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The EIA reported a 13.8 million barrel build in U.S. crude oil inventories

April 2, 2020
Recap: Oil prices fell on Wednesday after the EIA reported a 13.8 million barrel build in U.S. crude oil inventories, the largest gain since 2016 while gasoline demand suffered its biggest weekly drop ever due to the coronavirus pandemic. Gasoline demand fell by the most ever in ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.640 on Tuesday, March 31st

April 1, 2020
Tuesday, March 31st saw the front-month NYMEX Natural Gas Futures Contract open at $1.717, nearly three cents above Monday’s closing price of $1.690.  Riding pre-session momentum to attain an intraday high of $1.729 soon after the opening bell, selling then took hold and directed ... Read More

Oil futures climbed off of 18-year lows on Tuesday

April 1, 2020
Recap: Oil futures climbed off of 18-year lows on Tuesday after U.S. President Donald Trump and Russian counterpart Vladimir Putin spoke about efforts to fight the spread of the coronavirus and stabilize the crude oil market and after China reported strong manufacturing data. May ... Read More
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Global crude oil prices dropped to their lowest level in 18 years

March 31, 2020
Recap: Global crude oil prices plummeted on Monday to their lowest level in 18 years amid continued concerns over the impact the coronavirus pandemic was having on demand and as the price war between Russia and Saudi Arabia remained unresolved. May WTI fell 6.6%, or $1.42, to set ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.690 on Monday, March 30th

March 31, 2020
On Monday, March 30th – the May NYMEX Natural Gas Futures Contract began trading as the prompt month.  Opening at $1.632, four cents below Friday’s closing price of $1.671, a momentary dip to an intraday low of $1.627 saw prices then step higher into the morning.  Leveling off ne ... Read More

A fall in prices came despite the passing of a fiscal stimulus package by the U.S. House

March 30, 2020
Recap: Oil prices plunged for the fifth straight week, as a huge drop in global demand, fed by the coronavirus, continues to wreak havoc on the world’s economy. The fall in prices came despite the passing of a fiscal stimulus package by the U.S. House, which is expected to ease e ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $1.634 on Friday, March 27th

March 30, 2020
Friday, March 27th – settlement day for the April Contract – saw the front-month NYMEX Natural Gas Futures Contract open at $1.644, a penny above Thursday’s closing price of $1.637.  In a slow day of trading, the contract marked an intraday low of $1.597 as markets opened and man ... Read More

April NYMEX Natural Gas Futures Contract Closed at $1.637 on Thursday, March 26th

March 27, 2020
Thursday, March 26th saw the front-month NYMEX Natural Gas Futures Contract open at $1.644, two cents below Wednesday’s closing price of $1.659.  Trading gradually higher to $1.660 through the day’s opening 90 minutes, prices jumped to an intraday high of $1.672 as the storage re ... Read More

Crude oil prices pared early gains on Thursday

March 27, 2020
Recap: Crude oil prices pared early gains on Thursday after the U.S. Department of Energy ditched plans to buy oil for the Strategic Petroleum Reserve, and after the head of the IEA said global demand could drop as much as 20 million barrels per day, or 20% of total demand, as th ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $1.659 on Wednesday, March 25th

March 26, 2020
Wednesday, March 25th saw the front-month NYMEX Natural Gas Futures Contract open at $1.670, two cents above Tuesday’s closing price of $1.653.  Reaching an intraday high of $1.683 by 9:40AM, prices fell in the following thirty minutes to record the intraday low of $1.638 as mild ... Read More
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