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Recap: May WTI rebounded on Tuesday, its expiration day, from an unprecedented negative settlement a day earlier as prices for the new front-month June contract lost 43%. Expectations the U.S. and global oil […]
Monday, April 20th saw the front-month NYMEX Natural Gas Futures Contract open at $1.726, three cents below Friday’s closing price of $1.753. Recording the intraday low of $1.724 just minutes […]
Recap: The expiring May WTI contract reached historical levels on Monday, plunging deep into negative territory, as the economic crisis, sparked by the coronavirus pandemic, continued to eat away at demand. […]
Friday, April 17th saw the front-month NYMEX Natural Gas Futures Contract open at $1.749, six cents above Thursday’s closing price of $1.686. Continuing the previous session’s momentum, prices surged to […]
Recap: Oil futures were mixed on Friday, with Brent holding onto modest gains and WTI falling to its lowest level in 18 years, in part due to the expiration of the […]
Thursday, April 16th saw the front-month NYMEX Natural Gas Futures Contract open at $1.594, just below Wednesday’s closing price of $1.598. Shedding a few cents out of the gate, prices […]
Recap: After trading higher early in the session, oil futures turned lower after OPEC cut its 2020 demand forecast by 6.9 million barrels per day. That reflects a contraction in demand […]
Wednesday, April 15th saw the front-month NYMEX Natural Gas Futures Contract open at $1.648, just below Tuesday’s closing price of $1.650. Ascending to an intraday high of $1.666 within minutes […]
Recap: Trading in the oil markets was erratic on Wednesday after the EIA reported a 19 million barrel increase in U.S. crude oil inventories, the largest weekly build ever, while demand […]
Tuesday, April 14th saw the front-month NYMEX Natural Gas Futures Contract open at $1.694, three cents below Monday’s closing price of $1.724. Following news of mild temperatures returning for much […]