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Recap: The oil market on Thursday continued to trade within Monday’s trading range for the third consecutive session as it retraced Wednesday’s losses on escalating tensions in the Middle East. […]
Wednesday, January 10th saw the front-month NYMEX Natural Gas Futures Contract open at $3.006, eighteen cents below Tuesday’s closing price of $3.190. A bearish shift overnight in the impending arctic […]
Recap: The oil market on Wednesday continued to trade within Monday’s trading range as it erased its earlier gains and sold off following an unexpected build in crude stocks. The […]
Tuesday, January 9th saw the front-month NYMEX Natural Gas Futures Contract open at $3.114, thirteen cents above Monday’s closing price of $2.980. Trading sideways through 10:00AM near $3.110, prices withdrew […]
Recap: The oil market posted an inside trading day on Tuesday following Monday’s sharp selloff that was prompted by Saudi Arabia’s signal that it aimed to remain competitive in the […]
Monday, January 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.753, fourteen cents below Friday’s closing price of $2.893. Touching base with market fundamentals early on, with […]
Recap: The oil market sold off sharply on Monday on price cuts by Saudi Arabia, the latest sign that fundamentals are worsening. It offset supply concerns generated by escalating geopolitical […]
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Friday, January 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.690, thirteen cents below Thursday’s closing price of $2.821. Marking the intraday low of $2.687 by 9:05AM, […]
Recap: On Friday, the crude market continued to trend higher on concerns over escalating tensions in the Middle East and disruptions to global supply. The market ended the first week […]