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Recap: The oil market rallied higher on Monday after Saudi Arabia pledged to cut its production by a further 1 million bpd to 9 million bpd starting in July. The […]
Friday, June 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.193, nearly four cents above Thursday’s closing price of $2.158. Ascending to trade along the $2.220 level […]
Recap: On Friday, the oil market extended Thursday’s 3% gain and increased by an additional 2% ahead of the weekend. The market was well supported after the U.S. Senate passed […]
Thursday, June 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.200, nearly seven cents below Wednesday’s closing price of $2.266. Achieving the intraday high as the opening […]
Recap: The market retraced little more than 62% of the selloff seen over the past couple of sessions, despite the weekly petroleum stock report showing an unexpected build in crude […]
Wednesday, May 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.372, five cents above Tuesday’s closing price of $2.327. Peaking at the intraday high of $2.410 ahead […]
Recap: The oil market continued to trend lower on Wednesday following some weak data from China. The crude market traded mostly sideways in overnight trading before it began its sell […]
Tuesday, May 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.323, nine cents below Friday’s closing price of $2.417. Following the long holiday weekend, prices peaked at […]
Recap: The oil market sold off on Tuesday as the physical market for crude signaled that supplies are more than enough to meet demand. Bloomberg reported that WTI’s June-July cash […]
Friday, May 26th settlement day for the June contract, saw the front month open at $2.240, nearly seven cents below Thursday’s closing price of $2.307. June settled lower on Friday […]