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Oil futures initially traded to the downside on Tuesday

June 30, 2021
Recap: Oil futures initially traded to the downside on Tuesday, but recovered, as investors monitored a pickup in the spread of the delta variant of the virus that causes COVID-19 and awaited an OPEC+ decision on whether to further lift curbs on crude production. The decision by ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $3.593 on Monday, June 28th

June 29, 2021
Monday, June 28th – settlement day for the July Contract – saw the front-month NYMEX Natural Gas Futures Contract open at $3.559, six cents above Friday’s closing price of $3.496.  Marking an intraday low of $3.554 soon after the opening bell, the contract posted a staggered asce ... Read More

Oil futures fell on Monday after hitting their highest level since 2018 earlier in the session

June 29, 2021
Recap: Oil futures fell on Monday after hitting their highest level since 2018 earlier in the session, as a spike in COVID-19 cases in Asia and Europe stunted the rally before this week’s OPEC+ meeting. August WTI traded at a high of $74.45 before tumbling to a session low of $72 ... Read More
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July NYMEX Natural Gas Futures Contract Closed at #

June 28, 2021
Friday, June 25th saw the front-month NYMEX Natural Gas Futures Contract open at $3.439, two cents above Thursday’s closing price of $3.418.  Marking an intraday low of $3.429 shortly after 9:00AM, the contract continued its rally to mark a fresh two and a half year intraday high ... Read More

Oil futures rose for the fifth consecutive week

June 28, 2021
Recap: Oil futures rose on Friday, gaining for the fifth consecutive week on expectations demand growth will outpace supply. The infrastructure deal struck by a bipartisan group of senators and President Joe Biden on Thursday, which include a proposed $6 billion sale from the U.S ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.418 on Thursday, June 24th

June 25, 2021
Thursday, June 24th saw the front-month NYMEX Natural Gas Futures Contract open at $3.325, a penny below Wednesday’s closing price of $3.333.  Rising modestly ahead of the weekly storage publication, prices surged higher as the bullish report hit the wire.  Following a brief lull ... Read More

The EIA reported a 7.6 million barrel draw in U.S. crude oil inventories

June 25, 2021
Recap: Oil futures ended higher on Thursday, extending the previous day’s gains made after the EIA reported a 7.6 million barrel draw in U.S. crude oil inventories. The larger than expected drop is being seen as an indication that demand is continuing to improve from pandemic low ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.333 on Wednesday, June 23rd

June 24, 2021
Wednesday, June 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $3.339, eight cents above Tuesday’s closing price of $3.258.  Heightened cooling demand and strong LNG exports provided support as the overnight rally extended pass the opening bell to achieve two ... Read More

Oil futures rose for the fourth straight session

June 24, 2021
Recap: Oil futures rose for the fourth straight session, with Brent tackling the $76 a barrel level for the first time since late 2018, after government data showed U.S. crude oil inventories falling 7.6 million barrels (excluding SPR oil). WTI topped $74 a barrel, for the first ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.258 on Tuesday, June 22nd

June 23, 2021
Tuesday, June 22th saw the front-month NYMEX Natural Gas Futures Contract open at $3.268, nearly eight cents above Monday’s closing price of $3.191.  Marking an intraday high of $3.272 within minutes of the opening bell, prices then slipped to an intraday low of $3.238 at 9:15AM. ... Read More
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