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June NYMEX Natural Gas Futures Contract Closed at $1.681 on Thursday, May 14th

May 15, 2020
Thursday, May 14th saw the front-month NYMEX Natural Gas Futures Contract open at $1.631, nearly two cents above Wednesday’s closing price of $1.616.  Slipping to an intraday low of $1.617 within minutes of 9:00AM, the contract soon rallied to reach $1.660 at 10:20AM, and continu ... Read More

WTI rose to its highest level in six weeks

May 15, 2020
Recap: WTI rose to its highest level in six weeks, on the back of recent pledges by OPEC and its allies to cut output, a surprise fall in U.S. crude oil stockpiles and as the IEA pointed to a tightening of supplies. Oil prices have been rising in recent days in response to Saudi ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $1.616 on Wednesday, May 13th

May 14, 2020
Wednesday, May 13th saw the front-month NYMEX Natural Gas Futures Contract open at $1.716, just below Tuesday’s closing price of $1.720.  Reaching an intraday high of $1.726 within minutes of the opening bell, momentum turned bearish once again as a year-over-year decline in usag ... Read More

Prices fell as much as 3% on Wednesday

May 14, 2020
Recap: Oil futures slipped on Wednesday after failing to find support despite the surprise drop in U.S. crude oil stockpiles. Price fell as much as 3% as markets were also affected by the U.S. Federal Reserve Chairman warning that economic recovery from the coronavirus pandemic w ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $1.720 on Tuesday, May 12th

May 13, 2020
Tuesday, May 12th saw the front-month NYMEX Natural Gas Futures Contract open at $1.777, five cents below Monday’s closing price of $1.826.  Climbing to an intraday high of $1.801 by 9:40AM, the contract soon trended lower to settle in near $1.760 at 11:00AM.  Updated forecasts a ... Read More

U.S. prices finished at their highest level in five weeks

May 13, 2020
Recap: Oil futures rebounded on Tuesday, with U.S. prices finishing at their highest level in five weeks after OPEC's de facto leader, Saudi Arabia, said it would increase supply curbs in June, while other members of the oil-producing group said they want to extend the deep cuts ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $1.826 on Monday, May 11th

May 12, 2020
Monday, May 11th saw the front-month NYMEX Natural Gas Futures Contract open at $1.851, three cents above Friday’s closing price of $1.823.  Ascending to an intraday high of $1.890 by 9:40AM, prices soon cascaded lower to cross $1.830 at midday and falling to an intraday low of $ ... Read More

Saudi Arabia and other major producers vowed to further cut output in June

May 12, 2020
Recap: Oil futures headed to the upside after Saudi Arabia and other major producers vowed to further cut output in June, but the up move was short lived, as a slump in demand due to the coronavirus pandemic outweighed efforts to prop up prices. While an extra 1.2 million barrels ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $1.823 on Friday, May 8th

May 11, 2020
Friday, May 8th saw the front-month NYMEX Natural Gas Futures Contract open at $1.855, four cents below Thursday’s closing price of $1.894.  Ascending to an intraday high of $1.875 at 10:10AM, the contract proceeded to post a choppy decline for the balance of the session.  Follow ... Read More

Oil futures finished higher after improvement in demand for petroleum products

May 11, 2020
Recap: Oil futures finished higher on Friday, with U.S. prices posting a climb of about 25% for the week, finding support from signs of production declines and an improvement in demand for petroleum products. On Friday, Baker Hughes reported an eighth weekly decline  in the numbe ... Read More
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