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October NYMEX Natural Gas Futures Contract Closed at $2.743 on Tuesday, September 12th

September 13, 2023
Tuesday, September 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.670, seven cents above Monday’s closing price of $2.608. Trending lower to tally the intraday low of $2.621 at 10:00AM, the contract then mounted a steady ascent due to various disruptions t ... Read More

The Oil Market Reversed Monday's Small Declines and Continued on its Recent Uptrend

September 13, 2023
Recap:   The oil market reversed Monday’s small declines and continued on its recent uptrend. The market was supported by a tighter supply outlook and as OPEC maintained its demand growth forecast for this year and next year, citing resilient economic growth despite increasing in ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.608 on Monday, September 11th

September 12, 2023
Monday, September 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.595, a penny below Friday’s closing price of $2.605. Seeking direction in the session’s opening hour, prices recorded the intraday low of $2.577 at 9:25AM and the intraday high of $2.639 at 9 ... Read More

The Market Awaited Monthly U.S. Economic Data on Inflation and Retail Sales Later This Week

September 12, 2023
Recap:  The oil market traded mostly sideways on Monday as the market awaited monthly U.S. economic data on inflation and retail sales later this week. The market traded sideways in overnight trading before it breached its previous resistance level at $88.08 and posted a high of ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.605 on Friday, September 8th

September 11, 2023
Friday, September 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.632, five cents above Thursday’s closing price of $2.579. Traders sustained the previous day’s storage-induced rally throughout the morning as prices traded within a two-cent range of $2.620, ... Read More

The Market Remained Well Supported by Saudi Arabia and Russia's Voluntary Extension of Their Combined Output Cuts

September 11, 2023
Recap:  The oil market on Friday posted an outside trading day but continued to trade within Wednesday’s trading range. The market, which continued to take further profits in overnight trading, breached its previous low of $86.39 and sold off to a low of $86.15. However, the mark ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.579 on Thursday, September 7th

September 8, 2023
Thursday, September 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.509, nearly even to Wednesday’s closing price of $2.510. Marking the intraday low of $2.500 within minutes of the opening bell, the contract soon found bullish pressure as prices rose to $2. ... Read More

The Oil Market Posted an Inside Trading Day and Ended the Session in Negative Territory, Ending a Nine-Day Streak of Gains

September 8, 2023
Recap:  The oil market posted an inside trading day and ended the session in negative territory, ending a nine-day streak of gains. The market traded lower on profit-taking. The crude market posted a high of $87.74 in overnight trading before it traded lower, as it retraced some ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.510 on Wednesday, September 6th

September 7, 2023
Wednesday, September 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.542, four cents below Monday’s closing price of $2.582. Achieving the intraday high and low of the day within the opening half hour, $2.546 and $2.503 respectively, the contract traded with ... Read More

The Crude Market Traded Higher in Follow Through Strength Seen on Tuesday

September 7, 2023
Recap:   On Wednesday, the crude market traded higher in follow through strength seen on Tuesday in light of the Saudi and Russian decision to extend their output cuts until the end of the year. The market posted a low of $85.93 in overnight trading. However, the market bounced o ... Read More
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