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January NYMEX Natural Gas Futures Contract Closed at $2.231 on Friday, December 27th

December 30, 2019
Friday, December 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.209, nine cents below Tuesday’s closing price of $2.294. After open, prices began to fall before quickly spiking to an intraday high of $2.220 at 10:30AM. After this rapid spike, prices resume ... Read More

New data showed that U.S. crude inventories fell more than expected

December 30, 2019
Recap: Oil was little changed on Friday, steadying near three-month highs after new data showed U.S. crude inventories fell far more than expected, while upbeat economic data and optimism over a U.S.-China trade deal fueled a year-end stock market rally. February WTI rose 4 cents ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.294 on Thursday, December 26th

December 27, 2019
Thursday, December 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.255, eight cents above Tuesday’s closing price of $2.172. Prices quickly reached their intraday low of $2.244 at 9:30AM, and remained stable until late morning. Prices bounced upwards at 11: ... Read More

The API reported a 7.9 million barrel drop in U.S. crude oil inventories

December 27, 2019
Recap: Crude oil prices rose on Thursday after the API reported a 7.9 million barrel drop in U.S. crude oil inventories. WTI rose to its highest level in 3 ½ months, with the February contract trading at a session high of $61.83 a barrel, before paring gains to settle at $61.68 a ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.214 on Monday, December 23rd

December 26, 2019
Tuesday, December 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.171, four cents below Monday’s closing price of $2.214. Falling to an intraday low of $2.162 by 10:20AM, forecasts for above average temperatures have erased any sense of urgency in the marke ... Read More

January NYMEX Natural Gas Futures Contract Closed at $2.214 on Monday, December 23rd

December 24, 2019
Monday, December 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.214, eleven cents below Friday’s closing price of $2.328.  Gapping lower over the weekend, following Friday’s short-covering induced rally, forecasts have proven bearish in the short-term as t ... Read More

Oil prices edged higher on Monday

December 24, 2019
Recap: Oil prices edged higher on Monday, despite reports indicating that a recent pact to curb global output by OPEC and its allies may be eased and as Kuwait and Saudi Arabia appeared close to a resolution on a disputed territory, which could see fresh oil hit the market in com ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.328 on Friday, December 20th

December 23, 2019
Friday, December 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.319, nearly five cents above Thursday’s closing price of $2.273.  Ascending to an intraday high of $2.336 by 9:20AM, prices then trended downward as the $2.30 level proved supportive.  Marking ... Read More

The number of active U.S. rigs drilling for oil increased by 18 to 685

December 23, 2019
Recap: Oil prices headed lower on Friday, with declines accelerating after Baker Hughes report that the number of active U.S. rigs drilling for oil increased by 18 to 685, marking the second straight week the number increased. February WTI fell $1.16, or 1.8%, to trade at a sessi ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.273 on Thursday, December 19th

December 20, 2019
Thursday, December 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.252, three cents below Wednesday’s closing price of $2.286.  Trading along either side of $2.250 through 10:30AM, prices surged to an intraday high of $2.302 ten minutes later as the bullish ... Read More
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