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April NYMEX Natural Gas Futures Contracts Closed at $2.866 on Thursday, March 7th

March 8, 2019
Thursday, March 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.831, a penny below Wednesday’s closing price of $2.841.  Climbing to $2.855 by 9:15AM, prices traded sideways leading up to the 10:30AM storage report.  Dipping lower as the bearish report hit t ... Read More

OPEC output fell to its lowest level in nearly four years

March 8, 2019
Recap: Oil prices recovered on Thursday after falling 2 percent on Wednesday, bolstered by a falling OPEC output, which fell to its lowest level in nearly four years. WTI for April delivery briefly shot up to a high of $56.99 before settling into trading range between $56.35 and ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $2.841 on Wednesday, March 6th

March 7, 2019
Wednesday, March 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.873, a penny below Tuesday’s closing price of $2.884.  Recording the intraday high of $2.874 within minutes opening, prices stabilized near $2.865 until 11:00AM when selling continued.  Bottomi ... Read More

The EIA reported a larger than expected build in U.S. crude oil stockpiles

March 7, 2019
Recap: WTI fell as much as 2 percent on Monday after the EIA reported a larger than expected build in U.S. crude oil stockpiles. WTI for April delivery slipped to a low of $55.42 a barrel after the numbers were released. The move to the downside was short lived, with this spot co ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.884 on Tuesday, March 5th

March 6, 2019
Tuesday, March 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.869, roughly a penny above Monday’s closing price of $2.857.  Trending lower initially, prices fell to the intraday low of $2.841 by 10:30AM.  Finding support from the current below-average forec ... Read More

The trade deal between the U.S. and China has been the driving force behind the market

March 6, 2019
Recap: With traders having already factored in OPEC lead production cuts and the effects from the restart of Libya’s El Sharara oilfield amidst weak demand keeping a lid on prices, oil futures traded in a narrow range on Tuesday, in what was a lackluster session. The prospects of ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.857 on Monday, March 4th

March 5, 2019
Monday, March 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.862, nearly even to Friday’s closing price of $2.859.  Recording the intraday high of $2.876 and intraday low of $2.832 all before 9:30AM, prices then found support near the $2.85 level as markets ... Read More

Oil prices were supported by hopes that the U.S. and China could reach an agreement on a trade deal

March 5, 2019
Recap: Oil prices rose as much as 2 percent on Monday, supported by hopes that the U.S. and China could reach an agreement on what has been a tenacious stand-off between the two countries regarding a trade deal. April WTI opened the session trading above unchanged, and quickly sh ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.859 on Friday, March 1st

March 4, 2019
Friday, March 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.811, nearly even to Thursday’s closing price of $2.812.  Climbing to the intraday high of $2.872 by 9:20AM, prices fell to $2.845 in the following half hour as the market found support.  Seesawing ... Read More

Both Brent and WTI futures fell on Friday after a mixed session on Thursday

March 4, 2019
Recap: Both Brent and WTI futures fell on Friday after a mixed session on Thursday. Prices peeled away from fresh highs for the year, as the ISM manufacturing index for February sank to the lowest level since November 2016. This helped to end two weeks of gains for oil prices. It ... Read More
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