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The EIA Lowered its Demand Forecast for Next Year

By Emily Beckett | October 10, 2024 | Comments Off on The EIA Lowered its Demand Forecast for Next Year

Recap:  The crude oil market extended its losses on Wednesday after it posted an outside trading session on Tuesday. The market sold off on weak demand after the EIA on […]

November NYMEX Natural Gas Futures Contract Closed at $2.660 on Wednesday, October 9th

By Emily Beckett | October 10, 2024 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.660 on Wednesday, October 9th

Wednesday, October 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.706, down $0.027 compared to Tuesday’s closing price of $2.733. Posting a downward trend throughout the day, […]

Energy Companies Began Shutting Down Their Pipelines in Tampa

By Emily Beckett | October 9, 2024 | Comments Off on Energy Companies Began Shutting Down Their Pipelines in Tampa

Recap:  The crude market on Tuesday posted an outside trading day, as it continued on its upward trend in follow through strength seen on Monday before it sold off on […]

November NYMEX Natural Gas Futures Contract Closed at $2.733 on Tuesday, October 8th

By Emily Beckett | October 9, 2024 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.733 on Tuesday, October 8th

Tuesday, October 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.706, down $0.040 compared to Monday’s closing price of $2.746. Marking the intraday low of $2.699 within […]

The Conflict in the Middle East Continuing to Drive the Market Higher

By Emily Beckett | October 8, 2024 | Comments Off on The Conflict in the Middle East Continuing to Drive the Market Higher

Recap:  The crude market on Monday continued to add to the previous week’s gains with the conflict in the Middle East continuing to drive the market higher. The market posted […]

November NYMEX Natural Gas Futures Contract Closed at $2.746 on Monday, October 7th

By Emily Beckett | October 8, 2024 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.746 on Monday, October 7th

Monday, October 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.822, down $0.032 compared to Friday’s closing price of $2.854. Marking the intraday high of $2.835 by […]

November NYMEX Natural Gas Futures Contract Closed at $2.854 on Friday, October 4th

By Emily Beckett | October 7, 2024 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.854 on Friday, October 4th

Friday, October 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.914, down $0.056 compared to Thursday’s closing price of $2.970. Marking the intraday high of $2.933 within […]

Fears That Israel May Target Iranian Oil Infrastructure

By Emerson Doiron | October 7, 2024 | Comments Off on Fears That Israel May Target Iranian Oil Infrastructure

Recap:  The oil market continued to rally on Friday amid concerns of a wider Middle East conflict disrupting oil supplies. The market traded higher in follow through strength seen on […]

Concerns the Widening Conflict in the Middle East Could Threaten Global Oil Supply

By Emerson Doiron | October 4, 2024 | Comments Off on Concerns the Widening Conflict in the Middle East Could Threaten Global Oil Supply

Recap:  The oil market continued to trend higher on Thursday as the market remained concerned that a widening conflict in the Middle East could pose a threat to global oil […]

November NYMEX Natural Gas Futures Contract Closed at $2.970 on Thursday, October 3rd

By Emerson Doiron | October 4, 2024 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.970 on Thursday, October 3rd

Thursday, October 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.939, up $0.053 compared to Wednesday’s closing price of $2.886. Continuing its pre-opening momentum, prices rose to […]