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February NYMEX Natural Gas Futures Contracts Closed at $3.444 on Tuesday, January 23rd

January 24, 2018
Tuesday, January 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $3.348, twelve cents above Monday’s closing price of $3.224.  Expectations for an above average storage withdrawal for the week ended January 19th saw overnight gains continue into the morning a ... Read More

February NYMEX Natural Gas Futures Contracts Closed at $3.224 on Monday, January 22nd

January 23, 2018
Monday, January 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $3.219, three cents above Friday’s closing price of $3.185.  After posting gains overnight as traders focused on what’s likely to be a healthy storage withdrawal for the week ending January 19th, ... Read More

Philadelphia Energy Solutions LLC is filing for bankruptcy on its South Philadelphia oil refinery complex

January 23, 2018
Recap: A lack of new fundamentals pushed oil prices lower in overnight and early morning trading, but the market fell short of taking out the lows from last week. A sharp rebound occurred after Philadelphia Energy Solutions LLC announced it was filing for bankruptcy on its South ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.185 on Friday, January 19th

January 22, 2018
Friday, January 19th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.167, two cents below Thursday’s closing price of $3.189.  Stumbling to the intraday low of $3.157 out of the gate, the contract proceeded to trace a staggered ascent past the $3.20 mark at 11: ... Read More

February NYMEX Natural Gas Futures Contracts Closed at $3.205 on Thursday, January 18th

January 19, 2018
Thursday, January 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.176, five cents below Wednesday’s closing price of $3.232.  Fluctuating within a three-cent range before stabilizing near $3.195 ahead of 10:30AM, prices then plummeted as the bearish storag ... Read More

U.S. crude oil inventories showed a decrease of 6.9 million barrels

January 19, 2018
Recap: Near record U.S. crude oil production offset the ninth straight week of declines in U.S. crude oil stocks, leaving oil prices close to unchanged. February WTI was trading at $63.47 a barrel prior to the release of the report, but jumped upon its release, which showed a dec ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.232 on Wednesday, January 17th

January 18, 2018
Wednesday, January 17th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.196, nearly seven cents above Tuesday’s closing price of $3.129.  Slipping to the intraday low of $3.156 in the first hour of trading, prices then soared higher, supported by technical trad ... Read More

Oil prices finished higher on Wednesday

January 18, 2018
Recap: Oil prices finished higher on Wednesday, as traders await the release of the EIA report, which was delayed a day due to the U.S. Martin Luther King Jr. Day Holiday. Expectations are calling for the ninth straight week. Despite trading below its 10-day moving average, March ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.129 on Tuesday, January 16th

January 17, 2018
Tuesday, January 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.054, nearly fifteen cents below Friday’s closing price of $3.200.  Diminished from Friday’s gains due to profit taking and expectations for a return to average temperatures to close out the m ... Read More

Oil prices remain caught between healthy demand, OPEC supply cuts and hefty U.S. production

January 17, 2018
Recap: Oil prices fell for the first time in 7 days, as traders took profits from the recent upswing. Prices remain caught between healthy demand, OPEC led supply cuts and hefty U.S. production. After reaching fresh highs on Monday, both WTI and Brent worked lower on Tuesday, clo ... Read More
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