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Wednesday, August 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.943, nearly seventeen cents above Tuesday’s closing price of $2.777. Continuing the previous day’s momentum, based on […]
Recap: The oil market rallied higher on Wednesday as draws in U.S. fuel stocks helped offset some concerns of weaker demand from China as the country’s crude oil imports in […]
Tuesday, August 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.753, three cents above Monday’s closing price of $2.725. Falling to the intraday low of $2.719 soon […]
Recap: The oil market rebounded from its earlier losses as the EIA forecast a better economic outlook than previously expected. In overnight trading, the crude market sold off sharply and […]
Monday, August 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.662, roughly eight cents above Friday’s closing price of $2.577. Marking the intraday low as markets opened, […]
Recap: The oil market on Monday retraced some of its previous gains on profit-taking after the market posted its sixth consecutive weekly gain on Friday. Last week, the market closed […]
Friday, August 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.549, nearly two cents below Thursday’s closing price of $2.565. Updated bullish weather forecasts provided support early […]
Recap: The oil market posted gains for the sixth consecutive week of 2.78% as it remained in its upward trending channel. The market on Friday remained well supported by the […]
Thursday, August 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.529, five cents above Wednesday’s closing price of $2.477. Picking up ground overnight as traders squared their […]
Recap: The oil market rallied higher on Thursday following the news that Saudi Arabia was extending its voluntary output cut of 1 million bpd by one month to the end […]