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Crude Oil Market Well Supported by Cold Snap in U.S. and Europe

By Emerson Doiron | January 13, 2025 | 0 Comments

Recap:  The oil market rallied sharply higher and posted a third consecutive week of gains amid concerns of potential supply disruptions due to further sanctions imposed against Russia. The market […]

February NYMEX Natural Gas Futures Contract Closed at $3.989 on Friday, January 10th

By Emerson Doiron | January 13, 2025 | 0 Comments

Friday, January 10th saw the front-month NYMEX Natural Gas Futures Contract open at $3.910, up $0.209 compared to Thursday’s closing price of $3.701. Bolstered by weather models finding common ground […]

Crude Oil Market Traded Higher, Supported by Increased Winter Fuel Demand

By Emerson Doiron | January 10, 2025 | 0 Comments

Recap:  The oil market on Thursday traded higher as the market was supported by increased winter fuel demand, shrugging off the latest weekly inventory reports showing large builds in product […]

February NYMEX Natural Gas Futures Contract Closed at $3.701 on Thursday, January 9th

By Emerson Doiron | January 10, 2025 | 0 Comments

Thursday, January 9th saw the front-month NYMEX Natural Gas Futures Contract open at $3.663, up $0.012 compared to Wednesday’s closing price of $3.651. Recording the intraday low of $3.655, prices […]

Large Builds in U.S. Oil Product Stocks

By Emily Beckett | January 9, 2025 | 0 Comments

Recap:  The oil market traded lower on Wednesday in light of large builds in U.S. oil product stocks, reversing early gains from tightening supplies from Russia and other OPEC members. […]

February NYMEX Natural Gas Futures Contract Closed at $3.651 on Wednesday, January 8th

By Emily Beckett | January 9, 2025 | 0 Comments

Wednesday, January 8th saw the front-month NYMEX Natural Gas Futures Contract open at $3.568, up $0.119 compared to Tuesday’s closing price of $3.449. Ticking higher overnight as forecasts remain supportive, […]

Frigid Weather Forecasts Calling for Increasing Heating Oil Demand

By Emily Beckett | January 8, 2025 | 0 Comments

Recap:  The oil market ended the session higher on Tuesday after it reversed its early declines. The market was supported by the near term weather forecasts calling for frigid weather […]

February NYMEX Natural Gas Futures Contract Closed at $3.449 on Tuesday, January 7th

By Emily Beckett | January 8, 2025 | 0 Comments

Tuesday, January 7th saw the front-month NYMEX Natural Gas Futures Contract open at $3.544, down $0.128 compared to Monday’s closing price of $3.672. With widespread cold and impending OFO’s already […]

February NYMEX Natural Gas Futures Contract Closed at $3.672 on Monday, January 6th

By Emily Beckett | January 7, 2025 | 0 Comments

Monday, January 6th saw the front-month NYMEX Natural Gas Futures Contract open at $3.684, up $0.330 compared to Friday’s closing price of $3.354. Recording the intraday high of $3.726 within […]

The Market Gave Up its Previous Sharp Gains After Being in Overbought Territory

By Emily Beckett | January 7, 2025 | 0 Comments

Recap:  The oil market ended the session lower on Monday after it gave up some of its previous sharp gains after being in technically overbought territory over the last few […]