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January NYMEX Natural Gas Futures Contract Closed at $2.399 on Wednesday, December 4th

December 5, 2019
Wednesday, December 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.401, four cents below Tuesday’s closing price of $2.441.  Following the previous session’s weather-induced rally, forecasts warmed slightly overnight as we saw the contract fall to an intrad ... Read More

The EIA reported that crude stocks fell by 4.9 million barrels

December 5, 2019
Recap: Oil futures rose Wednesday, after U.S. government data showed the first decline in U.S. crude-oil inventories in six weeks. WTI January delivery rose $2.56, or 4.5%, to $58.66 a barrel, while February Brent crude tacked on $2.69, or 4.4%, at $63.51 a barrel. The Energy Inf ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.441 on Tuesday, December 3rd

December 4, 2019
Tuesday, December 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.409, eight cents above Monday’s closing price of $2.329.  Falling to an intraday low of $2.391 as markets opened, prices were quick to recapture the $2.41 level and trend higher into the morni ... Read More

The market was supported by increasing expectations of deeper output cuts from and OPEC and its allies

December 4, 2019
Recap: The oil market on Tuesday posted an outside trading day but continued to trade within Friday’s trading range as it traded in and out of positive territory.  The market was supported by increasing expectations of deeper output cuts from and OPEC and its allies.  According t ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.329 on Monday, December 2nd

December 3, 2019
Monday, December 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.343, six cents above Friday’s closing price of $2.281.  Tumbling to the $2.300 level on Friday as forecasts for supportive weather have disappeared, there seemed to be consensus among traders t ... Read More

Oil prices rose after signs of a rebound in manufacturing activity in China

December 3, 2019
Recap:  Oil futures rose Monday, buoyed after signs of a rebound in manufacturing activity in China as well as the potential for OPEC and its allies to agree on deeper production cuts when they meet later this week. WTI for January delivery gained as much as $1.50, or 2.7%, to $5 ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.501 on Wednesday, November 27th

December 2, 2019
On Wednesday, November 27th – the January NYMEX Natural Gas Futures Contract began trading as the prompt month.  Opening at $2.530, just below Tuesday’s closing price of $2.533, the contract fluctuated along either side of $2.515 until the weekly storage publication was released ... Read More

Oil prices moved lower ate 1.6 million barrel rise in U

December 2, 2019
Recap: Oil prices turned lower Wednesday after official U.S. inventory data posted a 1.6 million barrel rise in U.S. crude oil stockpiles, which defied analyst predictions for a drawdown. Earlier, oil prices for the U.S. and global benchmarks had edged higher as cautious optimism ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $2.533 on Tuesday, November 26th

November 27, 2019
Tuesday, November 26th – settlement day for the December Contract – saw the front-month NYMEX Natural Gas Futures Contract open at $2.460, seven cents below Monday’s closing price of $2.531.  Choppy trading persisted into the morning hours as a few dips to $2.427 ultimately fell ... Read More

Oil prices edged higher on Tuesday

November 27, 2019
Recap: Oil prices edged higher Tuesday amid hopes that trade talks between China and the U.S. will ultimately result in a deal that sustains global economic growth and energy demand while OPEC restrains production. Oil markets received an extra boost after Russian news agency TAS ... Read More
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