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June NYMEX Natural Gas Futures Contract Closed at $2.598 on Friday, May 24th

May 28, 2019
Friday, May 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.565, a penny below Thursday’s closing price of $2.578.  Falling to an intraday low of $2.542 by 9:40AM, the contract posted a steady ascent for the balance of the day to surpass the $2.60 level.  T ... Read More

Oil prices were pressured by concern over economic slowdown

May 28, 2019
Recap: Oil prices firmed on Friday ahead of the long U.S. and UK 3-day holiday weekends, but posted their largest weekly loss so far this year. It was a wild week for oil prices, which were pressured by trade tensions between the U.S. and China, rising U.S. crude oil inventories ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.578 on Thursday, May 23rd

May 24, 2019
Thursday, May 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.562, two cents above Wednesday’s closing price of $2.543.  Slipping to the intraday low of $2.540 ahead of 10:00AM, prices were able to recover to $2.555 ahead of 10:30AM.  Trending higher as the ... Read More

Trade tensions between the U.S. and China dimmed the outlook for demand

May 24, 2019
Recap: Oil prices plummeted on Tuesday, as trade tensions between the U.S. and China dimmed the outlook for demand. Brent crude futures fell to their lowest level in 8 weeks, with the July contract slipping 5.5%, to a session low of $67.02 a barrel. July WTI slumped 6.6% to a 10 ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.543 on Wednesday, May 22nd

May 23, 2019
Wednesday, May 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.584, three cents below Tuesday’s closing price of $2.613.  Tallying the intraday high of $2.592 within minutes of opening, selling pressure continued to weigh on prices as forecasts turn bearish ... Read More

The EIA reported an unexpected build in U.S. crude oil inventories

May 23, 2019
Recap: Oil prices fell as much as 2% on Wednesday as the EIA reported an unexpected build in U.S. crude oil inventories. According to the report, U.S. crude oil inventories grew by 4.7 million barrels in the week ending May 17, to their highest level in almost 2 years. Analysts w ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.613 on Tuesday, May 21st

May 22, 2019
Tuesday, May 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.645, three cents below Monday’s closing price of $2.673.  Reaching the intraday high of $2.650 by 9:10AM, prices soon trended lower as concerns surrounding production capabilities faded.  Marking ... Read More

Oil prices were pressured by trade disputes between the U.S. and China

May 22, 2019
Recap: Oil prices bounced around the unchanged level on Tuesday, with tensions in the Middle East providing early support, while trade disputes between the U.S. and China added pressure. A lack of fresh fundamentals has kept prices contained within a $4.00 trading range for the p ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.673 on Monday, May 20th

May 21, 2019
Monday, May 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.686, more than three cents above Friday’s closing price of $2.631.  Building upon Friday’s weather-induced ascent, prices rose to a five-week intraday high of $2.700 by 11:00AM.  Slipping lower in ... Read More

OPEC indicated that it would most likely stick to current production cuts

May 21, 2019
Recap: After trading at their highest level in almost 3 weeks, oil prices eased on Monday as OPEC indicated it would most likely stick to current production cuts. June WTI hit a high of $63.81 a barrel, up $1.05, or 1.67%, while July Brent rose $1.18, or 1.6%, to a session high o ... Read More
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