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Market Insights
Natural Gas
Basis
NYMEX
March NYMEX Natural Gas Futures Contract Closed at $4.639 on Friday, January 28th
January 31, 2022
Friday, January 28th saw the front-month NYMEX Natural Gas Futures Contract open at $4.768, forty-eight cents above Thursday’s closing price of $4.283. Ascending to an intraday high of $4.876 by 9:25AM and marking an intraday low of $4.607 an hour later, volatility ensued as trad ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Futures Slipped From Fresh Seven-Year Highs on Friday
January 31, 2022
Recap: Oil futures slipped from fresh seven-year highs on Friday, as equities wavered and the dollar’s strength weighed on prices. Oil has rallied most of the week with physical supplies appearing extremely tight. Key swaps tied to the North Sea market are trading at their strong ...
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Heating Oil
Gasoline
Crude
Brent climbed above $90 a barrel for the first time in seven years
January 28, 2022
Recap: Oil futures reversed early gains, but held close to seven highs as Russia tensions offset U.S. Federal Reserve plans to implement money tightening policies. Crude prices surged on Wednesday, with Brent climbing above $90 a barrel for the first time in seven years amid tens ...
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Market Insights
Natural Gas
Basis
NYMEX
March NYMEX Natural Gas Futures Contract Closed at $4.283 on Thursday, January 27th
January 28, 2022
Thursday, January 27th – settlement day for the February contract – saw the front-month NYMEX Natural Gas Futures Contract open at $4.308, three cents above Wednesday’s closing price of $4.277. Climbing throughout the day, prices skyrocketed ahead of settlement, which analysts ar ...
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Market Insights
Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $4.277 on Wednesday, January 26th
January 27, 2022
Wednesday, January 26th – saw the front-month NYMEX Natural Gas Futures Contract open at $4.348, twenty-nine cents above Tuesday’s closing price of $4.053. Marking the intraday high of $4.372 following a pre-session rally, the contract trended lower into the morning. Analysts are ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Futures Rallied on Wednesday, With Both WTI and Brent Reaching Seven Year Highs
January 27, 2022
Recap: Oil futures rallied on Wednesday, with both WTI and Brent reaching seven year highs. Prices were supported by tight supplies and rising political tensions between Russia and Ukraine which added to concerns about further disruption in an already tight market. Producers cont ...
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Market Insights
Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $4.053 on Tuesday, January 25th
January 26, 2022
Tuesday, January 25th – saw the front-month NYMEX Natural Gas Futures Contract open at $3.995, three cents below Monday’s closing price of $4.027. Touching down to an intraday low of $3.939 by 9:15AM, the contract chopped around the $3.980 level until ascending higher near midday ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil futures reversed early losses on Tuesday on concerns supplies could become tightened
January 26, 2022
Recap: Oil futures reversed early losses on Tuesday on concerns supplies could become tightened due to Ukraine-Russia tensions, threats to infrastructure in the United Arab Emirates and OPEC+ struggling to hit its targeted monthly output increase. The rise in oil prices came desp ...
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Market Insights
Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $4.027 on Monday, January 24th
January 25, 2022
Monday, January 24th – saw the front-month NYMEX Natural Gas Futures Contract open at $3.932, nearly seven cents below Friday’s closing price of $3.999. Falling to an intraday low of $3.929 within minutes of the open, prices then trended higher heading into midday. Reaching an i ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Futures Fell Almost 2% on Monday, As Talk of a Rate Hike by the U.S. Federal Reserve Led to a Risk-Off Selling Fury by Investors
January 25, 2022
Recap: Oil futures fell almost 2% on Monday, as talk of a rate hike by the US Federal reserve led to a risk-off selling fury by investors, who fear that a rate hike may come sooner than expected. Equities also tumbled, while the dollar rose, adding pressure on crude oil prices. S ...
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