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Tuesday, June 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.972, roughly two cents above Monday’s closing price of $2.949. Despite expectations for above-average temperatures to cover […]
Recap: The oil market posted an outside trading day as it moved between gains and losses on production uncertainty ahead of OPEC’s upcoming meeting on June 22nd. The market opened 18 […]
Monday, June 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.953, six cents above Friday’s closing price of $2.890. Tallying the intraday high of $2.966 within minutes […]
Recap: Oil prices reversed early gains on Friday after JPMorgan lowered its 2018 price forecast by $3 to $62.20 a barrel. This combined with sluggish Chinese demand and increasing U.S. output […]
Friday, June 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.888, four cents below Thursday’s closing price of $2.930. Falling to the intraday low of $2.875 soon […]
Recap: WTI rose from its lowest level in a month, shrugging off Wednesday’s EIA report, which reflected a 2.07 build in U.S. crude oil inventories. Prices rose on increasing concern over […]
Recap: Oil prices traded higher on the initial opening, gaining support on reports that Venezuela may default on some of its contracted crude oil exports. The higher move was short lived, […]
Wednesday, June 6th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.884, slightly below Tuesday’s closing price of $2.890. Ascending to the intraday high of $2.907 by 9:20AM, […]
Tuesday, June 5th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.910, two cents below Monday’s closing price of $2.930. Posting a momentary jump to the intraday high […]
Recap: Brent slipped to its lowest level in a month, while WTI fell to a fresh one and a half month low after it was reported that the U.S. had […]