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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 […]
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, […]