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July NYMEX Natural Gas Futures Contract Closed at $1.637 on Tuesday, June 23rd

June 24, 2020
Tuesday, June 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.644, two cents below Monday’s closing price of $1.664.  Trading downward to an intraday low of $1.614 by 10:10AM, prices churned slowly higher to cross midday at $1.645.  Trading within a narrow ... Read More

July NYMEX Natural Gas Futures Contract Closed at $1.664 on Monday, June 22nd

June 23, 2020
Monday, June 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.696, three cents above Friday’s closing price of $1.669.  Dropping nearly three cents by 9:30AM, the contract plodded higher to reach an intraday high of $1.712 just ahead of midday.  Per the EIA, ... Read More

Prices received a boost from plummeting U.S. and Canadian oil rig counts

June 23, 2020
Recap: Oil futures finished higher on Monday, on tighter supplies from major producers as traders weighed the prospects for energy demand amid rising cases of Covid-19. Prices also received a boost from plummeting U.S. and Canadian oil rig counts, an indicator of future supply, a ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $1.669 on Friday, June 19th

June 22, 2020
Friday, June 19th saw the front-month NYMEX Natural Gas Futures Contract open at $1.650, a penny above Thursday’s closing price of $ $1.638.  Falling to an intraday low of $1.642 soon after the opening bell, prices jumped four cents in the following two hours to tag an intraday h ... Read More

Signs of improvement in the global economy brightened the outlook for energy demand

June 22, 2020
Recap: Oil futures ended higher on Friday, with U.S. prices up nearly 10% for the week as OPEC members and allies tightened the reins on output cuts and some signs of improvement in the global economy brightened the outlook for energy demand. The OPEC+ decision boosted trader con ... Read More
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Crude oil prices edged higher on Thursday

June 19, 2020
Recap: Crude oil prices edged higher on Thursday after major producers at an OPEC+ led meeting of the Joint Ministerial Monitoring Committee emphasized the importance of adherence to pledged production cuts and made moves to ensure that certain countries make up for failing to fu ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $1.638 on Thursday, June 18th

June 19, 2020
Thursday, June 18th saw the front-month NYMEX Natural Gas Futures Contract open at $1.624, a penny below Wednesday’s closing price of $ $1.638.  Falling to an intraday low of $1.611 by 9:40AM, the contract then began a gradual ascent, which was largely unaffected by news of a sto ... Read More

Investors worry about fuel demand due to fresh outbreaks of COVID-19

June 18, 2020
Recap: Oil prices fell on Wednesday as investors worried about fuel demand due to fresh outbreaks of COVID-19, though prices drew some support after US stocks of diesel fuel fell for the first time in weeks and US oil production dropped sharply. Traders also analyzed a monthly re ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $1.638 on Wednesday, June 17th

June 18, 2020
Wednesday, June 17th saw the front-month NYMEX Natural Gas Futures Contract open at $1.619, just above Tuesday’s closing price of $1.614.  Seeking direction early on, prices rose to an intraday high of $1.647 by 10:20AM as above-average temperatures are expected for the back end ... Read More

July NYMEX Natural Gas Futures Contract Closed at $1.614 on Tuesday, June 16th

June 17, 2020
Tuesday, June 16th saw the front-month NYMEX Natural Gas Futures Contract open at $1.643, nearly three cents below Monday’s closing price of $1.669.  Marking the intraday high as markets opened, prices fell to an intraday low of $1.597 by 9:30AM.  Trading within a tight band near ... Read More
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