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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Recap: Oil prices rescinded early gains after the EIA report indicated U.S. crude oil stockpiles increased by 1.9 million barrels, as opposed to the 1.1 million barrel decline reported by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 […]
Recap: Oil prices fell as much as 1.6% on Tuesday, dragged lower by weakness in global stocks. Brent fell to a five week low, while WTI settled below $63.67, the […]
Monday, February 5th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.790, nearly six cents below Friday’s closing price of $2.846. Buoyed by technical trading through 9:30AM, prices […]
Recap: The rally in oil prices continued to deteriorate, with oil futures falling to their lowest level in over a week. Pressure was provided by increasing U.S. production, a rising […]
Friday, February 2nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.878, two cents above Thursday’s closing price of $2.856. In an uneventful session compared to recent trading […]
Recap: Oil prices fell for the second time in seven weeks, pressured by strength in the, dollar following a stellar U.S. jobs report. Friday’s sell-off stymied the rally that began […]
Thursday, February 1st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.907, nine cents below Wednesday’s closing price of $2.995. Climbing initially to mark the intraday high of […]
Recap: Oil prices bounced on Thursday, having been propped up by several factors. Among these factors were signs that OPEC members are adhering to their agreed upon output cuts, Goldman Sachs […]