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February NYMEX Natural Gas Futures Contract Closed at $2.870 on Wednesday, January 17th

January 18, 2024
Wednesday, January 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.778, thirty-five cents below Tuesday’s closing price of $2.900. Falling to an intraday low of $2.763 as end-of-month bearish forecasts continued to deflate the contract, prices then began a ... Read More

The oil market continued to trend lower on Wednesday on concerns over demand following weak economic data from China.

January 18, 2024
Recap: The oil market continued to trend lower on Wednesday on concerns over demand following weak economic data from China. China’s economy in the fourth quarter expanded by 5.2% on the year, missing analysts expectations and calling into question forecasts that see Chinese dema ... Read More
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Oil Prices on Tuesday Reversed Some of the Losses Seen During Monday's Shortened Trading Session in Observance of the Martin Luther King, Jr. Holiday

January 17, 2024
Recap: Oil prices on Tuesday reversed some of the losses seen during Monday’s shortened trading session in observance of the Martin Luther King, Jr. holiday, as the market weighed concerns over attacks on tanker ships in the Red Sea against concerns that energy demand will weaken ... Read More
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The Market Was Well Supported as Some Oil Tankers Were Diverting From the Red Sea

January 16, 2024
Recap:  The oil market on Friday breached its recent trading range as it rallied sharply higher. The market was well supported as some oil tankers were diverting from the Red Sea following overnight air and sea strikes by the U.S. and Britain on Houthi targets in Yemen. The escal ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $3.313 on Friday, January 12th

January 15, 2024
Friday, January 12th saw the front-month NYMEX Natural Gas Futures Contract open at $3.229, thirteen cents above Thursday’s closing price of $3.097. Supported early on by the impending storm bringing arctic temperatures and heavy snow to the Midwest, prices rose steadily to the i ... Read More

February NYMEX Natural Gas Futures Contract Closed at $3.097 on Thursday, January 11th

January 12, 2024
Thursday, January 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.988, five cents below Wednesday’s closing price of $3.039. Fluctuating along $3.010 through the session’s opening hour, prices fell to an intraday low of $2.976 by 9:55AM. Trading at $3.050 a ... Read More

The Market Was Well Supported By News That Iran Seized a Tanker Off the Coast of Oman

January 12, 2024
Recap:  The oil market on Thursday continued to trade within Monday’s trading range for the third consecutive session as it retraced Wednesday’s losses on escalating tensions in the Middle East. The market was well supported by news that Iran seized a tanker off the coast of Oman ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $3.039 on Wednesday, January 10th

January 11, 2024
Wednesday, January 10th saw the front-month NYMEX Natural Gas Futures Contract open at $3.006, eighteen cents below Tuesday’s closing price of $3.190. A bearish shift overnight in the impending arctic conditions directed prices lower early Wednesday morning, though prices found s ... Read More

Yemen's Houthis Launched Their Largest Missile and Drone Attack to Date on Ships in the Red Sea

January 11, 2024
Recap:  The oil market on Wednesday continued to trade within Monday’s trading range as it erased its earlier gains and sold off following an unexpected build in crude stocks. The crude market erased some of Tuesday’s gains in overnight trading before it bounced higher ahead of t ... Read More
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Concerns Over Tensions in the Middle East and the Reduced Libyan Output

January 10, 2024
Recap:  The oil market posted an inside trading day on Tuesday following Monday’s sharp selloff that was prompted by Saudi Arabia’s signal that it aimed to remain competitive in the market with its cut to its official crude selling prices. The market continued to weigh softer mar ... Read More
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