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Fundamental News: Russia’s Energy Minister, Alexander Novak, said that the process of easing global oil output cuts will likely be a gradual one. He discussed the issue earlier on Friday with […]
Recap: Oil prices slipped for the third straight session on growing expectations that OPEC will increase its output to alleviate any shortfalls due to U.S. imposed sanctions against Iran and dwindling […]
Thursday, May 24th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.915, nearly flat to Wednesday’s closing price of $2.914. Lacking any significant activity ahead of the 10:30AM […]
Recap: Oil prices slipped on Wednesday after the EIA reported an unexpected build in U.S. crude oil and gasoline inventories. The possibility that OPEC may increase output to make up for […]
Wednesday, May 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.907, nearly flat to Tuesday’s closing price of $2.908. Fueled by continued expectations for short-term above average […]
Recap: Oil prices posted gains early in the session, as the possibility of crude oil hitting $100 a barrel began to sink in. Prices continue to gain strength from geopolitical […]
Tuesday, May 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.850, four cents above Monday’s closing price of $2.810. Launching from the intraday low of $2.842 soon […]
Recap: After opening the session at basically unchanged, oil prices drifted sideways in overnight trading before dipping below Friday’s close. Prices recovered following discussions between U.S. President Donald Trump, Russia […]
Monday, May 21st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.829, two cents below Friday’s closing price of $2.847. Climbing to the intraday high of $2.847 out […]
Recap: Oil prices slipped on Friday; however, WTI posted its fourth straight week of gains, while Brent settled higher for the sixth straight week. The lack of new fundamentals is […]