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WTI experienced an inside trading session after gapping lower on the opening

March 22, 2021
Recap: Just one day after falling by 7%, crude oil futures seesawed on Friday, turning to the upside, as traders reacted to reports of a drone attack on one of Saudi Arabia’s oil facilities, and on what was most likely trader stabilization ahead of the weekend. Despite a higher d ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.481 on Thursday, March 18th

March 19, 2021
Thursday, March 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.484, four cents below Wednesday’s closing price of $2.528. Trending lower so after the opening bell to reach the $2.425 level, prices recovered to $2.450 ahead of the weekly storage publication ... Read More

Brent and WTI lost more than 7% over the last five sessions

March 19, 2021
Recap: Oil futures got clobbered on Thursday, falling for the fifth straight session, with both Brent and WTI losing more than 7% over the last five sessions. Most of Thursday’s pressure came from a rise in the U.S. dollar and rising tensions between the U.S. and Russia, amid wei ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.528 on Wednesday, March 17th

March 18, 2021
Wednesday, March 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.534, three cents below Tuesday’s closing price of $2.562.  Ascending to an intraday high of $2.553 by 9:30AM, prices then trended lower as forecasts for the remainder of March remain bearish.  ... Read More

U.S. crude oil inventories rose for the fourth straight week

March 18, 2021
Recap: WTI continues to hover around $64 with a surge in prices seeming less likely, as U.S. crude oil inventories rose for the fourth straight week, as refiners ramp up output. Stockpiles for petroleum products increased as well, according to the EIA report. This, combined with ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.562 on Tuesday, March 16th

March 17, 2021
Tuesday, March 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.503, a penny above Monday’s closing price of $2.492.  Slipping to an intraday low of $2.494 as markets opened, prices rose to $2.525 by 9:30AM and $2.520 by midday.  Ascending to an intraday hig ... Read More

Refiners in Texas struggle to bounce back from the mid-February deep freeze

March 17, 2021
Recap: Oil futures fell on Tuesday, as European countries suspended the use of Oxford/AstraZeneca’s vaccine after reports of possible serious side effects. Investors grew worrisome that the slow pace of vaccinations in Europe could hurt an economic recovery and fuel demand. Trade ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.484 on Monday, March 15th

March 16, 2021
Monday, March 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.535, almost seven cents below Friday’s closing price of $2.600. Prices would reach their intraday high moments after open, spiking to $2.545 at 9:00AM. After reaching the early high, prices dropp ... Read More

Oil prices slipped on Monday

March 16, 2021
Recap: Oil prices slipped on Monday, pulling back from earlier gains nurtured by strong Chinese economic news and ongoing supply restraint from OPEC+. China’s industrial output growth quickened in January-February, beating expectations, while its daily refinery throughput data ro ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.600 on Friday, March 12th

March 15, 2021
Friday, March 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.660, almost even with Thursday’s closing price of $2.664. Prices would reach their intraday high of $2.673 at 10:40AM. After reaching the daily highpoint, prices began a downward trend throughout ... Read More
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