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The Market Steadied Following Four Days of Declines Over the Global Demand Outlook

By Emily Beckett | August 23, 2024 | 0 Comments

Recap:  The oil market on Thursday posted an inside trading day as the market steadied following four days of declines on concerns over the global demand outlook. The market rebounded […]

The Oil Market Traded Lower on Wednesday Following a Downward Revision to U.S Employment Growth

By Emily Beckett | August 22, 2024 | 0 Comments

Recap:  The oil market traded lower on Wednesday following a downward revision to U.S. employment growth and outweighed the session’s early gains attributed to the draws in crude and products […]

September NYMEX Natural Gas Futures Contract Closed at $2.177 on Wednesday, August 21st

By Emily Beckett | August 22, 2024 | 0 Comments

Wednesday, August 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.194, just below Tuesday’s closing price of $2.198. Extending to the intraday high of $2.210 ahead of […]

Why Are Gasoline Prices Higher in the Summer?

By Emily Beckett | August 21, 2024 | 0 Comments

Have you ever noticed that the roads are much more populated in the summer months than in the winter? Economically, with increased demand for fuel to keep families and businesses […]

The Market Appeared to Bounce During the Morning on the News of a Continued Fighting in Gaza

By Emily Beckett | August 21, 2024 | 0 Comments

Recap:  The oil markets acted nervously on Tuesday. While the overriding theme in the markets continued to be the economic malaise in China and the potential progress in a ceasefire […]

September NYMEX Natural Gas Futures Contract Closed at $2.198 on Tuesday, August 20th

By Emily Beckett | August 21, 2024 | 0 Comments

Tuesday, August 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.225, a penny below Monday’s closing price of $2.235. Pulling back prior to the opening bell, the […]

Oil Prices Tumble on Economic Concerns and Diplomatic Developments

By Emerson Doiron | August 20, 2024 | 0 Comments

Recap:  While the oil markets were on the defensive at the start of trading Sunday night and into early Monday, based on the economic malaise that continued to be reflected […]

September NYMEX Natural Gas Futures Contract Closed at $2.235 on Monday, August 19th

By Emerson Doiron | August 20, 2024 | 0 Comments

Monday, August 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.168, nearly five cents above Friday’s closing price of $2.123. Ascending from the intraday low as markets […]

Less Than Supportive Economic Indicators From China Overshadowed Any Geopolitical Risks

By Emily Beckett | August 19, 2024 | 0 Comments

Recap:  The oil market on Friday sold off following its inside trading day on Thursday and settled 0.25% lower for the week after less than supportive economic indicators from China […]

September NYMEX Natural Gas Futures Contract Closed at $2.123 on Friday, August 16th

By Emily Beckett | August 19, 2024 | 0 Comments

Friday, August 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.146, five cents below Thursday’s closing price of $2.197. Extending to the intraday high of $2.179 by […]