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May NYMEX Natural Gas Futures Contract Closed at $2.366 on Tuesday, April 18th

April 19, 2023
Tuesday, April 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.279, nearly even to Monday’s closing price of $2.275. Slipping to the intraday low of $2.267 shortly after 10:00AM, the contract then continued the previous session’s rally as the bullish foreca ... Read More

The Market on Tuesday Continued on its Downward Trend Early in the Session Before it Bounced Higher and Settled in Positive Territory

April 19, 2023
Recap:  The oil market on Tuesday continued on its downward trend early in the session before it bounced higher and settled in positive territory. The market traded mostly sideways in overnight trading in light of some data showing that China’s economy grew by a faster than expec ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.275 on Monday, April 17th

April 18, 2023
Monday, April 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.263, fifteen cents above Friday’s closing price of $2.114. Recording the intraday high of $2.314 by 9:30AM, prices traded along the $2.280 mark for the majority of the session as short-term forec ... Read More

The Oil Market on Monday Breached the Trading Range Seen in the Last Few Days

April 18, 2023
Recap:  The oil market on Monday breached the trading range seen in the last few days and ended the session lower after its stochastics crossed to the downside on Friday. The market traded mostly sideways in overnight trading, holding its support. However, the market breached Wed ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.114 on Friday, April 14th

April 17, 2023
Friday, April 14th saw the front-month NYMEX Natural Gas Futures Contract open at $1.986, two cents below Thursday’s closing price of $2.007. Falling to a seven-month intraday low of $1.968 at 9:30AM as forecasts trended warmer overnight, prices then rose to cross midday at $2.07 ... Read More

The Oil Market Continued to Trade Within Wednesday's Trading Range and Ended in Positive Territory for the Fourth Consecutive Week

April 17, 2023
Recap:  On Friday, the oil market continued to trade within Wednesday’s trading range and ended in positive territory for the fourth consecutive week. The market opened relatively unchanged and traded to a low of $81.76 in overnight trading in follow through from Thursday’s losse ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.007 on Thursday, April 13th

April 14, 2023
Thursday, April 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.081, a penny below Wednesday’s closing price of $2.093. Recording the intraday high of $2.093 as echoes of the opening bell could still be heard, the contract lost ground through the opening ho ... Read More

The Producer Price Index Report Released on Thursday Morning and Wednesday’s Consumer Price Index Report Both Showed that Inflation Was Easing

April 14, 2023
Recap:  The oil market on Thursday posted an inside trading day after failing to breach its previous trading range. The market traded sideways and posted a high of $83.44 in overnight trading as it attempted to test its previous high of $83.53. However, the market erased some of ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.093 on Wednesday, April 12th

April 13, 2023
Wednesday, April 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.181, just below Tuesday’s closing price of $2.186. Recording the intraday high of $2.193 by 9:15AM, prices trended lower through the morning as comfortable temperatures covered key demand area ... Read More

The Oil Market Broke Out of its Recent Trading Range on Wednesday

April 13, 2023
Recap:  The oil market broke out of its recent trading range on Wednesday as it breached its previous highs. Overnight, the market breached its resistance at $81.81 as it traded to $81.85 and settled in a sideways trading pattern ahead of the release of the latest U.S. consumer i ... Read More
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