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December NYMEX Natural Gas Futures Contract Closed at $2.566 on Monday, November 18th

November 19, 2019
Monday, November 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.588, roughly two cents above Friday’s closing price of $2.688.  Dropping nearly 4% over the weekend, seasonal temperatures have pulled the rug out from under the most recent rally as productio ... Read More

The oil market remained well supported in overnight trading on hopes for a trade deal between the US and China

November 19, 2019
Recap:  Following last week’s gains, the oil market remained well supported in overnight trading on hopes for a trade deal between the US and China and the expectations that OPEC would extend its production cuts.  The crude market posted a high of $58.09 before the market gave up ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $2.688 on Friday, November 15th

November 18, 2019
Friday, November 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.671, roughly two cents above Thursday’s closing price of $2.647.  Descending into the session’s opening hour to record an intraday low of $2.629 ahead of 10:00AM, prices soon reversed directio ... Read More

December NYMEX Natural Gas Futures Contract Closed at $2.647 on Thursday, November 14th

November 15, 2019
Thursday, November 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.678, nearly eight cents above Wednesday’s closing price of $2.600.  Stepping lower early on, following the overnight jump, prices stabilized along $2.660 through 10:30AM.  Plummeting to an i ... Read More

U.S. crude oil inventory increased by 2.2 million barrels

November 15, 2019
Recap: Crude oil prices pared early gains after the EIA reported a larger than expected build in U.S. crude oil inventories. For the week ending November 8, U.S. crude oil inventory increased by 2.2 million barrels, the U.S. Energy Information Administration said on Thursday. Ana ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $2.600 on Wednesday, November 13th

November 14, 2019
Wednesday, November 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.594, three cents below Tuesday’s closing price of $2.621.  In an uneventful day of trading, prices fluctuated with a two-cent range of $2.585 for the majority of the day.  With the current ... Read More

U.S. shale oil production could grow by much less than expected in 2020

November 14, 2019
Recap: Oil prices climbed higher on Wednesday, erasing two days of losses after OPEC said it saw no signs of global recession and that U.S. shale oil production could grow by much less than expected in 2020. Also supporting prices were comments by U.S. Federal Reserve Chair Jerom ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $2.621 on Tuesday, November 12th

November 13, 2019
Tuesday, November 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.660, two cents above Monday’s closing price of $2.637.  Reaching a modest intraday high of $2.662 by 9:10AM, the contract then continued the downward trajectory that started after last Tuesda ... Read More

Oil prices shifted to the downside on Tuesday

November 13, 2019
Recap: Oil prices shifted to the downside on Tuesday after experiencing about a 1% rise earlier in the session following a speech by U.S. President Donald Trump in which he offered few new details about the trade talks between the U.S. and China. In overnight trading, December WT ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $2.637 on Monday, November 11th

November 12, 2019
Monday, November 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.641, fifteen cents below Friday’s closing price of $2.789.  Slipping lower over the weekend despite Thursday’s bullish storage injection and continued expectations for the arrival of winter-li ... Read More
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