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Tuesday, October 7th saw the front-month NYMEX Natural Gas contract open at $3.368, $0.011 above Monday’s closing price of $3.357. Marking the intraday low of $3.365 within minutes of the […]
Recap: The crude market remained in its sideways trading range on Tuesday, as it continued to trade within last Thursday’s trading range for the third consecutive session. The market ended […]
Recap: The oil market traded higher on Monday following OPEC+ decision to increase its output for November by a more modest amount than expected, offsetting concerns about increased supply. It […]
Recap: The crude market posted an inside trading day on Friday ahead of the OPEC+ meeting this weekend. The eight OPEC+ members could agree on Sunday to raise production in […]
Friday, October 3rd saw the front-month NYMEX Natural Gas contract open at $3.341, $0.101 below Thursday’s closing price of $3.442. Finding buyers early on as prices shot to the intraday […]
Recap: The oil market continued to trend lower on Thursday, extending its losses for the fourth day, due to concerns about oversupply in the market ahead of an OPEC+ meeting […]
Thursday, October 2nd saw the front-month NYMEX Natural Gas contract open at $3.514, $0.038 above Wednesday’s closing price of $3.476. Following the previous session’s short covering induced rally, prices fell […]
Wednesday, October 1st saw the front-month NYMEX Natural Gas contract open at $3.363, $0.063 above Tuesday’s closing price of $3.303. Falling to record the intraday low of $3.318, uncertainty surrounding […]
Recap: The crude oil market continued to sell off on Wednesday, settling lower for the third consecutive session amid the U.S. federal government shutdown that added to worries about the […]
Recap: The crude oil market remained pressured by potential plans for a larger OPEC+ output increase next month and the resumption of oil exports from Iraq’s Kurdistan region via Turkey. […]