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Recap: Trading was quiet with prices trading flat in both the WTI and Brent markets, as traders came back from the Christmas/New Year holidays. Prices were supported by signs of improving […]
Fundamental News: The US EIA reported that US crude oil production in October increased to a record 12.66 million bpd from a revised 12.48 million bpd in September. It also […]
Recap: Oil futures turned mixed after hitting a three-month high Monday, lifted by upbeat expectations around the global economy and optimism over an expected trade deal between the U.S. and China, […]
Friday, December 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.209, nine cents below Tuesday’s closing price of $2.294. After open, prices began to fall before quickly […]
Recap: Oil was little changed on Friday, steadying near three-month highs after new data showed U.S. crude inventories fell far more than expected, while upbeat economic data and optimism over a […]
Thursday, December 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.255, eight cents above Tuesday’s closing price of $2.172. Prices quickly reached their intraday low of $2.244 […]
Recap: Crude oil prices rose on Thursday after the API reported a 7.9 million barrel drop in U.S. crude oil inventories. WTI rose to its highest level in 3 ½ months, […]
Tuesday, December 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.171, four cents below Monday’s closing price of $2.214. Falling to an intraday low of $2.162 by […]
Fundamental News: US President, Donald Trump, said he and China’s President, Xi Jinping, will have a signing ceremony to sign the first phase of the US-China trade deal agreed to […]
Monday, December 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.214, eleven cents below Friday’s closing price of $2.328. Gapping lower over the weekend, following Friday’s short-covering […]