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Wednesday, September 27th saw the October NYMEX Natural Gas Futures Contract settle at $2.764, nearly eleven cents above Tuesday’s closing price of $2.656. The more actively traded November contract opened […]
The Oil Market Rallied Sharply Higher on Wednesday, Posting its Largest One Day Gain Since Early May
Recap: The oil market rallied sharply higher on Wednesday, posting its largest one day gain since early May as it continued to trade in its upward trend channel. The market […]
Tuesday, September 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.572, seven cents below Monday’s closing price of $2.639. Slipping to the intraday low of $2.558 within […]
Recap: The oil market rallied higher after posting a two-week low earlier on Tuesday as the market positioned itself ahead of the release of the weekly petroleum stocks reports. In […]
Monday, September 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.623, slightly below Friday’s closing price of $2.637. Gradually climbing to reach the intraday high of $2.671 […]
Recap: The oil market traded lower on Monday as Russia revised its fuel ban. The market traded mostly sideways in overnight trading and posted a high of $90.83 as the […]
Friday, September 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.678, nearly seven cents above Thursday’s closing price of $2.610. Recording the intraday high of $2.681 within […]
The Oil Market Erased its Gains on Expectations that the Ban on Product Exports Will Not Be For Long
Recap: While the oil market traded higher early on Friday on renewed supply concerns from Russia’s fuel export ban, it erased its gains on expectations that the ban on product […]
Thursday, September 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.700, three cents below Wednesday’s closing price of $2.733. Rising steadily to reach $2.730 by 9:30AM, the […]
Recap: The oil market on Thursday sold off in overnight trading but bounced higher on news of a Russian ban on fuel exports. The November WTI contract on its first […]