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November NYMEX Natural Gas Futures Contract Closed at $2.923 on Monday, September 30th

By Emily Beckett | October 1, 2024 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.923 on Monday, September 30th

Monday, September 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.892, $0.010 below Friday’s closing price of $2.902. Recording the intraday low of $2.868 within minutes of […]

Continuing Geopolitical News Regarding Israel and Hezbollah

By Emily Beckett | September 30, 2024 | Comments Off on Continuing Geopolitical News Regarding Israel and Hezbollah

Recap:  The crude market on Friday posted an inside trading day as the market weighed expectations of increased global supply against some supportive news regarding new economic stimulus in China […]

November NYMEX Natural Gas Futures Contract Closed at $2.902 on Friday, September 27th

By Emily Beckett | September 30, 2024 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.902 on Friday, September 27th

Friday, September 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.798, $0.045 above Thursday’s closing price of $2.753. Recording the intraday low as markets opened, the contract […]

Saudi Arabia Prepares to Increase its Output and Gain Market Share

By Emily Beckett | September 27, 2024 | Comments Off on Saudi Arabia Prepares to Increase its Output and Gain Market Share

Recap:  The oil market on Thursday continued on its recent downtrend following a Financial Times report that Saudi Arabia will give up its $100 price target as it prepares to […]

November NYMEX Natural Gas Futures Contract Closed at $2.753 on Thursday, September 26th

By Emily Beckett | September 27, 2024 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.753 on Thursday, September 26th

Thursday, September 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.655, $0.018 above Wednesday’s closing price of $2.637. Trending gradually lower throughout the day, October settled lower […]

Concerns Over Output Disruptions in Libya Eased

By Emily Beckett | September 26, 2024 | Comments Off on Concerns Over Output Disruptions in Libya Eased

Recap:  The crude oil market on Wednesday retraced some of its previous gains despite the weekly petroleum stocks reports showing a larger than expected draw in crude stocks. The market […]

October NYMEX Natural Gas Futures Contract Closed at $2.637 on Wednesday, September 25th

By Emily Beckett | September 26, 2024 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.637 on Wednesday, September 25th

Wednesday, September 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.611, $0.060 above Tuesday’s closing price of $2.551. Seeking direction throughout the session, traders weighed the impact […]

The Crude Market Traded Higher on News of Monetary Stimulus in China

By Emily Beckett | September 25, 2024 | Comments Off on The Crude Market Traded Higher on News of Monetary Stimulus in China

Recap:  The crude market traded higher on news of monetary stimulus in China, the continuing concerns over the escalating tension in the Middle East and a tropical storm threatening supply […]

October NYMEX Natural Gas Futures Contract Closed at $2.551 on Tuesday, September 24th

By Emily Beckett | September 25, 2024 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.551 on Tuesday, September 24th

Tuesday, September 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.607, $0.006 below Monday’s closing price of $2.613. Chopping around within three cents of $2.610 throughout the […]

The Market Weighed Escalating Tensions in the Middle East Against Continuing Concerns Over Demand

By Emily Beckett | September 24, 2024 | Comments Off on The Market Weighed Escalating Tensions in the Middle East Against Continuing Concerns Over Demand

Recap:  The oil market on Monday posted an outside trading day as the market weighed the escalating tensions in the Middle East against continuing concerns over demand. The market traded […]