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The Oil Market Rallied Sharply Higher in the Afternoon Amid the Intensifying Geopolitical Tensions in the Middle East

April 5, 2024
Recap:  The oil market posted an outside trading day on Thursday after the market retraced some of its previous gains early in the session and later rallied sharply higher in afternoon trading amid the intensifying geopolitical tensions in the Middle East. The market traded mostl ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.841 on Wednesday, April 3rd

April 4, 2024
Wednesday, March 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.896, three cents above Tuesday’s closing price of $1.862. Ascending to the intraday high of $1.906 ahead of 9:30AM, prices soon withdrew as declines in production could no longer buoy a market ... Read More

OPEC+ Ministers Made No Changes to Their Current Output Policy at Their Last Meeting

April 4, 2024
Recap:  Oil prices continued on its upward trend on Wednesday, settling higher for the fourth consecutive session, amid the geopolitical concerns due to Ukraine’s attacks on Russian refineries and potential widening of the conflict in the Middle East, while OPEC+ ministers made n ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.862 on Tuesday, April 2nd

April 3, 2024
Tuesday, April 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.783, five cents below Monday’s closing price of $1.837. Knocked down overnight by weakening LNG exports and weak heating demand, prices fell to an intraday low of $1.778 within minutes of the ope ... Read More

The Oil Market Continued on its Upward Trend on Tuesday Amid a New Wave of Attacks

April 3, 2024
Recap:  The oil market continued on its upward trend on Tuesday amid a new wave of attacks on Russian and Ukrainian energy facilities and escalating tensions in the Middle East. Ukraine struck Tatneft’s Taneco refinery, causing a fire that was soon extinguished. The drone attack ... Read More
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Expectations of Increased Oil Demand Following the Release of Some Supportive Economic News from the U.S. and China

April 2, 2024
Recap:  On Monday, the oil market continued on its upward trend following the long Easter weekend on expectations of increased oil demand following the release of some supportive economic news from the U.S. and China. On Friday, the Commerce Department reported that Personal Cons ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.837 on Monday, April 1st

April 2, 2024
Monday, April 1st saw the front-month NYMEX Natural Gas Futures Contract open at $1.818, nearly six cents above Thursday’s closing price of $1.763. Markets were closed on Friday in observance of Good Friday. Losing ground to tally a low of $1.801 at 10:25AM, prices then rose thro ... Read More

The Crude Market Rallied Higher Following Two Consecutive Days of Losses as the Market Positioned Itself Ahead of the Long Easter Holiday Weekend

April 1, 2024
Recap:  On Thursday, the crude market rallied higher following two consecutive days of losses as the market positioned itself ahead of the long Easter holiday weekend. It remained supported by supply concerns amid the geopolitical issues. The market was also pushed higher by the ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.763 on Thursday, March 28th

March 29, 2024
Thursday, March 28th saw the front-month NYMEX Natural Gas Futures Contract open at $1.738, two cents above Wednesday’s closing price of $1.718. Trading within a tight band near $1.745 leading up to the weekly storage report, the contract briefly jumped to $1.764 before slipping ... Read More

May NYMEX Natural Gas Futures Contract Closed at $1.718 on Wednesday, March 27th

March 28, 2024
Wednesday, March 27th saw the front-month NYMEX Natural Gas Futures Contract open at $1.747, four cents below Tuesday’s closing price of $1.788. Recording the intraday high as markets opened, prices retreated to trade along $1.720 for most of the day. Tallying the intraday low of ... Read More
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