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Recap: Oil prices plummeted on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target. China, the […]
Thursday, October 13th saw the November NYMEX Natural Gas Futures Contract open at $6.459, two cents above Wednesday’s closing price of $6.435. Trending lower to reach an intraday low of […]
Recap: After three straight sessions of losses, oil futures headed higher on Thursday, finding support from the nearly five million-barrel weekly drop in U.S. distillate inventories. Traders also digested the […]
Wednesday, October 12th saw the November NYMEX Natural Gas Futures Contract open at $6.735, fourteen cents above Tuesday’s closing price of $6.596. Marking the intraday high of $6.763 by 9:30AM, […]
Recap: Oil futures fell on Wednesday as a dismal economic outlook and a stronger U.S. dollar outweighed fears of tight supplies. OPEC, which together with allies including Russia last week […]
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Tuesday, October 11th saw the November NYMEX Natural Gas Futures Contract open at $6.495, six cents above Monday’s closing price of $6.435. Seeking direction throughout the day as prices wavered […]
Recap: Oil prices remained under pressure on Tuesday. While the recent production cuts from OPEC+ provided significant support to oil markets, traders remain worried that the slowdown of the world economy […]
Monday, October 10th saw the November NYMEX Natural Gas Futures Contract open at $6.717, three cents below Friday’s closing price of $6.748. Reaching an intraday high of $6.901 ahead of […]
Recap: Oil futures slipped on Monday as recession fears overshadowed tight supplies. Investors weighed the possibility of a global recession and its impact on demand for fuel, against potentially tighter […]