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Oil futures rose as much as 3.8% on Tuesday

April 7, 2021
Recap: Oil futures rose as much as 3.8% on Tuesday, following a rise across the spectrum for commodities, as the International Monetary Fund boosted its 2021 economic growth forecast to 6% from a January forecast of 5.5% as it expects strong growth for emerging economies and the ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.511 on Monday, April 5th

April 6, 2021
Monday, April 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.558, eight cents below Thursday’s closing price of $2.639.  Ascending to an intraday high of $2.580 by 9:20AM, prices then began a steady descent to reach an intraday low of $2.488 at 11:00AM.  Tr ... Read More

Oil futures fell on Monday

April 6, 2021
Recap: Oil futures fell on Monday, with some traders worried that the rising number of COVID cases will stammer demand and, as the energy complex grew concerned over the decision by OPEC+ to ease output curbs and indications that Iran is adding more supply to the market. Demand c ... Read More
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OPEC+ decided to gradually increase crude output by adding 350,000 barrels per day starting in May

April 5, 2021
Recap: In a surprise move, oil futures rose on Thursday, despite OPEC+ deciding to gradually increase crude output by adding 350,000 barrels per day starting in May and over the next three months. Citing a slow tightening between supply and demand, and forecasts for a strong reco ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.639 on Thursday, April 1st

April 2, 2021
Thursday, April 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.594, a penny below Wednesday’s closing price of $2.608.  Tallying an intraday low of $2.593 soon after the opening belling, prices rose to the $2.630 level ahead of the weekly storage publicatio ... Read More

The EIA reported a 900,000 barrel drop in U.S. crude oil inventories

April 1, 2021
Recap: Oil futures rose on Wednesday, as U.S. crude supplies fell for the first time in six weeks, according to the EIA. The EIA reported a 900,000 barrel drop in U.S. crude oil inventories; analyst had expected a build of 600,000 barrels. The reaction to the report was limited, ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.623 on Tuesday, March 30th

March 31, 2021
Tuesday, March 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.636, two cents below Monday’s closing price of $2.653.  Trading alongside $2.635 through 10:30AM, marking an intraday high of $2.647, prices then moved lower to reach an intraday low of $2.597 j ... Read More

Oil futures fell as traders focus on upcoming OPEC meeting

March 31, 2021
Recap:  Oil futures stumbled on Tuesday, as ships resumed moving through the Suez Canal and as traders focused on the meeting between OPEC and its allies set for later this week. It is expected that the group will vote to extend existing production cuts through May. Adding to the ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.653 on Monday, March 29th

March 30, 2021
Monday, March 29th – settlement day for the April contract—saw the front-month NYMEX Natural Gas Futures Contract open at $2.583, nearly three cents above Friday’s closing price of $2.557.  Bearish pressure drove the contract lower early on, stabilizing near $2.535 by 10:00AM.  R ... Read More

Oil futures traded higher on Monday

March 30, 2021
Recap: Oil futures traded higher on Monday, after last week’s setback. Concerns over continued delays in the Suez Canal and expectations that OPEC+ will keep output through May spurred prices higher. Although the grounded container ship was freed, traders were concerned about per ... Read More
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