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Demand for energy has picked up as the global economy continues to recover from the pandemic

October 12, 2021
Recap: Oil prices extended gains to scale multi-year peaks on Monday, fueled by the rebound in global demand that has also contributed to power and gas shortages in key economies like China. Demand for energy has picked up as the global economy continues to recover from the pande ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $5.345 on Monday, October 11th

October 12, 2021
Monday, October 11th saw the front-month NYMEX Natural Gas Futures Contract open at $5.439 nearly thirteen cents below Friday’s closing price of $5.565.  Falling to an intraday low of $5.308 early on, prices rose to an intraday high of $5.488 nearly ninety minutes later. Continui ... Read More

Natural gas and electricity price fluctuations in New England are causing concerns as the winter season approaches

October 11, 2021
Natural gas and electricity price fluctuations in New England are causing concerns as the winter season quickly approaches.  The current natural gas storage levels combined with increased demand on New England’s natural gas supply feeding liquefied natural gas (LNG) exports to Eu ... Read More

November NYMEX Natural Gas Futures Contract Closed at $5.565 on Friday, October 8th

October 11, 2021
Friday, October 8th saw the front-month NYMEX Natural Gas Futures Contract open at $5.685, a penny above Thursday’s closing price of $5.677. Reaching an intraday high of $5.727 soon after the opening bell, the contract posted a steady descent throughout the day as fundamentals re ... Read More

The oil market reached the $80 level for the first time since November 2014

October 11, 2021
Recap: On Friday, the oil market continued to trend higher and reached the $80 level for the first time since November 2014, lifted by a global energy crunch that has helped gas prices reach record highs and prompted China to demand increased coal production.  Benchmark European ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $5.677 on Thursday, October 7th

October 8, 2021
Thursday, October 7th saw the front-month NYMEX Natural Gas Futures Contract open at $5.615, six cents below Wednesday’s closing price of $5.675. Tallying an intraday high of $5.741 soon after the opening bell, prices withdrew to trade near $5.565 heading into the 10:30AM storage ... Read More

Oil markets have been on a steady rise due to tight supplies worldwide

October 8, 2021
Recap:  After falling by 3% in early morning trading, oil futures resumed their move to the upside Thursday, on reports that the U.S. may not release crude oil reserves in an effort to stem rising gasoline prices, putting the focus back on tight global supplies. The United States ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $5.675 on Wednesday, October 6th

October 7, 2021
Wednesday, October 6th saw the front-month NYMEX Natural Gas Futures Contract open at $6.054, twenty-six cents below Tuesday’s closing price of $6.312. Marking an intraday of $6.057 soon after the opening, following a pre-market rally to the $6.400 level, prices maintained a stea ... Read More

The EIA reported U.S. crude oil inventories increased 2.3 million barrels

October 7, 2021
Recap: Crude oil futures shook off early gains on Wednesday, after Russia announced it would increase supplies of natural gas to Europe and after the EIA reported U.S. crude oil inventories increased 2.3 million barrels during the week ending October 1, 2021. Analysts were expect ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $6.312 on Tuesday, October 5th

October 6, 2021
Tuesday, October 5th saw the front-month NYMEX Natural Gas Futures Contract open at $6.046, twenty-eight cents above Monday’s closing price of $5.766. Marking the intraday low of $6.000 minutes after the opening bell, prices moved confidently higher throughout the day. Despite mi ... Read More
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