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Friday, November 19th – saw the front-month NYMEX Natural Gas Futures Contract open at $4.965, six cents above Thursday’s closing price of $4.902. Fluctuating along the $4.950 mark through 11:00AM, […]
Recap: The rising cases of COVID-19 in Europe and fresh lockdowns in Austria pushed oil prices to their lowest level in 7 weeks. Market sentiment has turned bearish as traders were […]
Thursday, November 18th saw the front-month NYMEX Natural Gas Futures Contract open at $4.971, sixteen cents above Wednesday’s closing price of $4.816. Climbing to an intraday high of $5.032 at […]
Recap: Oil futures settled higher on Thursday after falling to a six-week low in overnight trading following reports that China is releasing oil from its strategic reserves. December WTI added 65 […]
Wednesday, November 17th saw the front-month NYMEX Natural Gas Futures Contract open at $4.976, twenty cents below Tuesday’s closing price of $5.177. Following a bearish shift in short-term weather forecasts […]
Recap: On Wednesday, the oil market remained on the defensive after the IEA and OPEC on Tuesday warned of an impending oversupply in the market. The market traded to $80.69 in […]
Tuesday, November 16th saw the front-month NYMEX Natural Gas Futures Contract open at $5.196, eighteen cents above Monday’s closing price of $5.017. Following expectations for increased heating demand in the […]
Recap: Oil futures reversed early gains on Tuesday after the Federal Reserve Bank of St. Louis said the central bank should speed up its reduction of monetary stimulus in response […]
Monday, November 15th saw the front-month NYMEX Natural Gas Futures Contract open at $4.784, a penny below Friday’s closing price of $4.791. Tallying the intraday low of $4.781 within the […]
Recap: Oil futures fell during most of Monday’s session as pressure continues to mount on the Biden administration to release oil from the Strategic Petroleum Reserves and as Saudi Arabia and […]