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May NYMEX Natural Gas Futures Contract Closed at $1.783 on Wednesday, April 8th

April 9, 2020
Wednesday, April 8th saw the front-month NYMEX Natural Gas Futures Contract open at $1.842, a penny below Tuesday’s closing price of $1.852.  Continuing the three-day rally early on, prices rose to an intraday high of $1.886 at 9:40AM.  Trending lower from there, traders then pul ... Read More

May NYMEX Natural Gas MarketWatch 04.08.20

April 8, 2020
Tuesday, April 7th saw the front-month NYMEX Natural Gas Futures Contract open at $1.798, nearly seven cents above Monday’s closing price of $1.731.  Slipping to an intraday low of $1.785 out of the gate, prices then mounted a staggered ascent that would span into the afternoon.  ... Read More

The EIA lowered its 2020 forecast for WTI and Brent prices

April 8, 2020
Recap: Oil futures gave up early gains on Tuesday to settle lower, pressured after the EIA lowered its 2020 forecast for WTI and Brent prices and its outlook for domestic production for this year and next. The government agency cut its expectations for 2020 U.S. crude production ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.731 on Monday, April 6th

April 7, 2020
Monday, April 6th saw the front-month NYMEX Natural Gas Futures Contract open at $1.666, four cents above Friday’s closing price of $1.621.  Continuing Friday’s momentum, prices surged early on to reach $1.710 by 10:00AM and rose to $1.734 ninety minutes later.  With many theorie ... Read More

WTI fell for the first time in 3 sessions

April 7, 2020
Recap: WTI fell for the first time in 3 sessions after a meeting by key producers was pushed back to Thursday, contributing to uncertainty in the market, as traders await news of potential crude production cuts OPEC+ was slated to meet on Monday in an effort to resolve the growin ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.621 on Friday, April 3rd

April 6, 2020
Friday, April 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.550, nearly even to Thursday’s closing price of $1.552.  Recording an intraday low of $1.534 soon after 9:00AM, prices soon found upward momentum.  Possible fueled by short covering, or mimicking ... Read More

U.S. prices tallied a weekly gain of almost 32%

April 6, 2020
Recap: Oil futures surged on Friday, with U.S. prices tallying a weekly gain of almost 32%. Prices extended their Thursday rally on growing expectations that major oil producers will reach an agreement to significantly cut production levels as efforts to slow the spread of COVID- ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.552 on Thursday, April 2nd

April 3, 2020
Thursday, April 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.578, a penny below Wednesday’s closing price of $1.587.  Ascending to an intraday high of $1.585 within minutes of the opening bell, prices then fell to the $1.55 level and traded sideways throu ... Read More

Oil price jumped on Thursday

April 3, 2020
Recap: Oil price jumped on Thursday after U.S. President Donald Trump tweeted that he had brokered a deal between Saudi Arabia and Russia that would take at least 10 million barrels of production off the market. Neither country has stepped forward to confirm this tweet. The quest ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.587 on Wednesday, April 1st

April 2, 2020
Wednesday, April 1st saw the front-month NYMEX Natural Gas Futures Contract open at $1.626, a penny below Tuesday’s closing price of $1.640.  Extending to an intraday high of $1.640 within minutes of the opening bell, prices soon retreated and found support near $1.595 at 10:30AM ... Read More
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