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Monday, August 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.662, roughly eight cents above Friday’s closing price of $2.577. Marking the intraday low as markets opened, […]
Recap: The oil market on Monday retraced some of its previous gains on profit-taking after the market posted its sixth consecutive weekly gain on Friday. Last week, the market closed […]
Friday, August 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.549, nearly two cents below Thursday’s closing price of $2.565. Updated bullish weather forecasts provided support early […]
Recap: The oil market posted gains for the sixth consecutive week of 2.78% as it remained in its upward trending channel. The market on Friday remained well supported by the […]
Thursday, August 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.529, five cents above Wednesday’s closing price of $2.477. Picking up ground overnight as traders squared their […]
Recap: The oil market rallied higher on Thursday following the news that Saudi Arabia was extending its voluntary output cut of 1 million bpd by one month to the end […]
Wednesday, August 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.513, five cents below Tuesday’s closing price of $2.560. Recording the intraday high of $2.520 within minutes […]
Recap: The oil market posted an outside trading day and sold off sharply after Fitch downgraded the U.S. government’s top credit rating to AA+ from AAA. The market breached its […]
Tuesday, August 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.560, seven cents below Monday’s closing price of $2.634. Healthy storage levels and a break in intense […]
Recap: On Tuesday, the oil market posted an inside trading day as traders took profits after it continued to trend higher in its upward trending channel on Monday. The market’s […]