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December NYMEX Natural Gas Futures Contract Closed at $5.670 on Wednesday, November 3rd

November 4, 2021
Wednesday, November 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $5.511, three cents above Monday’s closing price of $5.542. Slipping to an intraday low of $5.488 early on, prices continued the previous days’ rally to $5.690 ahead of 10:00AM as short-term fo ... Read More

Major crude consumers intensified pressure on OPEC and its allies to boost supplies

November 4, 2021
Recap: Oil futures fell by the most in nearly two months as major crude consumers intensified pressure on OPEC and its allies to boost supplies and after U.S. crude oil inventories reached their highest level since August. U.S. President, Joe Biden has taken a strong stance on re ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $5.542 on Tuesday, November 2nd

November 3, 2021
Tuesday, November 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $5.424, twenty-four cents above Monday’s closing price of $5.186. Recording the intraday low of $5.352 within minutes of the open, prices consistently moved upward throughout the session despite ... Read More

Traders weighed the potential outcome of a meeting between OPEC and its allies later this week

November 3, 2021
Recap: Oil futures settled lower on Tuesday as traders weighed the potential outcome of a meeting between OPEC and its allies later this week and on expectations that U.S. crude oil inventories increased by 1.5 million barrel for the week ended Oct. 29. Oil prices initially tried ... Read More
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Both WTI and Brent traded higher on Monday

November 2, 2021
Recap: Both WTI and Brent traded higher on Monday on expectations of strong demand and a belief that OPEC and its allies will not release more oil than the global economy can handle. Meanwhile, China announced it released fuel reserves; however bullish traders appear unmoved by t ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $5.186 on Monday, November 1st

November 2, 2021
Monday, November 1st saw the front-month NYMEX Natural Gas Futures Contract open at $5.331, nearly ten cents below Friday’s closing price of $5.426. Jumping to an intraday high of $5.441 soon after the opening bell, prices trended decidedly lower as the latest forecasts failed to ... Read More

December NYMEX Natural Gas Futures Contract Closed at $5.426 on Friday, October 29th

November 1, 2021
Friday, October 29th saw the front-month NYMEX Natural Gas Futures Contract open at $5.615, seventeen cents below Thursday’s closing price of $5.782. Attaining an intraday high of $5.626 by 9:20AM, the contract trended lower throughout the session due to a bearish update on the s ... Read More

U.S. oil prices ended a streak of nine consecutive gains

November 1, 2021
Recap: Oil futures reversed early losses on Friday, garnering support on expectations that the Organization of the Petroleum Exporting Countries, Russia and their allies, known as OPEC+, would maintain production cuts. Prices have been pressured since Wednesday by a report that U ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $5.782 on Thursday, October 28th

October 29, 2021
Thursday, October 28th  saw the front-month NYMEX Natural Gas Futures Contract open at $5.910, twenty-nine cents below Wednesday’s closing price of $6.198. Losing ground before the opening bell, demand concerns faded following President Putin’s instruction for Gazprom to provide ... Read More

Oil futures rebounded after selling off early in the session

October 29, 2021
Recap: Oil futures rebounded after selling off early in the session on Thursday, as it appears to be trying to recover and resume its upside move. In WTI, the $80 area once again proved itself as a key level of support. Trading was quite volatile with prices finishing mixed on th ... Read More
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