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Oil prices climbed for the third straight session on Thursday

May 17, 2019
Recap: Oil prices climbed for the third straight session on Thursday, as tensions in the Mid-East heated after a Saudi-led coalition launched air strikes on Iranian aligned Houthi forces in Yemen. June WTI was up $1.46, or 2.3 percent, at $73.36 a barrel by 11:26 EDT, its highest ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.601 on Wednesday, May 15th

May 16, 2019
Wednesday, May 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.654, slightly below Tuesday’s closing price of $2.659.  Tallying an intraday high of $2.655 out of the gate, the contract then plummeted below $2.620 within minutes of the session’s opening bell ... Read More

The EIA reported a 5.4 million barrel decrease in U.S. crude oil inventories

May 16, 2019
Recap: Oil prices rose on Wednesday, erasing early losses, as traders focused on rising tensions in the Middle East, despite the EIA reporting a 5.4 million barrel decrease in U.S. crude oil inventories. June WTI, which had fallen 1.5 percent to a session low of $60.85 prior to t ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.659 on Tuesday, May 14th

May 15, 2019
Tuesday, May 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.657, nearly four cents above Monday’s closing price of $2.621.  Fluctuating along $2.650 through the morning hours, prices reached an intraday high of $2.664 at 9:40AM and an intraday low of $2.63 ... Read More

Oil prices rose as much as 2 percent on Tuesday

May 15, 2019
Recap: Oil prices rose as much as 2 percent on Tuesday after Saudi Arabia said some of its oil infrastructure was attacked by drones, just two days after Saudi oil tankers were damaged off the coast of the United Arab Emirates. July Brent continued to climb higher in late afterno ... Read More
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June NYMEX Natural Gas Futures Contract Closed at

May 14, 2019
Monday, May 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.611, slightly below Friday’s closing price of $2.619.  Ascending confidently out of the gate yesterday morning, prices rose to a one-month intraday high of $2.653 by 9:40AM as bullish traders took ... Read More

Oil prices were weighed down by macroeconomic pressures

May 14, 2019
Recap: After posting dramatic gains, oil prices sold off, weighed down by macroeconomic pressures. With equities down more than 2%, crude oil prices were unable to hold on to gains that followed an apparent attack on Saudi Arabian oil tankers near the Persian Gulf. June WTI gaine ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.619 on Friday, May 10th

May 13, 2019
Friday, May 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.598, slightly above Thursday’s closing price of $2.595.  Slipping to the intraday low of $2.579 by 9:20AM, buyers then entered the market as forecasts for below average temperatures in the short te ... Read More

Trade tensions between China and the U.S. appear to be heating up

May 13, 2019
Recap: Oil prices were mixed on Friday, with WTI edging lower as trade tensions between China and the U.S. appear to be heating up. After gaining as much as 1.2 percent in early trading, June WTI succumb to pressure, falling from $62.49, the session high, to a low of $61.42. A fa ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.596 on Thursday, May 9th

May 10, 2019
Thursday, May 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.589, two cents below Wednesday’s closing price of $2.610.  Trading sideways along $2.585 through 10:30AM, the contract seemed unfazed by the EIA’s storage report of an injection on the lower side ... Read More
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