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Recap: Citing ever mounting U.S. shale production, the IEA raised its forecast for non-OPEC production, which in turn put pressure on oil prices early in the session. March WTI fell […]
Monday, February 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.550, three cents below Friday’s closing price of $2.584. Continuing last week’s downward trend in pre-market trading, […]
Recap: Oil prices rebounded along with global equities, which, last week, experienced their largest decline in two years. The rebound came as the dollar weakened and after OPEC raised its oil […]
Friday, February 9th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.645, five cents below Thursday’s closing price of $2.697. With forecasts calling for above-average temperatures to settle […]
Recap: Oil prices fell to their lowest level since December, with March WTI falling as much as 5% on the day, reaching a low of $58.07, and April Brent slipping […]
Thursday, February 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.726, two cents above Wednesday’s closing price of $2.702. Managing a modest ascent to the $2.74 mark […]
Recap: Rising U.S. production continued to pressure oil prices, pushing both blends to their lowest level in six weeks and their fifth straight session of losses. After a brief stint above […]
Wednesday, February 7th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.752, slightly below Tuesday’s closing price of $2.759. Recording the intraday high as markets opened, bearish sentiment […]
Recap: Oil prices rescinded early gains after the EIA report indicated U.S. crude oil stockpiles increased by 1.9 million barrels, as opposed to the 1.1 million barrel decline reported by the […]
Tuesday, February 6th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.712, three cents below Monday’s closing price of $2.747. Falling to the intraday low of $2.695 ahead […]