYMEX Natural Gas Futures Contract open at 2.413, four cents below Friday’s closing price of $2.458.  Natural Gas prices moved lower Monday, easing some of the impact Hurricane Barry has had on short-term demand.  Prices steadied after reachin ... Read More
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