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The Oil Market Continued to Trend Lower on Wednesday, Extending the Losses Seen During Tuesday's Session

April 27, 2023
Recap:  The oil market continued to trend lower on Wednesday, extending the losses seen during Tuesday’s session as weak economic data raised concerns over a recession. The market retraced some of its previous losses in overnight trading as it traded to a high of $77.93. However, ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.307 on Tuesday, April 25th

April 26, 2023
Tuesday, April 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.214, five cents below Monday’s closing price of $2.273. Posting a steady rise throughout the day, marking an intraday high of $2.312 ahead of 2:30PM, May closed higher on Tuesday at $2.307. T ... Read More

The Oil Market Traded Lower on Tuesday After Two Sessions of Gains

April 26, 2023
Recap:   The oil market traded lower on Tuesday after two sessions of gains as concerns over the global economic outlook and a firmer dollar countered optimism about demand in China. The oil market posted a high of $79.07 in overnight trading. However, as the market failed to tes ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.273 on Monday, April 24th

April 25, 2023
Monday, April 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.198, three cents below Friday’s closing price of $2.233. Tallying the intraday low of $2.193 by 9:30AM, prices mounted a staggered ascent that would bump up against the $2.280 level multiple time ... Read More

The Market Erased Some of Friday's Gains in Overnight Trading

April 25, 2023
Recap:  The oil market on Monday retraced some more of its previous losses after the market settled in positive territory on Friday, although it had posted a weekly decline of more than 5%. The market erased some of Friday’s gains in overnight trading and posted a double bottom a ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.233 on Friday, April 21st

April 24, 2023
Friday, April 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.243, nearly even to Thursday’s closing price of $2.249. Climbing to the intraday high of $2.256 ahead of 9:30AM, steady bullish weather forecasts have provided support as the contract has stabili ... Read More

The Oil Market Ended the Session Higher but Still Posted a Weekly Loss

April 24, 2023
Recap:  The oil market ended the session higher but still posted a weekly loss following its sharp losses earlier in the week as interest rate uncertainty weighed on the market. The market opened down 24 cents at $77.13 and continued to backfill its gap as it traded to a low of $ ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.249 on Thursday, April 20th

April 21, 2023
Thursday, April 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.244, two cents above Wednesday’s closing price of $2.222. Extending to the intraday high of $2.271 within minutes of the open, prices then stepped down to the $2.210 level as the weekly storage ... Read More

The Market Has Reversed Almost All of its Gains Following the Saudi Announcement of Further Output Cuts

April 21, 2023
Recap:  The oil market on Thursday remained on its downward trend ahead of the May contract’s expiration at the close, trading to the lowest level since the end of March as a stronger dollar and rate hike expectations continued to weigh on the market. The market has reversed almo ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.222 on Wednesday, April 19th

April 20, 2023
Wednesday, April 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.282, eight cents below Tuesday’s closing price of $2.366. Recording the intraday high as markets opened for the day, prices slid through the initial ninety minutes to mark the intraday low of ... Read More
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