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August NYMEX Natural Gas Futures Contract Closed at $2.418 on Wednesday, July 3rd

By Emily Beckett | July 5, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.418 on Wednesday, July 3rd

Wednesday, July 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.437, nearly even to Tuesday’s closing price of $2.435. Recording the intraday low of $2.410 by 9:35AM, […]

An Expected Rise in Demand as the Summer Travel Season Increases with the Independence Day Holiday This Week

By Emily Beckett | July 3, 2024 | Comments Off on An Expected Rise in Demand as the Summer Travel Season Increases with the Independence Day Holiday This Week

Recap:  On Tuesday, the oil market ended the session lower after the market extended its previous gains to two-month highs early in the session. The market was well supported by […]

August NYMEX Natural Gas Futures Contract Closed at $2.435 on Tuesday, July 2nd

By Emily Beckett | July 3, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.435 on Tuesday, July 2nd

Tuesday, July 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.453, nearly three cents below Monday’s closing price of $2.478. Reaching its apex of $2.465 by 9:15AM, […]

The Oil Market on Monday Continued on its Upward Trend, Supported by Increasing Geopolitical Concerns

By Emily Beckett | July 2, 2024 | Comments Off on The Oil Market on Monday Continued on its Upward Trend, Supported by Increasing Geopolitical Concerns

Recap:  The oil market on Monday continued on its upward trend, supported by increasing geopolitical concerns. There are fears of conflict in southern Lebanon in light of a military build-up, […]

August NYMEX Natural Gas Futures Contract Closed at $2.478 on Monday, July 1st

By Emily Beckett | July 2, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.478 on Monday, July 1st

Monday, July 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.558, four cents below Friday’s closing price of $2.601. Ascending to the intraday high of $2.575 by […]

Market Sentiment Was Weighed Down by Weak U.S. Gasoline Demand

By Emily Beckett | July 1, 2024 | Comments Off on Market Sentiment Was Weighed Down by Weak U.S. Gasoline Demand

Recap:  The crude market ended the session lower as market sentiment was weighed down by weak U.S. gasoline demand. The market remained well supported in overnight trading and continued its […]

August NYMEX Natural Gas Futures Contract Closed at $2.601 on Friday, June 28th

By Emily Beckett | July 1, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.601 on Friday, June 28th

Friday, June 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.732, five cents above Thursday’s closing price of $2.685. Recording the intraday high as markets opened, the […]

The Market Remained Supported by Concerns Over Geopolitical Tension in the Middle East

By Emily Beckett | June 28, 2024 | Comments Off on The Market Remained Supported by Concerns Over Geopolitical Tension in the Middle East

Recap:  The oil market traded higher on Thursday as the market remained supported by concerns over the geopolitical tension in the Middle East. However, its gains were limited by the […]

August NYMEX Natural Gas Futures Contract Closed at $2.685 on Thursday, June 27th

By Emily Beckett | June 28, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.685 on Thursday, June 27th

Thursday, June 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.750, just above Wednesday’s closing price of $2.745. Pulling back ahead of the weekly storage report, prices […]

The EIA’s weekly petroleum stocks reports showing unexpected builds in both crude and gasoline stocks

By spragueoperati | June 27, 2024 | Comments Off on The EIA’s weekly petroleum stocks reports showing unexpected builds in both crude and gasoline stocks

Recap:  The oil market settled slightly higher on Wednesday despite the EIA’s weekly petroleum stocks reports showing unexpected builds in both crude and gasoline stocks. The EIA reported a build […]