Monday, January 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.367, fifteen cents below Friday’s closing price of $2.519. Knocked down over the weekend by a bearish […]
Volatile Trading Amid Geopolitical Tensions, Production Resumptions, and Weather-Related Disruptions
Recap: The oil market on Monday posted an outside trading day as the market traded lower on news that production at Libya's Sharara oilfield resumed on Sunday after protesters ended a […]
Friday, January 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.614, eight cents below Thursday’s closing price of $2.697. Recording the intraday high of $2.625 within minutes […]
Recap: The oil market traded higher early in the session on Friday but gave up its gains and ended the session in negative territory as the market weighed the Middle East […]
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Thursday, January 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.824, five cents below Wednesday’s closing price of $2.870. Trading marginally higher to record the intraday high […]
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Recap: The oil market on Thursday continued to retrace its recent losses and ended the session over 2% higher. The market was well supported by the IEA forecasting strong growth in […]
Wednesday, January 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.778, thirty-five cents below Tuesday’s closing price of $2.900. Falling to an intraday low of $2.763 as […]
Recap: The oil market continued to trend lower on Wednesday on concerns over demand following weak economic data from China. China’s economy in the fourth quarter expanded by 5.2% on the […]