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April NYMEX Natural Gas Futures Contracts Closed at $2.777 on Wednesday, March 7th

March 8, 2018
Wednesday, March 7th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.777, three cents above Tuesday’s closing price of $2.749.  Adding a penny as markets opened to reach the intraday high of $2.788, the contract retreated slightly in the following hour to mark ... Read More

The market traded lower as US oil production increased to a record high of 10.369 million bpd on the week

March 8, 2018
Recap: The oil market on Wednesday traded mostly sideways in overnight trading before it breached its previous losses and sold off to $61.65 ahead of the release of the EIA’s weekly inventory report.  The market quickly pared its earlier losses following the release of the invent ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.749 on Tuesday, March 6th

March 7, 2018
Tuesday, March 6th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.732, three cents above Monday’s closing price of $2.704.  Directed higher overnight by below-average forecasts, prices traded along the $2.74 mark for the majority of the morning.  Slipping to t ... Read More

The inventory report is expected to reflect an increase of 3 million barrels of oil

March 7, 2018
Recap: Oil prices were mixed on Tuesday, trading within a tight range ahead of the API inventory report. Brent was the stronger of the two blends, holding onto gains as Europe continues to cope with unseasonably cold weather. WTI traded on both sides of unchanged, ultimately hold ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.704 on Monday, March 5th

March 6, 2018
Monday, March 5th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.712, nearly two cents above Friday’s closing price of 2.695.  After recovering from overnight trading that saw prices dip below $2.680, short-term demand fueled by below-average temperatures was ... Read More

Monday was the largest one day gain in almost three weeks for oil prices

March 6, 2018
Recap: Oil prices began the session trading close to unchanged, but quickly reversed course, as the stock market headed higher, adding to the upside momentum were signs that OPEC and non-OPEC members are adhering to their agreed upon output cuts and  weak Venezuelan production. D ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.695 on Friday, March 2nd

March 5, 2018
Friday, March 2nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.713, nearly two cents above Thursday’s closing price of $2.698.  Rising to the intraday high of $2.720 within minutes of opening, unsettled trading through 9:30AM saw prices fall to the intraday ... Read More

Baker Hughes reported the number of active rigs in the US increased by one unit, to 800 on the week

March 5, 2018
Recap: Despite staging a session comeback, oil prices settled at their lowest level in three weeks. Prices were hammered on Thursday after President Trump announced the imposition of tariffs on steel and aluminum, which instilled concerns about a global trade war. Losses were par ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.698 on Thursday, March 1st

March 2, 2018
Thursday, March 1st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.670, nearly even to Wednesday’s closing price of $2.667.  Marking the intraday low of $2.669 as markets opened, the contract quickly added three cents and fluctuated along $2.695 through 10:30A ... Read More

Oil prices fell to their lowest level in two weeks

March 2, 2018
Recap: Oil prices took a hit for the third straight session after President Trump announced the imposition of tariffs on steel and aluminum imports to the U.S; which dragged down global equities. A rising U.S. dollar also added pressure. Prices fell to their lowest level in two w ... Read More
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