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Traders continue to weigh in on the December 6th OPEC Meeting between major oil producers

December 5, 2018
Recap: Oil prices opened the session trading above unchanged in what was another unstable session, as traders continued to weigh in on the December 6 OPEC meeting between major oil producers. Expectations that there will be mild production cuts pushed January WTI to a high of $54 ... Read More
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January NYMEX Natural Gas Futures Contracts Closed at $4.339 on Monday, December 3rd

December 4, 2018
Monday, December 3rd saw the front-month NYMEX Natural Gas Futures Contracts open at $4.297, nearly thirty-two cents below Friday’s closing price of $4.612.  Facing significantly diminished prices as pre-market trading began Monday morning, traders continued to gauge the possibil ... Read More

Oil prices climbed more than 3% on Monday

December 4, 2018
Recap: Oil prices climbed more than 3% on Monday after the U.S. and China settled a 3-month trade dispute, while OPEC appears ready to cut back on output and Canada’s Alberta province reduced its production. While crude oil was not part of the trade equation, the tempering trade ... Read More
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January NYMEX Natural Gas Futures Contracts Closed at $4.612 on Friday, November 30th

December 3, 2018
Friday, November 30th saw the front-month NYMEX Natural Gas Futures Contracts open at $4.567, eight cents below Thursday’s closing price of $4.646.  Starting the session on a downbeat, prices trailed gradually lower through the morning until marking the intraday low of $4.473 sho ... Read More

Oil prices were weighed down by overflowing inventories on Friday

December 3, 2018
Recap: Oil prices fell further on Friday, weighed down by overflowing inventories, ahead of the upcoming OPEC meeting. November was the weakest month in ten years for oil prices, falling more than 20%, as global supplies overshadowed demand. Oil prices traded lower on the initial ... Read More
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January NYMEX Natural Gas Futures Contracts Closed at $4.646 on Thursday, November 29th

November 30, 2018
On Thursday, November 29th – the January NYMEX Natural Gas Futures Contracts began trading as the prompt month.  Opening at $4.558, fourteen cents below Wednesday’s closing price of $4.699, prices fluctuated along either side of $4.545 as traders sought direction through 10:30AM. ... Read More

The market remained pressured by the larger than expected build in crude stocks

November 30, 2018
Recap: The oil market on Thursday continued to trade lower and breached the $50 level for the first time since October 2017.  The market posted a low of $49.41 as the market remained pressured by the larger than expected build in crude stocks and Saudi Arabia’s insistence that it ... Read More
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January NYMEX Natural Gas Futures Contracts Closed at $4.699 on Wednesday, November 28th

November 29, 2018
On Wednesday, November 28th – settlement day for the December contract – the front-month NYMEX Natural Gas Futures Contracts opened at $4.407, nearly fifteen cents above Tuesday’s closing price of $4.262.  Seeking direction throughout the morning, the contract seesawed within a s ... Read More

There was a 3.6 million barrel build in U.S. crude oil inventories

November 29, 2018
Recap: In its initial reaction to the larger than expected 3.6 million barrel build in U.S. crude oil inventories, January WTI slipped to a fresh session low of $50.61, only to sharply rebound as the dollar traded lower and equities rose. This spot futures contract rose 3% off th ... Read More
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December NYMEX Natural Gas Futures Contracts Closed at $4.262 on Tuesday, November 27th

November 28, 2018
Tuesday, November 27th saw the front-month NYMEX Natural Gas Futures Contracts open at $4.192, roughly five cents below Monday’s closing price of $4.248.  Slipping to the intraday low of $4.111 by 10:00AM, traders continue to gauge market fundamentals as inventory levels sit belo ... Read More
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