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Monday, June 4th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.968, slightly above Friday’s closing price of $2.962. Slipping lower as markets opened in response to comfortable […]
Recap: An upsurge in U.S oil production, combined with an increase in the number of active oil rigs, pushed WTI to its lowest level since April 10. July WTI slipped below […]
Recap: The oil market continued to trend lower on Friday as Brent’s premium over WTI continued to trade at a three-year high. The differential between Brent and WTI increased to double […]
Friday, June 1st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.950, nearly flat to Thursday’s closing price of $2.952. Climbing to the intraday high of $2.968 ahead […]
Recap: WTI slipped on Thursday, pressured by unexpected builds in U.S. distillate and gasoline inventories as reported by the EIA. Trader’s pushed prices higher on their initial reaction to the report, […]
Thursday, May 31st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.927, four cents above Wednesday’s closing price of $2.885. Stepping higher overnight as bullish weather forecasts look […]
Recap: WTI reversed 5 straight days of declines, as Russia’s central bank cautioned against plans to boost output and on forecasts calling for a decline in U.S. crude oil inventories. […]
On Wednesday, May 30th – the July NYMEX Natural Gas Futures Contracts began trading as the prompt month. Opening at $2.895, a penny below Tuesday’s closing price of $2.903, the […]
Recap: Last week’s slide in oil prices continued on Tuesday, with WTI falling as much as 3 percent, as hedge funds gave up on bets that prices had more upside potential. […]
On Tuesday, May 29th – settlement day for the June Contract – the front-month NYMEX Natural Gas Futures Contracts opened at $2.878, roughly six cents below Friday’s closing price of […]