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Friday, November 12th saw the front-month NYMEX Natural Gas Futures Contract open at $5.044, ten cents below Thursday’s closing price of $5.149. Persistent mild temperatures and steady production provided downward […]
Recap: Oil futures continued to slide on Friday, in what was a choppy trading session as traders booked profits and squared positions ahead of the weekend. Strength in the U.S. […]
Thursday, November 11th saw the front-month NYMEX Natural Gas Futures Contract open at $4.942, six cents above Wednesday’s closing price of $4.880. Tallying the intraday low of $4.901 twice in […]
Recap: Oil futures held steady on Thursday, as traders coped with strength in the US dollar, concerns over increasing US inflation, and after OPEC cut its 2021 forecast due to high […]
Wednesday, November 10th saw the front-month NYMEX Natural Gas Futures Contract open at $4.764, twenty-one cents below Tuesday’s closing price of $4.979. Falling to an intraday low of $4.725 by […]
Recap: Oil futures retreated from two-week highs on Wednesday after the EIA reported a 1 million barrel build in U.S. crude oil inventories and after President Joe Biden said his administration […]
Tuesday, November 9th saw the front-month NYMEX Natural Gas Futures Contract open at $5.218, twenty-one cents below Monday’s closing price of $5.427. Marking the intraday high of $5.225 within minutes […]
Recap: Oil futures jumped ahead of the EIA weekly inventory report, which is expected to show an increase of 1.9 million barrels in U.S. crude oil inventories. Spurred higher by […]
Monday, November 8th saw the front-month NYMEX Natural Gas Futures Contract open at $5.579, fourteen cents below Thursday’s closing price of $5.516. Falling to $5.428 early on as forecasts softened […]
Recap: Oil futures moved higher on Monday after Saudi Arabia increased prices which was taken as a signal that global stockpiles are decreasing quicker than expected. Saudi Arabia made some […]