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Oil prices rose to their highest level in seven weeks but began to slip on Thursday

March 23, 2018
Recap: After rising to their highest level in seven weeks, oil prices, which had posted two straight days of gains, slipped on Thursday as traders took profits after attempts to breach technical resistance numbers failed. May WTI rose as much as 0.9%, to a high of $65.74 a barrel ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.638 on Wednesday, March 21st

March 22, 2018
Wednesday, March 21st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.694, nearly two cents above Tuesday’s closing price of $2.675.  Rising to the intraday high of $2.697 ahead of 10:00AM, the contract soon exhausted its resources, as short-term demand wasn’t ... Read More

EIA reported a draw of 2.6 million barrels in U.S. crude oil inventories

March 22, 2018
Recap: After opening the session just above unchanged, May WTI retreated, testing support provided by yesterday’s break above $63.55. A lack of failure to trade below this level validated its position as support, sparking a fresh round of buying. Oil prices jumped further, reachi ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.675 on Tuesday, March 20th

March 21, 2018
Tuesday, March 20th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.668, nearly two cents above Monday’s closing price of $2.651.  Finding value in short-term below average temperatures, and perhaps aided by the upcoming nor’easter, prices rose steadily through ... Read More

Oil prices rose to their highest level in three weeks

March 21, 2018
Recap:  After opening close to the unchanged level, oil prices climbed steadily throughout the session, rising to their highest level in 3 weeks. The impetuses behind the move were tensions in the Middle East and falling Venezuelan output. Not even a rising dollar could keep pric ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.651 on Monday, March 19th

March 20, 2018
Monday, March 19th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.689, even to Friday’s closing price of $2.688.  Quick to shed pre-market gains, prices rose to the intraday high of $2.693 before plunging to the intraday low of $2.640 by 9:20AM.  Despite below ... Read More

Tensions between Saudi Arabia and Iran aided in lifting prices off of the lows of the day

March 20, 2018
Recap: Trading in crude oil was choppy on Monday, with prices trading mostly to the downside. A significant sell-off came as the equity markets fell, putting traders into panic mode, which in turn pushed May WTI down 1.6% to a low of $61.36 a barrel, while May Brent slipped 1.2%, ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.688 on Friday, March 16th

March 19, 2018
Friday, March 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.680, even with Thursday’s closing price of $2.681.  Trading within a tight band along the $2.68 mark for the majority of the day, growth supported by forecasts for below-average temperatures ove ... Read More

The crude market wavered between gains and losses early in the session

March 19, 2018
Recap: The crude market traded mostly sideways for most of Friday’s session as it wavered between gains and losses early in the session.  However, the market posted a low of $61.08 and quickly bounced off that level, extending its gains to $1.24 as it rallied to $62.43 by mid-day ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.681 on Thursday, March 15th

March 16, 2018
Thursday, March 15th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.740, a penny above Wednesday’s closing price of $2.731.  Climbing to the intraday high of $2.745 by 9:20AM, prices then retreated to the $2.73 mark as traders awaited the weekly storage public ... Read More
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