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Recap: Oil prices rose above unchanged early in the session, supported by geopolitical strife, OPEC lead production cuts and robust demand. June WTI rose to a high of $69.83 a […]
Recap: The oil market posted an outside trading day as the market was pressured after Iran said there would be no need to extend its production cut agreement and supported […]
Monday, April 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.719, two cents below Friday’s closing price of $2.739. Dipping to the intraday low of $2.715 within […]
Recap: Oil prices slipped from 3-year highs after U.S. President Donald Trump expressed his concern over what he termed “artificially” high oil prices. In a quick response, OPEC members said that […]
Friday, April 20th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.676, nearly two cents above Thursday’s closing price of $2.661. Rising confidently as trading opened, prices rose […]
Recap: After posting fresh 3 and half year highs, oil prices relinquished gains despite the bullish sentiment. May WTI climbed to a high of $69.55 a barrel, its highest level […]
Thursday, April 19th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.716, two cents below Wednesday’s closing price of $2.739. Plunging below $2.690 soon after markets opened, prices […]
Wednesday, April 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.750, a penny above Tuesday’s closing price of $2.738. Climbing confidently through the day’s opening hour to […]
Recap: Oil prices began the session trading slightly above unchanged, gradually moving higher in overnight trading. Across the board declines in U.S. petroleum stocks halted an early morning retreat, propelling […]
This weeks inventory report is expected to show a draw of 1.4 million barrels in US crude oil stocks
Recap: The absence of new fundamentals in the world of oil fostered additional retreats from last week’s move to a three year high. After opening slightly above unchanged, May WTI […]