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February NYMEX Natural Gas Futures Contract Closed at $2.162 on Tuesday, January 7th

January 8, 2020
Tuesday, January 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.139, just above Monday’s closing price of $2.135.  Shedding two cents early on, the contract maintained a steady climb throughout the day to cross midday near $2.157 and reach an intraday high ... Read More

Oil prices slipped about 1% on Tuesday

January 8, 2020
Recap: Oil prices slipped about 1% on Tuesday, giving back gains made over the last three sessions, as traders weighed in on what impact, if any, the U.S. drone strike in Iran would have on crude oil supplies. After gapping lower on the opening, both WTI and Brent made a failed a ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.135 on Monday, January 6th

January 7, 2020
Monday, January 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.151, two cents above Friday’s closing price of $2.130.  Climbing to an intraday high of $2.160 by 9:30AM, a steady selloff then took hold to drive prices to the intraday low of $2.113 at 11:00AM ... Read More

WTI traded at its highest level since early May

January 7, 2020
Recap: Oil prices added to the more than 3% gain from the previous week, with WTI trading at its highest level since early May. Prices were boosted by the U.S. airstrike last week that killed a top ranking Iranian military commander, which raised concern over global supplies. Feb ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.130 on Friday, January 3rd

January 6, 2020
Friday, January 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.140, two cents above Thursday’s closing price of $2.122.  Falling to an intraday low of $2.115 by 9:10AM, prices traded along the $2.13 level until the weekly storage publication at 10:30AM.  Ga ... Read More

U.S prices were lifted to their highest in eight months

January 6, 2020
Recap: Oil futures rallied Friday, briefly lifting U.S. prices to their highest in eight months, after a U.S. airstrike in Iraq killed one of Iran’s top military commanders, sparking fears of an escalation of tensions in the Middle East that could disrupt the flow of crude. In ea ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.122 on Thursday, January 2nd

January 3, 2020
Thursday, January 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.169, two cents below Tuesday’s closing price of $2.189.  Tallying an intraday high of $2.170 as markets opened, prices fell to the $2.12 mark by 11:00AM as steady production and unseasonal tem ... Read More

Prices traded flat in both the WTI and Brent markets

January 3, 2020
Recap: Trading was quiet with prices trading flat in both the WTI and Brent markets, as traders came back from the Christmas/New Year holidays. Prices were supported by signs of improving trade relations between the U.S. and China but strength in the dollar worked to keep a lid o ... Read More
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The US EIA reported that US crude oil production in October increased to a record 12.66 million bpd

January 2, 2020
Fundamental News: The US EIA reported that US crude oil production in October increased to a record 12.66 million bpd from a revised 12.48 million bpd in September.  It also reported that US total oil demand in October increased by 0.2% or 38,000 bpd on the year to 20.772 million ... Read More
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Oil futures turned mixed after hitting a three-month high

December 31, 2019
Recap: Oil futures turned mixed after hitting a three-month high Monday, lifted by upbeat expectations around the global economy and optimism over an expected trade deal between the U.S. and China, while traders also kept an eye on developments in Iraq and Syria. February WTI ros ... Read More
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