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Oil prices declined in volatile trading on Friday

September 30, 2019
Recap: Oil prices declined in volatile trading on Friday, following a spate of news reports tied to Iranian sanctions, a cease-fire between Saudi Arabia and Yemen, and the U.S. considering limits on investment flows into China. Prices, which were already trading lower, off of the ... Read More
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Prices continue to feel the pressure from rising U.S. crude oil inventories

September 27, 2019
Recap: Oil futures slipped in early trading on Thursday, as prices continued to feel the pressure from rising U.S. crude oil inventories, amid record production. November WTI traded as low as $55.41 a barrel, down $1.08, or 1.9% by 10:58 a.m. EST, while November Brent fell 93 cen ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.428 on Thursday, September 26th

September 27, 2019
On Thursday, September 26th – settlement day for the October contract – the front-month NYMEX Natural Gas Futures Contract opened at $2.510, a penny above Wednesday’s closing price of $2.502. Trailing lower to $2.475 by 9:30AM, the contract traded sideways for the subsequent hour ... Read More

October NYMEX Natural Gas Futures Contract Closed at $2.502 on Wednesday, September 25th

September 26, 2019
Wednesday, September 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.471, three cents below Tuesday’s closing price of $2.503.  Touching down to a near three-week intraday low of $2.455 by 9:30AM, markets soon reversed direction and rallied to an intraday h ... Read More

The EIA reported a 2.4 million barrel build in U.S. crude oil inventories

September 26, 2019
Recap: Oil prices fell on Wednesday after the EIA reported a 2.4 million barrel build in U.S. crude oil inventories. Analysts had expected a decline of 190,000 barrels. November WTI, which was already trading $1.74, or 3% lower on the day, slipped an additional 36 cents to hit a ... Read More
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Iranian President Hassan Rouhani said he was open to discuss small changes to the 2015 nuclear deal if the U.S. lifted sanctions on his country

September 25, 2019
Recap: Oil prices declined on Tuesday after U.S. consumer confidence fell to 125.1 in September and after Iranian President Hassan Rouhani said he was open to discuss small changes to the 2015 nuclear deal if the U.S. lifted sanctions on his country. Also contributing to the slip ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.503 on Tuesday, September 23rd

September 25, 2019
Tuesday, September 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.541, roughly a penny above Monday’s closing price of $2.527.  Reaching upward to tally the intraday high of $2.552 by 9:10AM, prices then dropped to the $2.530 level and traded sideways thro ... Read More

October NYMEX Natural Gas Futures Contract Closed at $2.527 on Monday, September 23rd

September 24, 2019
Monday, September 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.510, about two cents below Friday’s closing price of $2.534.  Continuing to use the $2.50 mark as a major support level, prices fell to an intraday low of $2.500 at 9:10AM only to then mount ... Read More

Oil prices finished higher on Monday

September 24, 2019
Recap: Oil prices finished higher on Monday, as tensions in the Middle East overshadowed the restoration of output from Saudi Arabia, which was lost due to attacks over a week ago that damaged its oil facilities. This geopolitical risk pushed November WTI to a session high of $59 ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.534 on Friday, September 20th

September 23, 2019
Friday, September 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.568, three cents above Thursday’s closing price of $2.538.  Inching upward to reach an intraday high of $2.579 by 9:10AM, traders soon resumed the selling that had persisted since Wednesday a ... Read More
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