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Oil futures jumped to their highest settlement since 2019

March 8, 2021
Recap: Oil futures jumped to their highest settlement since 2019 on Friday following a stronger-than-expected U.S. jobs report, and extended Thursday’s gains on the decision by OPEC and its allies to keep production cuts in place through April. For the first time since October of ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.749 on Thursday, March 4th

March 5, 2021
Thursday, March 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.775 four cents below Friday’s closing price of $2.816.  Prices reached their intraday high of $2.783, just before the release of the EIA Natural Gas Storage Report at 10:20AM. Upon the release o ... Read More

OPEC and its allies voted to rollover current production cuts to the end of April

March 5, 2021
Recap: Oil futures climbed higher on Thursday after OPEC and its allies voted to rollover current production cuts to the end of April. Saudi Arabia also extended its voluntary output cut of one million barrels a day, which was due to expire at the end of March. News of the rollov ... Read More
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Oil futures rose by almost 3% on Wednesday

March 4, 2021
Recap: Oil futures rose by almost 3% on Wednesday on talk of a potential roll over of production cuts by OPEC and its allies. Traders were hopeful that the group would decide to roll over production cuts in an effort to support prices, even after the EIA showed a whopping 21.6 mi ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.839 on Tuesday, March 2nd

March 3, 2021
Tuesday, March 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.819, four cents above Monday’s closing price of $2.777. In a bumpy day of trading, prices quickly fell to their intraday low of $2.795 at 9:30AM. After reaching their low for the day, prices took ... Read More

Traders were focused on rising tensions between the U.S. and Saudi Arabia.

March 3, 2021
Recap: Oil futures extended their losses on Tuesday ahead of the meeting between OPEC and its allies, where they will decide whether or not to boost production levels. Traders were also focused on rising tensions between the U.S. and Saudi Arabia. WTI settled below $60 for the fi ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.777 on Monday, March 1st

March 2, 2021
Monday, March 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.741, three cents below Friday’s closing price of $2.771.  In a quiet day of trading, prices hovered near the $2.760 level for the majority of the day.  Falling to an intraday low of $2.740 ahead o ... Read More

April NYMEX Natural Gas Futures Contract Closed at $2.771 on Friday, February 26th

March 1, 2021
Friday, February 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.731, four cents below Thursday’s closing price of $2.777.  Falling to an intraday low of $2.707 by 9:10AM, prices then traded along either side of $2.740 until midday.  Trending higher into th ... Read More

OPEC+ is expected to increase quotas by 500,000 barrels per day

March 1, 2021
Recap: A rise in the U.S. dollar combined with increasing concern over next week’s meeting between OPEC and other major producers, pushed oil futures lower on Friday. OPEC+ is expected to increase quotas by 500,000 barrels per day. The group is faced with two decisions when it me ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.777 on Thursday, February 25th

February 26, 2021
Thursday, February 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.804, a penny above Wednesday’s closing price of $2.795.  Falling to an intraday low of $2.766 by 9:30AM, the contract was trading near $2.805 ahead of the weekly storage publication.  Ascend ... Read More
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