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Recap: After trading higher early in the session, oil futures turned lower after OPEC cut its 2020 demand forecast by 6.9 million barrels per day. That reflects a contraction in demand […]
Wednesday, April 15th saw the front-month NYMEX Natural Gas Futures Contract open at $1.648, just below Tuesday’s closing price of $1.650. Ascending to an intraday high of $1.666 within minutes […]
Recap: Trading in the oil markets was erratic on Wednesday after the EIA reported a 19 million barrel increase in U.S. crude oil inventories, the largest weekly build ever, while demand […]
Tuesday, April 14th saw the front-month NYMEX Natural Gas Futures Contract open at $1.694, three cents below Monday’s closing price of $1.724. Following news of mild temperatures returning for much […]
Recap: Oil prices took a nosedive on Tuesday, ending close to a two-week low, pressured by a global supply glut as the coronavirus continues to hamper demand. Price pressure from that […]
Monday, April 13th saw the front-month NYMEX Natural Gas Futures Contract open at $1.805, seven cents above Thursday’s closing price of $1.733. Following a long weekend, as markets were closed […]
Recap: Oil prices seesawed on Monday morning, as an underwhelming OPEC production deal over the weekend was overshadowed by two tweets from President Donald Trump saying that production cuts would be […]
Recap: Oil prices turned lower on Thursday, retracing early gains of 13%, as traders reacted to the disappointing OPEC+ production cuts put forth at a time when demand is plummeting […]
Thursday, April 9th saw the front-month NYMEX Natural Gas Futures Contract open at $1.767, nearly two cents below Wednesday’s closing price of $1.783. Ascending through the initial forty minutes of […]
Wednesday, April 8th saw the front-month NYMEX Natural Gas Futures Contract open at $1.842, a penny below Tuesday’s closing price of $1.852. Continuing the three-day rally early on, prices rose […]