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August NYMEX Natural Gas Futures Contract Closed at $3.596 on Wednesday, July 7th

July 8, 2021
Wednesday, July 7th saw the front-month NYMEX Natural Gas Futures Contract open at $3.618, two cents below Tuesday’s closing price of $3.637.  Marking an intraday high of $3.640 as markets opened, prices soon trended lower, marking an intraday low of $3.520 at 10:30AM.  Climbing ... Read More

Oil prices have soared more than 50% so far this year

July 8, 2021
Recap: Oil slipped as the dollar rose and investors awaited further signals from the OPEC+ alliance on its production policy after a dispute upended talks. August WTI fell as much as 3.7%, to a session low of $71.07 a barrel, as a strong dollar reduced the appeal of dollar denomi ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $3.637 on Tuesday, July 6th

July 7, 2021
Tuesday, July 6th saw the front-month NYMEX Natural Gas Futures Contract open at $3.668, three cents below Friday’s closing price of $3.700.  Following a pre-session rally, where prices tested the $3.80 level, the contract declined until reaching an intraday low of $3.608 at 11:0 ... Read More

WTI hit a six-year high and traded at 479.98 a barrel

July 7, 2021
Recap: Oil futures ended sharply lower on Tuesday, pressured by uncertainty over the outlook for global crude production after talks between OPEC and its allies collapsed. Before heading lower, WTI hit a six-year high, trading at 479.98 a barrel, a gain of $1.82, or 2.42% a barre ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $3.700 on Friday, July 2nd

July 6, 2021
Friday, July 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $3.647, slightly below Thursday’s closing price of $3.661.  Marking an intraday low of $3.639 soon after the opening bell, the contract began a gradual ascent to cross midday near $3.680.  Marking an ... Read More

Oil futures traded mixed on Friday after OPEC+ delayed its meeting

July 6, 2021
Recap: Oil futures traded mixed on Friday after OPEC+ delayed its meeting, with sources saying the United Arab Emirates (UAE) had balked at proposals that included raising supply by 2 million barrels per day by year end. Both benchmark contracts had gained on Thursday after OPEC+ ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $3.661 on Thursday, July 1st

July 2, 2021
Thursday, July 1st saw the front-month NYMEX Natural Gas Futures Contract open at $3.730, eight cents above Wednesday’s closing price of $3.650.  Recording the intraday high of $3.748 soon after markets opened, the contract moved decidedly lower to trade near $3.665 ahead of the ... Read More

WTI climbed above $75 a barrel for the first time since October 2018

July 2, 2021
Recap: WTI climbed above $75 a barrel for the first time since October 2018, as the market waited for a decision from OPEC+ on future production levels. The ministerial panel recommended a gradual increase in oil output to the end of the year. The Joint Ministerial Monitoring Com ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $3.650 on Wednesday, June 30th

July 1, 2021
Wednesday, June 30th saw the front-month NYMEX Natural Gas Futures Contract open at $3.736, nearly eleven cents above Tuesday’s closing price of $3.630.  Marking an intraday high of $3.751 within minutes of the opening bell, prices then trended lower as markets looked for directi ... Read More

The EIA reported that U.S. crude oil inventories fell 6.7 million barrels

July 1, 2021
Recap: Oil futures fell from session highs, but remained in positive territory after the Energy Information Administration said U.S. crude oil inventories fell 6.7 million barrels in the week ending June 25, marking the sixth straight week of declines. Upon the initial selloff, p ... Read More
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