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Recap: The oil market on Friday retraced some of its earlier losses in afternoon trading and settled higher for a second consecutive week. Positive U.S. economic growth and economic stimulus […]
Thursday, January 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.754, eleven cents above Wednesday’s closing price of $2.641. With prices threatening the $2.900 level near 7:30AM, […]
Recap: The oil market continued to trend higher on Thursday as the market remained well supported following the EIA report on Wednesday showing a larger than expected draw in crude […]
Wednesday, January 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.595, fifteen cents above Tuesday’s closing price of $2.450. Per NatGasWeather.com, “the coming 15-day US weather pattern […]
Recap: The oil market traded higher on Wednesday following a larger than expected draw in crude stocks and fall in U.S. crude output. The geopolitical tensions in the Middle East […]
Tuesday, January 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.336, eight cents below Monday’s closing price of $2.419. Similar to the prior session, bearish forecasts to […]
Recap: The crude market posted an inside trading day as it failed to breach its previous trading range. The market posted the day’s trading range by mid-day as it bounced off […]
Monday, January 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.367, fifteen cents below Friday’s closing price of $2.519. Knocked down over the weekend by a bearish […]
Volatile Trading Amid Geopolitical Tensions, Production Resumptions, and Weather-Related Disruptions
Recap: The oil market on Monday posted an outside trading day as the market traded lower on news that production at Libya's Sharara oilfield resumed on Sunday after protesters ended a […]
Friday, January 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.614, eight cents below Thursday’s closing price of $2.697. Recording the intraday high of $2.625 within minutes […]