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Oil prices rose by as much as 3 percent on Tuesday

January 16, 2019
Recap: Oil prices rose by as much as 3 percent on Tuesday after falling more than 2 percent on Monday. The rise in prices came as China presented measures to stabilize its slowing economy. Since the beginning of the New Year, oil prices have been rising as economic woes begin to ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.591 on Monday, January 14th

January 15, 2019
Monday, January 14th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.410, thirty-one cents above Friday’s closing price of $3.099.  Following a brief drop to the intraday low of $3.338 at 9:10AM, prices surged higher to surpass $3.500 an hour later.  Supported ... Read More

OPEC reassured that global demand is strong and its production cuts were beginning to balance oil markets

January 15, 2019
Recap: Oil prices fell on Monday as China reported declines in both imports and exports during the month of December, fueling concern about slowing demand. Prices fell despite OPEC reassuring that global demand is strong and its production cuts were beginning to balance oil marke ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.099 on Friday, January 11th

January 14, 2019
Friday, January 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.023, roughly five cents above Thursday’s closing price of $2.969.  Recording an intraday low of $3.014 soon after markets opened, the contract floated along the $3.035 level through midday.  P ... Read More

The price of oil is being affected by the OPEC lead output cuts, trade wars between the U.S. and China and the health of China’s economy

January 14, 2019
Recap: Oil prices finished lower on Friday, ending the longest streak of gains for WTI in 9 years and the longest streak of gains in 10 years for Brent. Global economic woes weighed on the market amidst non-committal trade talks between the U.S. and China. Prices climbed out of a ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $2.969 on Thursday, January 10th

January 11, 2019
Thursday, January 10th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.080, nearly ten cents above Wednesday’s closing price of $2.984.  Marking the intraday high of $3.082 as markets opened, prices soon moved lower, finding support near $3.030 by 9:30AM.  Trad ... Read More

Traders grew less confident that the U.S. and China would strike a compromise during trade talks

January 11, 2019
Recap: Oil prices traded on both sides of unchanged Thursday, as traders grew less confident that the U.S. and China would strike a compromise during trade talks and as weak Chinese economic data left investors leery. Prices drifted lower in overnight trading, but by daybreak, th ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $2.984 on Wednesday, January 9th

January 10, 2019
Wednesday, January 9th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.963, nearly even to Tuesday’s closing price of $2.967.  Seesawing within a tight band near $2.960 through 11:00AM, prices then stepped cautiously upwards to tally the intraday high of $3.016 ... Read More

Oil prices increased for the 8th straight session

January 10, 2019
Recap: Continued optimism over trade talks between the U.S. and China, combined with a larger than expected fall in U.S. crude oil inventories and a drop of 630,000 in OPEC production for the month of December pushed oil prices higher for the 8th straight session. In its initial ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $2.967 on Tuesday, January 8th

January 9, 2019
Tuesday, January 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.999, nearly six cents above Monday’s closing price of $2.944.  The contract seesawed along either side of the $3.00 level throughout the day, while ultimately ending on the lower end of this r ... Read More
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