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November NYMEX Natural Gas Futures Contract Closed at $2.971 on Tuesday, October 24th

October 25, 2023
Tuesday, October 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.964, four cents above Monday’s closing price of $2.926. Seeking direction through midday as the contract fluctuated along the $2.935 level, prices slipped to an intraday low of $2.907 at 12:15 ... Read More

The market traded sideways in overnight trading, posting a high of $86.30 before it continued to erase its previous gains

October 25, 2023
Recap: The oil market on Tuesday continued to trend lower as diplomatic efforts in the Middle East continued to contain the conflict between Israel and Hamas. On Monday, Hamas freed two Israeli women, while the U.S. advised Israel to hold off on a ground assault in the Gaza Strip ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.926 on Monday, October 23rd

October 24, 2023
Monday, October 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.904, slightly above Friday’s closing price of $2.899. Falling to an intraday low of $2.893 at 9:30AM, prices rose modestly heading into midday to record the intraday high of $2.951 near 11:30AM ... Read More

The Oil Market Traded Lower on Monday as it Continued to Erase Previous Gains in Light of the Diplomatic Efforts Over the Weekend to Prevent the Gaza Conflict From Spreading

October 24, 2023
Recap:  The oil market traded lower on Monday as it continued to erase its previous gains in light of the diplomatic efforts over the weekend to prevent the Gaza conflict from spreading. The recent diplomatic developments helped ease tensions, bringing some hope of a de-escalatio ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.899 on Friday, October 20th

October 23, 2023
Friday, October 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.902, five cents below Thursday’s closing price of $2.957. In a relatively uneventful day of trading, prices dropped once again overnight with production healthy and weather forecasts unsupporti ... Read More

The Crude Market on Friday Settled in Negative Territory But Was Higher for the Week as Traders Weighed the Potential For the Spread of Conflict in the Middle East

October 23, 2023
Recap:  The crude market on Friday settled in negative territory but was higher for the week as traders weighed the potential for the spread of conflict in the Middle East.  Earlier in the session, the market had been well supported by heightened concerns that the Israeli-Palesti ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.957 on Thursday, October 19th

October 20, 2023
Thursday, October 19th saw the front-month NYMEX Natural Gas Futures Contract open at $3.028, three cents below Wednesday’s closing price of $3.056. Rising confidently to attain the $3.070 level leading up to the weekly storage publication, the contract tallied an intraday high o ... Read More

Traders Remained Concerned that Israel's Military Campaign in Gaza May Escalate into a Regional Conflict

October 20, 2023
Recap:  The oil market on Thursday posted an outside trading day as it traded lower during the overnight hours and later retraced all of its losses as traders remained concerned that Israel’s military campaign in Gaza may escalate into a regional conflict. The market traded sidew ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $3.056 on Wednesday, October 18th

October 19, 2023
Wednesday, October 18th saw the front-month NYMEX Natural Gas Futures Contract open at $3.128, five cents above Tuesday’s closing price of $3.079. Recording the intraday high within minutes of the open again, $3.158, prices got a nice boost overnight from weather patterns posting ... Read More

The Crude Market on Wednesday Retraced its Previous Losses Amid Concerns Over the Escalating Tensions in the Middle East

October 19, 2023
Recap:  The crude market on Wednesday retraced its previous losses amid concerns over the escalating tensions in the Middle East and a larger than expected draw in crude stocks. The market was well supported as tension in the Middle East increased following a deadly blast at a Ga ... Read More
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