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Recap: The market retraced little more than 62% of the selloff seen over the past couple of sessions, despite the weekly petroleum stock report showing an unexpected build in crude […]
Wednesday, May 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.372, five cents above Tuesday’s closing price of $2.327. Peaking at the intraday high of $2.410 ahead […]
Recap: The oil market continued to trend lower on Wednesday following some weak data from China. The crude market traded mostly sideways in overnight trading before it began its sell […]
Tuesday, May 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.323, nine cents below Friday’s closing price of $2.417. Following the long holiday weekend, prices peaked at […]
Recap: The oil market sold off on Tuesday as the physical market for crude signaled that supplies are more than enough to meet demand. Bloomberg reported that WTI’s June-July cash […]
Friday, May 26th settlement day for the June contract, saw the front month open at $2.240, nearly seven cents below Thursday’s closing price of $2.307. June settled lower on Friday […]
Recap: The oil market posted an inside trading day amid the uncertainty of an OPEC+ supply cut at its meeting this week and the ongoing debt ceiling negotiations. The market […]
Thursday, May 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.382, two cents below Wednesday’s closing price of $2.398. Trading evenly along $2.385 leading up to the […]
Recap: The oil market on Thursday retraced nearly all of its gains seen earlier this week as Russia downplayed the prospect of further OPEC+ production cuts at its meeting next […]
Wednesday, May 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.372, five cents above Tuesday’s closing price of $2.321. Gaining ground overnight, the contract stabilized near $2.380 […]