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Tuesday, November 23rd – saw the front-month NYMEX Natural Gas Futures Contract open at $4.929, fourteen cents below Monday’s closing price of $4.789. Trading along either side of $4.970 through […]
Recap: The U.S. along with other major oil consumers announced a coordinated plan to release crude oil from strategic reserves in an effort to stem rising energy costs, but the […]
Monday, November 22nd – saw the front-month NYMEX Natural Gas Futures Contract open at $4.780, nearly twenty-nine cents below Friday’s closing price of $5.065. Slipping to an eleven-week intraday low […]
Recap: Oil futures erased early losses on Monday after a news report said OPEC and its allies were rethinking plans to continue with modest output increases. The potential move was seen […]
Friday, November 19th – saw the front-month NYMEX Natural Gas Futures Contract open at $4.965, six cents above Thursday’s closing price of $4.902. Fluctuating along the $4.950 mark through 11:00AM, […]
Recap: The rising cases of COVID-19 in Europe and fresh lockdowns in Austria pushed oil prices to their lowest level in 7 weeks. Market sentiment has turned bearish as traders were […]
Thursday, November 18th saw the front-month NYMEX Natural Gas Futures Contract open at $4.971, sixteen cents above Wednesday’s closing price of $4.816. Climbing to an intraday high of $5.032 at […]
Recap: Oil futures settled higher on Thursday after falling to a six-week low in overnight trading following reports that China is releasing oil from its strategic reserves. December WTI added 65 […]
Wednesday, November 17th saw the front-month NYMEX Natural Gas Futures Contract open at $4.976, twenty cents below Tuesday’s closing price of $5.177. Following a bearish shift in short-term weather forecasts […]
Recap: On Wednesday, the oil market remained on the defensive after the IEA and OPEC on Tuesday warned of an impending oversupply in the market. The market traded to $80.69 in […]