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Natural gas gains 7.4 cents

Posted on: May 23, 2017

The natural gas contract continued to rise on Monday, gaining 7.4 cents to settle at $3.330/MMBtu. The move was supported by weather models, which show warmer temperatures moving throughout much of the US to end off the month, and likely to boost power burn demand.

Expectations for the storage figure this week are looking for a build in the range of 59-Bcf to 69-Bcf. According to the EIA, inventory levels currently sit at 2.369-Tcf following the build of 68-Bcf last week.

May 23, 2017

Natural gas gains 7.4 cents

The natural gas contract continued to rise on Monday, gaining 7.4 cents to settle at $3.330/MMBtu.

May 23, 2017

Crude gains $0.40

NYMEX WTI futures remained in the $50 territory amid greater consensus that an extension in production cuts will be agreed to on May 25th among OPEC and Non-OPEC members.

May 23, 2017

Bank of Canada and OPEC meeting on deck

Tragedy struck in Manchester as 22 people were killed in a terrorist attack on Monday night.

May 19, 2017

Natural gas marginal 1 cent loss

NYMEX NG futures lost a penny to settle at $3.18, which is unusual considering Thursday’s EIA figures generally increase price volatility for the day.

May 19, 2017

Crude gains $0.28

WTI prices approach the $50 mark moving $0.28 and settling at $49.35 amid further established beliefs that OPEC will extend their production cut agreement until March 2018.

May 17, 2017

Trump-Comey part deux

Risk sours amid reports that Trump asked former FBI Director Comey to end the FBI’s investigation into former White House national security advisor Michael Flynn’s connections with Russia.

May 17, 2017

Natural Gas slides 12 cents lower

Natural gas continued its slide from Monday moving 12 cents lower to settle at $3.23.

May 17, 2017

Crude falls $0.19

WTI crude futures moved a modest $0.19 lower to settle at $48.66.

May 15, 2017

Natural Gas gains 5 cents

NG futures experienced another consecutive gain of 5 cents to settle at $3.42 on Friday’s close.

May 15, 2017

Crude makes marginal $0.01 gain

A fairly stable day for last week’s close on crude, but hey, boring isn’t necessarily a bad thing is it?

May 15, 2017

Russia and Saudi extends oil cuts

Russia and Saudi agreed to extends oil production cuts until March 2018.

May 12, 2017

Natural Gas gains 8 cents

The main driver for NG contracts causing them to gain 8 cents to settle at $3.38.

May 12, 2017

Crude gains $0.50

The gain is essentially a prolonged rally on the US inventory drawdowns published Wednesday.

May 11, 2017

Natural Gas gains 6 cents

Short term weather forecasts supported prices with cooler than normal temperatures in the Northeast.

May 11, 2017

Crude gains $1.45

WTI contracts were pushed $1.45 higher to settle at $47.33.

May 10, 2017

Natural Gas gains 6 cents

Thursday’s EIA inventory report has been forecasted for a 56-Bcf gain in stockpiles.

May 10, 2017

Crude losses $0.55

The official EIA inventory report today showed crude stockpiles fell by 5 million barrels.

May 10, 2017

Market in slumber after French election

With the French election out of the way, the market is consolidating within its recent range looking for the next catalyst for directional bias.

May 09, 2017

Natural Gas down 9 cents

NG prompt futures were shot down 9 cents to a final settle of $3.17.

May 09, 2017

Crude gains $0.21

NYMEX WTI prompt contracts gained $0.21 to settle at $46.43.

May 08, 2017

Macron wins French election.

Macron decisively wins the French election last night with 66% of the vote vs Le Pen’s 34%.

May 08, 2017

Natural Gas gains 8 cents

NYMEX NG futures gained 8 cents to settle at $3.27.

May 08, 2017

Crude gained $0.70

WTI prompt futures contracts got pummeled last week, gaining a small amount back on Friday closing off $0.70 higher to settle at $46.22.

May 05, 2017

Natural Gas down 4 cents

The forecasted 61-Bcf rise in stockpiles was contrasted to a higher injection of 67-Bcf according to the official EIA report on Thursday.

May 05, 2017

Crude plummets $2.30

WTI prompt futures got hit hard for the second time this week amid a stream of negative OPEC media headlines.

May 05, 2017

June rate hike locked and loaded

USDCAD made fresh highs on Thursday as oil continued to slide away.

May 05, 2017

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Another damp week after spectacular sunshine to start the year.

May 04, 2017

Natural Gas rises 3 cents

NYMEX NG futures saw support at $3.17 and ultimately gained 3 cents to settle at $3.23.

May 04, 2017

Crude gains $0.16

NYMEX WTI prompt futures gained 16 cents for the day to settle at $47.82.

May 02, 2017

Natural Gas down 6 cents

Not much activity in the markets today with a May 1st holiday. NYMEX NG futures lost 6 cents to settle at $3.22 for the day amid warmer temperatures experienced in the Southwest.

May 02, 2017

Crude down $0.49

WTI futures contracts fell $0.49 to settle at $48.84.

May 02, 2017

USDCAD approaches trend resistance ahead of Fed meeting tomorrow

The quiet start to the week continues, as participants are reluctant to step in front of significant event risk starting with the Fed announcement tomorrow.

May 01, 2017

Natural Gas gains 4 cents

The new prompt June NG futures contracts gained 4 cents to settle at $3.28.

May 01, 2017

Crude up $0.36

Russia almost fully adhered to their pledged 300,000 barrel per day production cuts as the OPEC agreement nears expiration at the end of May.

May 01, 2017

Quiet start to currency markets as participants await FOMC/Payrolls

May has begun with a whisper in currency markets, as most of Europe and Asia are enjoying a bank holiday.

April 28, 2017

Natural Gas down 3 cents

Two main drivers that pushed NYMEX NG contracts 3 cents lower to settle at $3.24.

April 28, 2017

Crude falls $0.65

Libya reopened their largest oil field which added some skepticism into the markets and short-term pressure but it wasn’t all bad news.

April 27, 2017

Natural gas sharply climbs 10 cents

Weather fundamentals are responsible for this one and the May contract expired 10 cents higher to settle at $3.14.

April 27, 2017

Crude gains $0.06

Wednesday’s EIA numbers positively surprised the market with US inventories falling by 3.64 million barrels.

April 27, 2017

NAFTA Waffling whips around USDCAD as Trump makes tax announcement

Headline trading in full force over the past 24 hours, as USDCAD remained at the mercy of the Trump Administrations policies.

April 26, 2017

Natural Gas down 2 cents

The four day losing streak continues with NYMEX NG futures falling 2 cents lower to settle at $3.04.

April 26, 2017

Crude gained $0.33

Prompt WTI contracts gained $0.33 and settled at $49.56 amid projections for a 1.75 million barrel decline in US crude inventories.

April 25, 2017

Natural gas slips 3.5 cents

Natural gas prices fell for the third consecutive day on Monday.

April 25, 2017

Crude falls $0.39

Crude prices fell 39 cents on Monday’s trading to close at $49.23.

April 25, 2017

Trump administration talks tough on trade, hammering the loonie

It is clear that the phrase “no use crying over spilled milk” has not made it south of the border.

April 24, 2017

Macron and Le Pen move on in French election

Lively weekend in currency news, with the first round of the French election happening yesterday.

April 24, 2017

Natural Gas loses 6 cents

There is a technical support level of $3.00 and with the May contract expiring this week there is sure to be some directional ambiguity as we roll into May.

April 24, 2017

Crude plummets $1.09

WTI June futures broke the $50 support and tumbled $1.09 lower to settle at $49.62 for the day.

April 21, 2017

Natural Gas slips 3 cents lower

The short-term weather forecast along the US East Coast remains more in less intact with expectations for warmer than average temperatures.

April 21, 2017

Crude falls $0.17

Crude trading was rather uneventful today and there isn’t much to discuss that hasn’t been said before.

April 20, 2017

Natural Gas gains 4 cents

From a technical standpoint there was support at $3.12 with $3.20 resistance.

April 20, 2017

Crude slides $1.97 lower

The explanation for the rather dramatic decrease in WTI prompt futures remains a bit of a mystery as nothing boisterous hit news headlines.

April 20, 2017

Macron increases lead on Le Pen in French polls

Yesterday USDCAD kept chugging along, ending the New York session around 1.3485.

April 19, 2017

Natural Gas losses 2 cents

Temperatures have been mixed with cooler than average and normal weather in the Eastern third of the US.

April 19, 2017

Crude $0.24 lower

Mark your calendars because on May 25th OPEC will meet to discuss extending their production cut agreement.

April 19, 2017

May takes GBP on wild ride as she announces snap election

Did anyone catch the number of the GBP train yesterday? After announcing a surprise press conference yesterday, Theresa May caught the market off guard by announcing she would not be resigning as PM.

April 03, 2017

USDCAD remains range bound ahead of employment numbers

The USD is mixed against crosses to start the week this morning, gaining ground against AUD/NZD.

March 31, 2017

Natural Gas loses 4 cents

Yesterday we finally saw the UK trigger Article 50, to little fanfare.

March 31, 2017

Crude gains $0.84

Turns out some verbal, non-binding statements from OPEC energy ministers played a large part in pushing WTI prompt futures past $50.

March 31, 2017

CAD strengthens as Canadian GDP comes in higher than expected

It looked like USDCAD might finally take a run at the post FOMC low of 1.3265 for a while yesterday.

March 30, 2017

Natural Gas soars 7.9 cents higher

NYMEX NG futures gained 7.9 cents to settle at $3.175 driven by the Bloomberg survey stockpile estimate 43-Bcf draw.

March 30, 2017

Crude gained $1.14

The big news for crude that drove WTI prompt futures $1.14 higher to settle at $49.51 was the lower than anticipated EIA inventory levels.

March 29, 2017

USD bulls run again?

USD has been on its back foot since the beginning of March but it regained its footing yesterday.

March 29, 2017

Natural Gas up 4.4 cents

NYMEX NG prompt futures gained 4.4 cents to settle at $3.10 based on a favourable short term weather and inventory forecasts.

March 29, 2017

Crude rises $0.64

WTI gained $0.64 and settled at $48.37 driven by Libya’s halt of shipments from the Sharara field while facing continued political uncertainty.

March 28, 2017

Natural Gas down 2 cents

NYMEX NG futures were driven by technical resistance with an intraday high of $3.133 and a final settle of $3.052.

March 28, 2017

Crude falls $0.24

The story of the boy who cried wolf couldn’t be more true for the statements that came out of the OPEC meeting over the weekend in Kuwait.

March 28, 2017

Oil prices stabilize…for now

After seeing some interesting moves overnight yesterday, price action fizzled into the North America session. USDCAD tested support again at 1.3320 before taking another run at resistance as oil prices sold off to start the North American session.

March 24, 2017

Canadian CPI slows in February

Yesterday the theme was anticipation, as the market sat around on pins and needles and waited for Congress to vote on the Trumpcare bill.

March 24, 2017

Natural Gas up 4 cents

Yes, the 150bcf official EIA storage draw was large but more or less in line with estimates of 153bcf.

March 24, 2017

Crude losses $0.34

While the markets continue to digest the EIA build of 4.95 million on Wednesday.

March 23, 2017

Natural Gas down 8 cents

The Eastern half of the US is experiencing warmer temperatures and there is some concern that the expected stockpile draw may not be as gloriously bullish as we wrap up the winter season.

March 23, 2017

Crude falls $0.20

Early Wednesday morning prompt futures were looking at over a $1.00 loss after the publication of the bearish EIA figures.

March 23, 2017

Trumpcare vote takes centre stage

Yesterday the markets were in risk-off mode, with concerns about the ability of Republican leaders to successfully push the ACHA health care bill through the House.

March 22, 2017

Natural Gas gains 5 cents

NYMEX NG futures gained 5 cents to settle at $3.093 for the day. Colder weather pattern revisions for the Northeast in the 6-10 day forecast pushed prices higher. Analysts forecasted for a 127bcf draw in inventories last week, which is considerably above

March 22, 2017

Crude losses $0.88

Another bearish day for WTI futures losing $0.88 and settling at $47.34 for the day.

March 22, 2017

Is the USD uptrend ending?

Canadian retail sales surprised to the upside coming in at 2.2% for January vs expectation of 1.5%.

March 21, 2017

Canadian retail sales stronger than expected

After a while you run out of descriptions for watching grass grow, so we will not spend much time recapping what happened (spoiler alert: not much) yesterday.

March 21, 2017

Natural Gas soars 9 cents higher

NYMEX NG prompt futures rose 9 cents higher amid optimism.

March 21, 2017

Crude falls $0.56

WTI futures settled $0.56 lower closing at $48.22.

March 20, 2017

Natural gas gains 5 cents

NYMEX NG prompt futures traded within a $0.083 range and ultimately settled $0.05 higher.

March 20, 2017

Crude gains $0.03

WTI prompt futures gained $0.03 on Friday settling at $48.78.

March 20, 2017

G20 proves uneventful, UK announces Brexit intentions

Another sleepy start to the trading week so far as participants return to the desks from the weekend without much to report.

March 17, 2017

Natural Gas falls 8 cents

NYMEX NG prompt futures lost 8 cents settling at $2.90 largely driven by inventories falling less than expected.

March 17, 2017

Crude loses $0.11

After the EIA 237k draw in US stockpiles (only 0.04% percent lower) the global crude markets still have a ways to go to meet equilibrium levels.

March 16, 2017

Natural Gas up 4 cents

NYMEX NG prompt futures gained 4.3 cents to settle higher at $2.981 for the day.

March 16, 2017

Crude gains $1.11

The highly anticipated weekly EIA numbers are in and they are more in line with the API forecast.

March 15, 2017

Natural Gas falls 11 cents

NYMEX NG futures broke below $3 during the day settling 11 cents lower at $2.94.

March 15, 2017

Crude losses $0.62

Crude WTI prompt futures continued their slide downward amid increased production levels for OPEC’s largest producer, Saudi Arabia, breaking above 10 million barrels per day. Production increased by 263k barrels last month in Saudi Arabia.

March 15, 2017

FOMC day finally arrives

Congratulations! You have made it to another FOMC decision day.

March 14, 2017

Natural Gas gains 4 cents

NYMEX NG prompt futures traded within a 10 cent range to settle 3.5 cents higher.

March 14, 2017

Crude falls $0.12

OPEC’s efforts to reduce global supply continue to meet with adversity from increased US production.

March 14, 2017

Slick oil prices send Canadian dollar slip sliding away

The week in currency markets started out with an uneventful session yesterday, as participants watched tight ranges play out in thrilling fashion.

March 13, 2017

Event risk headlines upcoming week

The calm before the storm certainly would be a good description of the currency markets this morning.

March 13, 2017

Natural Gas falls 3.4 cents

NG prompt futures broke through $3.00, trading in a 7.6 cent range.

March 13, 2017

Crude $0.79

Crude WTI prompt contracts moved within a $1.80 range.

March 10, 2017

Natural gas gains 7.3 cents

NYMEX natural gas traded in a range of $0.101 on Thursday and settled at $2.974/MMBtu.

March 10, 2017

Crude falls $1.07 lower

WTI prompt futures broke through the $50 support level trading in a volatile $2.25 range.

March 09, 2017

Natural gas gains 7.7 cents

NYMEX natural gas traded in a range of $0.116 on Wednesday and settled at $2.901/MMBtu.

March 09, 2017

Crude plummets $2.86 lower

A bearish day for crude after the EIA US crude supply figures were released.

March 09, 2017

ECB leaves rates unchanged

After starting the week slow, USDCAD embarked on a steady grind higher yesterday.

March 08, 2017

Natural gas down 7.7 cents

NYMEX natural gas traded in a range of $0.075 and settled at $2.824/MMBtu, losing 7.7 cents.

March 08, 2017

Crude falls $0.06

A slow day for crude WTI futures settling $0.06 lower to $53.14.

March 07, 2017

Lack of momentum causes quiet start to week

Tight ranges were the theme yesterday, with USDCAD content to wander around in a 40-point range for most of the North American session.

March 07, 2017

Natural gas gains 7.4 cents

NYMEX natural gas traded in a range of $0.095 on Monday.

March 07, 2017

Crude falls $0.13

WTI futures traded within a tight range of 80 cents.

March 06, 2017

Natural gas gains 2.3 cents

NYMEX natural gas traded in a volatile but tight range of $0.065 on Friday.

March 06, 2017

Crude up by $0.72

Crude bounced back on Friday after the loss incurred Thursday.

March 06, 2017

Political risk in France continues to hamstring Euro

Last week ended with a lineup of Federal Reserve speakers, the last communications ahead of the blackout period before the March rate decision next week.

March 06, 2017

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Unemployment is low, inflation ticking up, and confidence high in the US. Here in Canada, well let’s just admit it, we are deeper and more nuanced.

March 03, 2017

Slight gain in natural gas

NYMEX natural gas traded in a range of $0.105 on Thursday and settled at $2.804/MMBtu.

March 03, 2017

Crude falls $1.22

Crude prompt futures fell $1.22 on Thursday and settled at $52.61.

March 03, 2017

USD strength takes a pause ahead of onslaught of Fed speak

If you were looking for an overused cliché to describe the events of yesterday but can’t quite put your finger on a good one, may I suggest “The trend is your friend”?

March 02, 2017

Natural gas gains 2.5 cents

NYMEX natural gas traded in a range of $0.085 on Wednesday and settled at $2.799/MMBtu.

March 02, 2017

Crude falls $0.14

The prompt month for crude fell 14 cents during yesterday’s trading, and closed at $53.87.

March 02, 2017

Bank of Canada keeps dovish tone

US dollar continues to surge with March rate hike back on the table.

March 01, 2017

Natural gas gains 8.1 cents

NYMEX natural gas traded in a range of $0.135 on Tuesday and settled at $2.774/MMBtu, gaining 8.1 cents on the day. The prompt month bounced back with the highest gain in weeks despite the bearish weather models.

March 01, 2017

Crude losses $0.04

Prompt WTI futures remained relatively unchanged holding a resistance at $55.

March 01, 2017

US Fed hawks circle around a March rate hike

On a day where the focus was supposed to be on Trump’s State of the Union address to Congress, the US Fed stole the show.

February 28, 2017

Natural Gas falls 9.4 cents

NYMEX natural gas traded in a range of $0.062 on Monday and settled at $2.693.

February 28, 2017

Crude gains $0.06

Crude prompt futures gained 6 cents on Monday’s trading and settled at $54.05.

February 28, 2017

Markets await Trump’s speech to congress

We kick started the week in currency markets with a groggy yawn on Monday, as participants were reluctant to have big positions ahead of risk events later this week.

February 27, 2017

Natural Gas gained $0.01

Decline in US gas rigs last week and technical support at $2.50.

February 27, 2017

Crude drops $0.46

Prompt WTI futures traded within a tight $0.75 range, facing resistance around the $55 mark.

February 27, 2017

Currency markets take a breather ahead of busy week

Friday brought us the most action we have seen in USDCAD in a number of sessions, as a strong headline inflation number saw CAD strengthen against the USD.

February 24, 2017

Natural gas gains 2.5 cents

NYMEX natural gas traded in a range of $0.135 on Thursday and settled at $2.617/MMBtu, gaining 2.5 cents.

February 24, 2017

Crude gains $0.86

Crude prompt futures gained $0.86 on Thursday and settled at $54.45.

February 23, 2017

Natural gas gains 2.8 cents

NYMEX natural gas traded in a range of $0.118 on Wednesday and settled at $2.592/MMBtu, gaining 2.8 cents.

February 23, 2017

USD slides continues after dovish Fed’s minutes

Fed minutes were slightly dovish with no hints of a March hike yesterday.

February 22, 2017

Canadian retail sales underwhelm

For those watching USDCAD who managed to stay awake through yesterday’s session.

February 22, 2017

Natural Gas down 27 cents

NYMEX natural gas was in a free-fall on Tuesday.

February 21, 2017

Natural gas falls 2 cents

Not too much movement for the prompt month.

February 21, 2017

Crude gains $0.04

Friday was a quiet day for crude markets.

February 21, 2017

USD well bid as market ponders March rate hike

Hopefully everyone enjoyed the long weekend.

February 17, 2017

Messy politics in France continue to hamstring Euro

After briefly breaking below 1.3020 in USDCAD on Thursday morning, USDCAD found strong buyers as the support band ahead of the figure held strong.

February 17, 2017

Natural gas pushed 7 cents lower

Another disappointing day for natural gas settling 7 cents lower to $2.854.

February 17, 2017

Crude moved $0.25 higher

WTI prompt futures gained $0.25 cents to a final close of $53.36 despite US crude stockpiles being at the highest level since 1982.

February 16, 2017

March rate hike on the horizon?

After strong retail sales and CPI prints yesterday, you may be surprised to learn we walked in this morning almost 100 points lower in USDCAD from the highs of yesterday.

February 16, 2017

Natural gas gains 2 cents

Not a large gain for NG futures as higher 6-10d mid-February temperature forecasts depressed US demand.

February 16, 2017

Crude falls $0.09

The EIA reported a 9.53 million barrel build in US crude inventories which was more than double the Bloomberg survey forecast.

February 15, 2017

Strong North American data sees USD and CAD strengthen

Testimony from Janet Yellen turned out to be anything but uneventful yesterday. She stressed that the Fed does not need to wait until fiscal policy kicks in to hike rates, and that a March rate hike has not been ruled out.

February 15, 2017

Natural gas falls 3.9 cents

Higher than average temperatures continue to weigh on natural gas prices.

February 15, 2017

Crude gains $0.27

WTI continued to rise amid high OPEC cut compliance announced earlier this week by the EIA.

February 14, 2017

Natural gas down 9 cents

NYMEX natural gas traded in a range of $0.073 and settled the day at $2.944/MMBtu.

February 14, 2017

Crude falls $0.93

WTI crude futures fell $0.93 settling at $52.93 for the day.

February 14, 2017

USD weakens as Trump security advisor resigns

The week kicked off with a quiet session yesterday, as a lack of data meant participants were once again focusing on the headlines.

February 13, 2017

Natural gas falls 9.2 cents

NYMEX natural gas traded in a range of $0.116 on Friday and settled at $3.034/MMBtu.

February 13, 2017

Crude gains $1.52

A bullish day for crude after the IEA reported 90% production cut implementation for the OPEC production cut accord.

February 13, 2017

Currency markets quiet ahead of Trump/Trudeau summit

Over the weekend President Trump hosted Prime Minister Abe from Japan and today he meets with Prime Minister Trudeau.

February 10, 2017

Natural gas gains 1.5 cents

NYMEX natural gas moved in a tight range of $0.079 on Thursday and settled at $3.141/MMBtu.

February 10, 2017

Crude gains $0.66

Crude prompt futures gained 66 cents on Thursday and settled at $53.00.

February 10, 2017

Canadian job numbers strong, hourly earnings disappoint

Yesterday looked to be a fairly uneventful session, with USDCAD grinding lower.

February 10, 2017

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Literally the only story in town this week has been the newly released employment report.

February 09, 2017

Natural gas unchanged

NYMEX natural gas traded in a range of $0.104 on Wednesday and settled the day at $3.126.

February 09, 2017

Crude gains $0.17

Crude WTI futures made a 17 cent gain and settled at $52.34.

February 09, 2017

USD weakens as crude hangs in

This week seems to be moving at a pace just slightly faster than Trump’s cabinet confirmations.

February 08, 2017

Natural gas gains 8 cents

NYMEX natural gas traded in a range of $0.105 on Tuesday and settled at $3.130/MMBtu.

February 08, 2017

Crude down 84 cents

Crude falls $0.84 to settle at $52.17 amid a negative forecast in US crude inventory.

February 08, 2017

Market consolidates on lack of conviction

The markets are jumping this way and that without any real conviction.

February 07, 2017

Natural gas falls 1.3 cents

NYMEX natural gas traded in a range of $0.080 on Monday and settled the day at $3.050/MMBtu, losing 1.3 cents.

February 07, 2017

Crude down $0.82

Prompt crude futures lost 82 cents and traded within a $1.22 range with a final settle price of $53.01.

February 07, 2017

USD bulls return to the bandwagon

Yesterday proved to be fairly uneventful, with risk-off sentiment permeating the market.

February 06, 2017

Natural gas falls 12.4 cents

NYMEX natural gas traded in a range of $0.159 on Friday and settled the day at $3.063.

February 06, 2017

Crude gains 29 cents

WTI prompt futures gained $0.29 to a final close of $53.83 after President Trump put Iran under sanction for their ballistic missile testing.

February 06, 2017

USD gains strength to start the week

A slow start to the week, with participants nursing their Super Bowl hangovers.

February 03, 2017

Natural gas gains 1.9 cents

NYMEX natural gas traded in a range of $0.091 on Thursday and settled at $3.187.

February 03, 2017

Crude trades $0.34 lower

Prompt WTI futures lost 34 cents after trading in a 85 cent range, settling at a final close of $53.54.

February 03, 2017

US employment report produces mixed bag of results

This morning US employment numbers are the big story, with Nonfarm Payrolls gaining 227k compared to expectations of 180k.

February 03, 2017

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Another quiet week on the rates front. Gov. Poloz spent some time in Canada’s greatest province to address the business school at the University of Alberta.

February 02, 2017

Natural gas gains 5.1 cents

NYMEX natural gas traded in a range of $0.115 on Wednesday and settled at $3.168/MMBtu.

February 02, 2017

Crude gains $1.07

Prompt futures traded within a $1.27 range to eventually settle $1.07 higher.

February 02, 2017

Central banks stand pat

Yesterday it was the US Fed’s turn in the Central Bank shuffle, and they managed to underwhelm the market.

February 01, 2017

Fed day

All eyes focus on the FOMC rate decision today at noon.

February 01, 2017

Natural gas falls 11.5 cents

NYMEX natural gas traded in a range of $0.125 on Tuesday.

February 01, 2017

Crude gains $0.18

Prompt crude futures traded within a $1.32 range.

January 31, 2017

Natural gas down 12.6 cents

NYMEX natural gas traded in a range of $0.126 on Monday and settled at $3.232/MMBtu, losing 12.6 cents.

January 31, 2017

Crude falls $0.54

Crude futures contracts didn’t experience much movement on the front today with a range of 70 cents and final settle of $52.63.

January 31, 2017

Canadian GDP stronger than expected

The week started off fairly uneventful yesterday, as participants jockeyed for position ahead of the big three Central Bank announcements that began with the Bank of Japan.

January 30, 2017

Natural gas up 0.9 cents

NYMEX natural gas traded in a range of $0.173 on Friday, however remained relatively unchanged.

January 30, 2017

Crude falls $0.61

Prompt WTI futures took a loss on Friday falling by $0.61.

January 30, 2017

Central Bank decisions headline busy week in currency markets

Friday represented a slow grind higher in USDCAD, as the market seemed determined to end the week above the 100 week moving average that now sits right around 1.3100.

January 26, 2017

USD buying returns overnight as US yields break higher

The Canadian dollar enjoyed gains yesterday, as broad USD weakness remained.

January 26, 2017

Natural gas gains 5.3 cents

NYMEX natural gas traded in a range of $0.110 on Wednesday and settled at 3.332/MMBtu, gaining 5.3 cents.

January 26, 2017

Crude falls $0.43

WTI prompt futures took a fall on bearish EIA inventory builds for both gasoline and crude.

January 25, 2017

Natural gas gains 3.6 cents

NYMEX natural gas traded in a range of $0.091 on Tuesday.

January 25, 2017

Crude gains $0.43

Crude markets responded positively to President Trump’s advancement of the Keystone XL and Dakota Access pipelines.

January 25, 2017

CAD appreciates as Trump continues parade of executive orders

The Canadian dollar enjoyed gains yesterday, as broad USD weakness was compounded by Trump signing an executive order to approve the Keystone XL Pipeline.

January 24, 2017

British Supreme Court rules parliament must approve trigger of Article 50

USD selling was the name of the game yesterday, as Steve Mnuchin’s comments about a stronger dollar being a headwind to a stronger US economy ignited selling.

January 24, 2017

Natural Gas climbs 3.9 cents

Trading within a $0.133 range and settling 3.9 cents higher at $3.243.

January 24, 2017

Crude falls $0.47

Prompt WTI futures traded within a range of $1.26 for the day ultimately losing $0.47.

January 23, 2017

Natural gas falls 16.6 cents

NYMEX natural gas traded in a range of $0.158 on Friday.

January 23, 2017

Crude gains $1.05

Crude prompt futures traded in a range of $1.51 and closed at $52.42, gaining $1.05 on Friday.

January 23, 2017

A new era begins

Friday was the big day, as Donald Trump was officially inaugurated as the 45th President of the United States.

January 20, 2017

Natural gas up 6.6 cents

NYMEX natural gas traded in a range of $0.147 on Thursday and closed the day off at $3.368/MMBtu, gaining 6.6 cents.

January 20, 2017

Crude gains $0.29

Oil gained $0.29 to a final close of $51.37 after the EIA disclosed last week’s US storage figures.

January 20, 2017

Financial Markets weekly newsletter

Context is everything isn’t it? Gov. Poloz did indeed say that an interest rate cut “remains on the table” at the press conference following the MPR this week.

January 20, 2017

Inauguration day

Donald Trump becomes the 45th President of the United State today.

January 19, 2017

Natural gas falls 11 cents

Short-term weather speculation continues to drive NYMEX Natural Gas futures into a frenzy.

January 19, 2017

Crude falls $1.40

Crude fell after a statement made by the head of the International Energy Agency forecasted for an increase in US shale production.

January 19, 2017

ECB leaves rates unchanged

Central Banks continue to be the flavour of the week, with the Bank of Canada leaving rates unchanged as expected yesterday.

January 18, 2017

Natural Gas down 1 cent

NYMEX Natural Gas traded within a $0.159 range and settled 1 cent lower at $3.412.

January 18, 2017

Crude gains $0.11

Crude turns a slight gain of $0.11 closing the day at $52.48.

January 18, 2017

Bank of Canada kept rate unchanged

USD sold off against most currency yesterday with Trump saying USD is too strong in an interview.

January 17, 2017

USD weaker across the board as Trump suggest USD too strong

After a quiet North American session yesterday due to MLK Day in the United States, the overnight session certainly brought more action.

January 16, 2017

Natural Gas gains 3.3 cents

NYMEX Natural Gas contracts traded within a $0.103 range.

January 16, 2017

Crude falls $0.64

Libya, an OPEC member exempt from production cuts, continues to place pressure on the optimism surrounding the OPEC agreement.

January 16, 2017

Volumes light as event risk clouds horizon

Event risk is the name of the game this week, with four big events to keep an eye on.

January 12, 2017

Natural gas falls 5.4 cents

NYMEX natural gas traded in a range of $0.139 and closed the day at $3.224, losing 5.4 cents.

January 12, 2017

Crude gains $1.43

Crude prompt futures traded through a range of $2.03 on Wednesday and closed at $52.25.

January 12, 2017

Trump presser underwhelms causing USD to sell off

Yesterday The Donald staged his first press conference in months, with many hoping he would lose the theatrics and focus on fiscal policy specifics as well as other policies under his regime such as repealing Obamacare.

January 11, 2017

Natural Gas gains 17.5 cents

NYMEX Natural Gas finally produced some gains after getting crushed within the last couple weeks.

January 11, 2017

Crude drops $1.14

WTI prompt futures suffered their second day of losses moving within a range of $1.66.

January 11, 2017

All eyes on Trump’s first press conference since July

Fasten your seatbelts, everyone, as today is the first press conference for The Donald as President Elect.

January 10, 2017

Natural Gas crumbles 18.2 cents lower

NYMEX Natural Gas contracts resume the streak of precipitous losses on Monday.

January 10, 2017

Crude tumbles $2.03 lower

Concern over Iraq’s compliance with the OPEC agreement drove prompt WTI futures down.

January 10, 2017

GBP trades fresh lows against USD

A fairly quiet session to kick off the week yesterday, as broad USD weakness remained the key theme on Monday.

January 09, 2017

GBP weakens as politicians continue to insist on hard Brexit

Friday was certainly an interesting session, with Canadian employment numbers surprising the market to the upside.

January 06, 2017

Natural Gas gains 0.6 cents

NYMEX Natural Gas moved within a $0.174 range, settling $0.006 higher at $3.273.

January 06, 2017

Crude gains $0.50

Saudi Arabia signalled their continued commitment to the OPEC agreement cuts by meeting their pledged production values last month.

January 05, 2017

Natural gas drops 6 cents

NYMEX Natural Gas continues to struggle with above average temperatures beginning the traditional winter season.

January 05, 2017

Crude gains $0.93

Crude WTI futures made a $0.93 gain, closing at $53.26, motivated by expectations of lower US inventories.

January 05, 2017

USD weakens as Fed minutes offer little of interest

Just like the Bruce Springsteen song, USDCAD was Born to Run stops yesterday.

January 04, 2017

Natural gas plummets 39.7 cents

NYMEX natural gas started the new year off with a dramatic decline in price, the most in almost three years.

January 04, 2017

Crude tumbles $1.39 lower

Pessimism looms over the crude markets as WTI futures contracts take a $1.39 tumble at the start of 2017.

January 04, 2017

Canadian dollar outperforms overnight

Despite a nosedive in WTI yesterday, CAD managed to hold its ground as the New York USDCAD close printed at 1.3427.

January 03, 2017

Natural gas falls 7.8 cents

NYMEX natural gas traded in a range of $0.167 last Friday.

January 03, 2017

Crude down $0.05

Crude prompt futures traded in a range of $0.68 last Friday and settled at $53.72.

January 03, 2017

Markets start 2017 with a slow crawl

2017 has started a little slow, with Japan and New Zealand closed overnight liquidity was quite thin again.

December 30, 2016

Financial Markets weekly newsletter

George Santayana is credited with saying, “Those who do not learn history are doomed to repeat it.”

December 30, 2016

Natural gas falls 9.6 cents

NYMEX natural gas traded in a range of $0.130 on Thursday and settled at $3.802, a 9.6 cent loss on the day.

December 30, 2016

Crude down by $0.29

Crude prompt futures traded in a range of $0.75 on Thursday and settled the day at $53.77.

December 23, 2016

Natural gas down 0.4 cents

NYMEX natural gas traded in a range of $0.129 on Thursday but settled relatively unchanged from the previous day at $3.538.

December 23, 2016

Crude gains $0.46

Crude WTI futures traded within a $1.11 range, settling $0.46 higher at $52.95.

December 23, 2016

CAD weakens heading into Christmas weekend

For those of you that have the misfortune of being in the office today, I have decided to further punish you by issuing an FX commentary.

December 22, 2016

Natural gas soars 27.9 cents

NYMEX natural gas traded in a range of $0.286 and soared 27.9 cents higher to settle at $3.542.

December 22, 2016

Crude down $0.81

WTI prompt futures lost $0.81 on the day to settle at $52.49.

December 22, 2016

Financial Markets weekly newsletter

It's been a quiet week for data and volatility, with yields in a fairly tight range.

December 21, 2016

Natural gas falls 12.9 cents

NYMEX natural gas traded in a range of $0.166 on Tuesday and settled the day at $3.263.

December 21, 2016

Crude gains $0.11

Crude market was relatively quiet on Tuesday with the January contract expiring up $0.11 on the day.

December 21, 2016

Riksbank extends QE, leaves rates unchanged

Why are we leading with the news that the Swedish Central Bank, the Riksbank, extended their QE and left rates unchanged? Because that is about the most exciting thing that happened overnight.

December 20, 2016

Natural gas falls 2.3 cents

NYMEX natural gas traded in a range of $0.12 on Monday and settled the day at $3.392.

December 20, 2016

Crude gains $0.22

WTI prompt futures gained $0.22 on Monday to settle at $52.12.

December 20, 2016

Markets consolidating ahead of holidays.

Not much to talk about as most currencies are trading close to yesterday’s close with the exception of the yen.

December 19, 2016

USD strength remains the name of the game

The trend was your friend on Friday, with USD buying continuing to be the dominant trade.

December 19, 2016

Natural gas falls 1.9 cents

NYMEX natural gas traded in a range of $0.091 on Friday and settled the day at $3.415.

December 19, 2016

Crude up $1.00

Crude rallied a bit on Friday, gaining $1.00 on the day to settle at $51.90.

December 16, 2016

Financial Markets weekly newsletter

The BOC released its Financial System Review this week. It highlighted the “elevated” risks of “national household financial stress, combined with house price correction."

December 15, 2016

Fed surprised market with hawkish dots

The Fed finally delivers with a 25bp that was expected universally.

December 15, 2016

Natural gas gains 6.6 cents

NYMEX natural gas traded in a range of $0.128 on Wednesday before settling at $3.54.

December 15, 2016

Crude falls $1.94

Crude prompt futures dropped $1.94, settling the day at 51.04.

December 14, 2016

Natural gas falls 3.3 cents

NYMEX natural gas traded in a range of $0.129 on Tuesday and closed the day off at $3.474, a 3.3 loss.

December 14, 2016

Crude gains $0.15

Crude had a small gain of $0.15 yesterday.

December 14, 2016

Dovish rate hike?

Overnight action was muted as we gets closer to the FOMC rate decision at 12pm MST today.

December 13, 2016

All eyes waiting on the last fed meeting of the year

All markets are trading range bound as traders wait for the FOMC decision tomorrow.

December 12, 2016

Natural gas climbs 5.1 cents

NYMEX traded in a range of $0.116 on Friday and settled at $3.746, climbing up 5.1 cents on the day.

December 12, 2016

Crude gains $0.66

WTI futures traded $0.66 higher at a $51.50 Friday close.

December 09, 2016

Natural gas gains 9.2 cents

NYMEX natural gas traded in a range of $0.227 before closing the day at $3.695.

December 09, 2016

Crude gains $1.07

Crude made it back over the $50 mark on Thursday's trading, gaining back much of the ground lost on the previous day.

December 09, 2016

CAD continues to gain strength as market turns focus to the Fed

Yesterday saw USDCAD chop around in a 50-pt range for most of the session, eventually breaking below 1.3200.

December 08, 2016

ECB announces asset purchases through end of 2017

Yesterday saw CAD dollar strengthen against the US, as a fairly uneventful decision by the Bank of Canada had the market take the path of least resistance and send USDCAD lower.

December 07, 2016

CAD takes a breath as market focuses on BoC language

Yesterday saw USDCAD test higher early, hitting 1.3311 before fading to close the session near where it started.

December 06, 2016

CAD chops around as WTI retraces

Yesterday saw CAD strengthen again, setting a new recent low of 1.3236 as oil enjoyed gains early in the session.

December 05, 2016

EUR whips around as Italians vote no

Last week ended with employment numbers in the US and Canada.

November 30, 2016

Natural gas down half a cent

The start to the January contract was rather uneventful for NYMEX natural gas.

November 30, 2016

Crude falls $1.85

Crude fell $1.85 on Tuesday on speculation heading into the OPEC meeting.

November 30, 2016

CAD blows in the wind as market waits on OPEC

Yesterday was the calm before the storm in USDCAD, with participants content to trade in a range ahead of the OPEC announcement this morning.

November 29, 2016

Natural gas gains 14.7 cents

NYMEX natural gas gained 14.7 cents on Monday, settling at $3.232.

November 29, 2016

Crude rises $1.02

WTI crude rose $1.02 on Monday’s trading, closing the day at 48.08.

November 29, 2016

OPEC doubts grow as USD regains some strength

Yesterday we saw general USD weakness in the market, as USDJPY broke through 112.

November 25, 2016

Markets crawl as the US celebrates Thanksgiving

With the US celebrating Thanksgiving yesterday, the markets that were open were confined to very tight ranges.

November 24, 2016

Natural gas gained 4.4 cents

The natural gas contract for December moved in a range of $0.147 on Tuesday and settled 4.4 cents higher.

November 24, 2016

Crude falls slightly

Prompt WTI futures settled $0.07 lower at $47.96/bbl.

November 23, 2016

USD strengthens on strong durable goods orders

After spending most of the overnight session in a 30 point range, USDCAD is testing higher this morning.

November 23, 2016

Natural gas gains 3.2 cents

The natural gas contract for December moved in a range of $0.101 on Tuesday and settled 3.2 cents higher.

November 23, 2016

Crude drops $0.21

Prompt WTI futures fell 21 cents to close at $48.03, moving within a $2.03 range on Tuesday.

November 22, 2016

Natural gas gains 11 cents

Gas saw another double digit rally at the front of the curve on Monday.

November 22, 2016

Crude rallies on OPEC optimism

WTI enjoyed a nice rally yesterday, with the front future settling $1.80 higher.

November 22, 2016

USD weakness continues as risk-on sentiment grows

USDCAD continues to test lower, breaking through 1.3400 again overnight as markets get more accustomed to a potential production cut from OPEC.

November 21, 2016

Natural gas gains 14 cents

Gas shook off bearish storage numbers to finish the week strong, with the front future gaining 14 cents to settle at $2.84. Forecasts for the weekend were cooler, causing the curve to catch a bid. AECO basis was wider on Friday.

November 21, 2016

Crude gains 27 cents

WTI gained 27 cents at the front of the curve on Friday, settling at $45.69.

November 21, 2016

CAD strengthens as oil prices enjoy gains heading into OPEC meeting

CAD has started the week off on a positive note.

November 18, 2016

Natural gas falls 6 cents

Gas stumbled at the front of the curve on Thursday, with the front future giving back 6 cents.

November 18, 2016

Crude falls 15 cents

WTI slid a bit at the front of the curve yesterday, with the prompt contract giving back 15 cents.

November 17, 2016

Natural gas gains 5 cents

Gas traded in a tight range at the front of the curve, eventually settling 6 cents higher at $2.76.

November 17, 2016

Crude falls 24 cents

WTI fell 24 cents at the front of the curve yesterday, settling at $45.57.

November 17, 2016

CAD follows crude as oil headlines push around commodity currencies

CAD was dragged around by Crude yesterday, as a bearish EIA inventory report caused initial USD strength and CAD weakness was quickly forgotten about.

November 16, 2016

Natural gas falls 4 cents

After starting the morning out strong, gas faded into the settle.

November 16, 2016

Crude climbs $2.49

WTI went on a tear yesterday, with the front future gaining $2.49.

November 16, 2016

CAD strengthens as crude enjoys strong gains

After experiencing a bit of trend exhaustion, CAD strengthened against the USD.

November 15, 2016

Natural gas launches 13 cents

Natural gas up considerably in Monday’s trading.

November 15, 2016

Crude falls $0.09

Crude fell 9 cents on Monday after trading in a range $1.61.

November 15, 2016

USD consolidates as participants take profit

After taking another run at 1.3600 early Monday morning, CAD slowly strengthened.

November 10, 2016

Natural gas gains 5.7 cents

Natural gas took back some ground on Wednesday.

November 10, 2016

Crude falls $0.29

WTI traded in a range of $2.88 on Wednesday before closing the day at $45.27.

November 10, 2016

Dust settles as markets envision Trump presidency

In quite the reversal from overnight lows, equity markets, crude and most other risky assets managed to rebound.

November 09, 2016

Markets tumble as Trump is elected President of the US

Wow. If you were complaining about a lack of volatility in the markets, be careful what you wish for!

November 08, 2016

Natural gas up 4.9 cents

Natural gas gained a bit of ground on Monday after consecutive days of losses.

November 08, 2016

Crude gains $0.82

Although there was no material information or progress concerning the OPEC agreement on Monday, Crude WTI Prompt Futures gained $0.82.

November 08, 2016

Markets open cautiously higher as Clinton shows slight lead in polls

Well the big day for our friends south of the border is finally here.

November 07, 2016

Natural gas unchanged

Friday was a rather uneventful day for natural gas.

November 07, 2016

Crude descends $0.59

Last Friday finished the week off on a pessimistic note where Crude WTI Prompt contracts continued their losing streak.

November 07, 2016

Currency markets focus shifts to US election

A reasonably quiet end to the week on Friday, as USDCAD was content to churn in a 30-point range for most of the day. The exception was a misguided OPEC headline stating that Saudi Arabia was going to raise production significantly, causing WTI to tumble

November 04, 2016

Natural gas falls 2.3 cents

The natural gas contract fell again for the fourth consecutive day on Thursday.

November 04, 2016

Crude down $0.68

Crude down again on Thursday, losing $0.685 and settling at $44.66.

October 31, 2016

CAD opens stronger ahead of a busy week of economic data

USDCAD tested higher for most of the session on Friday, breaking through resistance at 1.3400 a couple of times.

October 31, 2016

Natural gas gained 3.7 cents

After trading in a range of $0.109, the natural gas contract for December settled at $3.105.

October 31, 2016

Oil tumbles $1.02

Friday was not the best day for Crude, or Hilary Clinton’s campaign for that matter.

October 28, 2016

Natural Gas gains 3.3 cents

After trading in a range of $0.109, the natural gas contract closed off at $2.764.

October 28, 2016

Crude gains a moderate $0.54

The EIA came out with their Wednesday figures and reported a draw of 600,000 barrels in US crude. This optimistic draw is being met with contradictory feelings driven by the ups and downs of OPEC members seeking exemption, as well as resistance from Russi

October 28, 2016

USD Oscillates around 1.3400 as Q3 GDP Beats Expectations

USDCAD tested higher for most of the session yesterday, briefly running stops above 1.3400 before closing back under as US FI yields continue to increase.

October 27, 2016

Natural Gas falls 4.3 cents

Natural gas traded in a range of $0.149 on Wednesday before settling at $2.731.

October 27, 2016

Crude falls $0.78

Crude prompt futures continued to slide on Wednesday, falling $0.78 and closing the day at $49.18.

October 25, 2016

Natural Gas falls 16.2 cents

Natural gas fell 16.2 cents on Monday settling at $2.831.

October 24, 2016

Natural gas falls 15 cents

Gas had a tough end to the week, tumbling 15 cents.

October 24, 2016

Crude gains 22 cents

WTI managed a small gain to end the week, with the front future up 22 cents.

October 24, 2016

CAD weakens overnight as oil sells off

After the flurry of Central Bank activity last week, the market takes a breather this week.

October 21, 2016

Natural gas falls 2.9 cents

After trading within a range of $0.100, the natural gas future dropped 2.9 cents.

October 21, 2016

Crude drops $1.17

Crude Prompt WTI drops $1.17 closing at $50.43 on Thursday.

October 21, 2016

CAD Weakens after poor retail sales numbers

Quite the price action in EURUSD yesterday, after the ECB decision came out.

October 19, 2016

CAD strengthens ahead of BOC rate decision

CAD has strengthened overnight, as oil continues to creep higher.

October 19, 2016

Natural Gas gains 1.9 cents

After making some notable gains in morning trading, natural gas drew back.

October 19, 2016

Crude gains $0.35

Crude prompt futures gained $0.35 on Tuesday settling at $50.29.

October 18, 2016

Natural gas down 4.1 cents

Monday was relatively unexciting for natural gas.

October 18, 2016

Crude falls $0.41

Crude broke below $50 with prompt WTI future close of $49.94.

October 14, 2016

Natural Gas gains 13.1 cents

Thursday was an exciting day for natural gas with a gain of 13.1 cents.

October 14, 2016

Crude gains $0.26

WTI prompt future gained $0.26 on Thursday after trading in a range of $1.23.

October 13, 2016

Natural gas gains 2.7 cents

Natural gas gained 2.7 cents on Wednesday after moving within a range of $0.105.

October 13, 2016

Crude drops $1.17

Crude drops for the second day and settled $1.17 lower.

October 12, 2016

Crude drops $0.56

Not much happened in the crude markets on Tuesday, when Russia’s confirmation of a deal to cooperate with OPEC was fully priced out in Monday’s gain.

October 12, 2016

Natural Gas gains 3.8 cents

After moving within a range of $0.091, natural gas settled 3.8 cents lower than Monday settling at $3.237.

October 11, 2016

Natural Gas gains 8.2 cents

Natural gas gained 8.2 cents on Monday and settled at $3.275.

October 11, 2016

Crude gains $1.54

Crude prices gained $1.54 on Monday and settled at $51.35.

October 07, 2016

Natural Gas gains 0.8 cents

Natural gas moved within a range of $0.105 on Thursday before settling at $3.049.

October 07, 2016

Crude gains $0.73

Crude continued its bullish run on Thursday making it the 7th straight day of gains.

October 06, 2016

Natural Gas 7.7 gains cents

Wednesday was an exciting day for NYMEX Natural Gas. The commodity traded in a 13.6 cent range before it settled on $3.041, a 7.7 cent higher close than Tuesday with the bulk of the gain in the afternoon.

October 06, 2016

Crude soars $1.14 higher

Crude prompt futures traded within an 83 cent range in day trading Wednesday.

October 05, 2016

Natural gas gains 4.1 cents

Natural gas gained 4.1 cents on Tuesday, settling at $2.964.

October 05, 2016

Crude down $0.12

WTI prompt future to adjust downwards by $0.12 closing at $48.69.

October 04, 2016

Natural gas gains 1.7 cents

NYMEX natural gas gained 1.7 cents on the days trading to settle at $2.923.

October 04, 2016

Crude gains $0.57

The OPEC agreement to cut output continues to fuel the prompt futures WTI to a three month New York high.

October 03, 2016

Natural gas drops 5.3 cents

The price on natural gas dropped 5.3 cents on Friday.

October 03, 2016

Crude moves $0.41

Oil finished off last week with an 8.1% gain.

September 30, 2016

Natural gas falls $0.04

The EIA reported an injection of 49bcf which was slightly lower than estimates.

September 30, 2016

Crude moves $0.78 higher

Crude rose yesterday as markets continued to react to the proposed cut in production amongst OPEC members.

September 29, 2016

Natural gas decreases 4 cents

Milder weather expectations and October delivery contract expiration resulted in a 4 cent loss.

September 29, 2016

Crude soars $2.38 higher

Exciting day in the crude markets Wednesday, as OPEC outlined an agreement to limit production.

September 28, 2016

Natural gas remains unchanged

Volatility in the gas markets is largely from options expiration.

September 28, 2016

Crude falls $1.26

Hopes of reaching an agreement at the OPEC meeting continued to fade as Iran rejected the offer from Saudi Arabia to freeze production.

September 27, 2016

Natural gas gains 4 cents

Gas neutralized the 4 cent prompt future loss on Friday, gaining 4 cents Monday to settle at $3.00. EIA forecasted an injection of 50-Bcf. Weather remains moderate and power burns are decreasing. AECO basis weakened on Monday.

September 27, 2016

Crude gains $1.45, retreats in early trading

Pessimism still loomed in the air as the highly anticipated informal OPEC meeting in Algeria commenced.

September 23, 2016

Natural gas down $0.07

Natural gas closed at $2.99, down $0.07 from the previous day.

September 23, 2016

Crude gains $0.98

Another good day for crude as WTI prompt futures gain $0.98 on Thursday’s trading.

September 22, 2016

Natural Gas gains $0.01

After its close at $3.057 yesterday, gas continued to trade up overnight.

September 22, 2016

Crude gains $1.29

Crude prompt futures gained $1.29 yesterday settling at $45.34.

September 21, 2016

Natural Gas gains $0.12

A little more excitement coming out of gas compared to yesterday.

September 21, 2016

Crude gains $0.14

WTI for October settled $0.14 higher on Tuesday.

September 20, 2016

Natural gas trades sideways in quiet session

Gas pared early losses on Monday, with the front future eventually settling a penny lower.

September 20, 2016

Crude gains 27 cents

WTI managed a small gain to start the week, with the front future settling 27 cents higher.

September 19, 2016

Natural gas gains 2 cents

Gas continues to be batted around by weather at the front of the curve.

September 19, 2016

Crude falls 88 cents

WTI continued to slide on Friday, shaving another 88 cents to settle at $43.03.

September 16, 2016

Natural gas gains 4 cents.

Gas managed to post a small gain on Thursday.

September 16, 2016

Crude gains 33 cents

The dive in crude markets took a quick breather on Thursday.

September 15, 2016

Natural gas falls 2 cents

Gas had a rocky session on Wednesday, with the front future settling 2 cents lower at $2.89.

September 15, 2016

Crude falls $1.32

Despite a surprise draw in crude inventories, WTI continued to slide on Wednesday.

September 13, 2016

Natural gas gains 12 cents

Gas bulls took advantage of some fall heat, as temperatures remain high across much of the continent.

September 13, 2016

Crude gains 41 cents, retreats in early trading

Despite starting the trading session weaker on higher supply numbers.

September 12, 2016

Fed Governor Brainard in the spotlight

The Canadian dollar remains on the weak side.

September 12, 2016

Natural gas trades sideways

Gas had a lacklustre finish to the trading week on Friday.

September 12, 2016

Crude falls as participants consolidate positions.

WTI pared gains from earlier in the week on Friday, with the front future settling $1.74 lower at $45.88.

September 08, 2016

Natural gas falls 4 cents

Gas struggled to gain any traction on Wednesday.

September 08, 2016

Crude gains 67 cents

WTI continued to bounce around the mid 40s on Wednesday.

September 06, 2016

Natural gas trades flat

Gas had a typical pre-holiday weekend trading session, moving in a tight range.

September 06, 2016

Crude gains as Russia pushes for a supply freeze

WTI went into the holiday weekend on a strong note.

September 06, 2016

Weak ISM number has USD long on the run

Market getting back into things after Labor Day long weekend.

September 01, 2016

Natural gas gains 6 cents

Gas benefitted from warm forecasts on Wednesday.

September 01, 2016

Crude falls on bearish inventory numbers

WTI tumbled on Wednesday alongside the rest of the crude markets.

August 29, 2016

Natural gas gains 4 cents

Gas finished off the week with another gain.

August 29, 2016

Crude gains 31 cents

WTI started off strong on Friday but faded into the settle.

August 29, 2016

Jackson Hole over, now for Non-Farm Payroll

Janet Yellen signalled a hawkish stance on Friday.

August 26, 2016

Natural gas gains 5 cents

Gas saw more gains at the front of the curve on Thursday.

August 26, 2016

Crude gains 56 cents

WTI managed a small gain after Wednesday's selling.

August 25, 2016

Natural gas gains 3 cents

Gas saw another day of gains on Wednesday.

August 25, 2016

Crude falls $1.33

Crude bulls got a bit of a wake up call on Wednesday.

August 23, 2016

Natural gas gains 10 cents

After dropping 9 cents to head into the weekend, gas made up ground.

August 23, 2016

Crude falls $1.47

WTI for September expired $1.47 lower at $47.05 on Monday.

August 23, 2016

Markets wait for Jackson Hole

Volatility continues to be at its low as markets wait on the sideline.

August 22, 2016

Natural gas falls 9 cents

Gas fell 9 cents at the front of the curve on Friday to settle at $2.58.

August 22, 2016

Crude gains 30 cents

WTI ended a week of 5 positive settles with a gain of 30 cents to settle at $48.52. Despite poor US inflation data and another increase in rig counts WTI was able to hold on to its gains at the front of the curve. If early trading today is any indication,

August 18, 2016

Natural gas trades sideways

Natural gas continues to trade sideways over the past couple of days.

August 18, 2016

Crude continues to climb

The crude complex continues to climb.

August 17, 2016

Natural gas down

Natural gas is down a 1/2cent in early trading this morning to the USD2.61 level.

August 17, 2016

Crude off slightly

Crude API numbers showed builds in both crude and distillates and the complex is off slightly this morning.

August 16, 2016

Natural gas nearly flat

Natural gas traded fairly flat in yesterday's session.

August 16, 2016

Crude continues recovery

Crude continued its recovery off recent lows yesterday.

August 15, 2016

Natural gas falling back

Natural gas continues to slowly make its way off the highs we've seen earlier in the summer.

August 15, 2016

Crude up

Crude oil has seen a nice bump in pricing as of late.

August 15, 2016

Markets slow down with summer trading kicking in

Summer trading has kicked in as most currencies are trading close to Friday’s close.

August 11, 2016

Natural gas falls 5 cents

Gas saw another decline on Wednesday, settling 5 cents lower at $2.56.

August 11, 2016

Crude falls as OPEC production increases

WTI stumbled after a decent rally over the last few sessions.

August 08, 2016

Natural gas falls 6 cents

Gas fell 6 cents on Friday to settle at $2.77.

August 08, 2016

Crude trades sideways on stronger USD, gains in early trading

WTI was under pressure all session on Friday, as a strong US jobs report helped the USD gain strength.

August 04, 2016

Natural gas gains 11 cents

Gas rose 11 cents on Wednesday to settle at $2.84 as participants expect a bullish EIA report after the heat that has blanketed the continent. A withdrawal today would be the first summer withdrawal since 2006.

August 03, 2016

Natural gas falls 4 cents

Gas fell 4 cents at the front of the curve on Tuesday to settle at $2.73.

August 03, 2016

Crude falls again

WTI managed to overcome early optimism to end the day in the red again, settling below $40 at $39.51.

August 02, 2016

Natural gas falls 11 cents

After a strong finish to last week gas gave back some of its gains on Monday, settling 11 cents lower at $2.77.

August 02, 2016

Crude tumbles to start August

WTI started August off with a whimper, sliding $1.54 lower to settle at $40.06.

July 29, 2016

Natural gas climbs on bullish storage

Like any Adele single, gas rocketed up the chart yesterday. The September future settled 21 cents higher at $2.87 while AECO jumped to $2.50 at the front.

July 29, 2016

Crude falls 78 cents

Sticking to the musical theme of today, crude markets continued to get low on Thursday. And it was not the apple-bottomed jeans or the boots with the fur driving the move, but continued supply and storage concerns.

July 27, 2016

Natural gas falls 3 cents

Gas gave back 3 cents on Tuesday to settle at $2.71 as forecasts came in more moderate. The August contract rolls off today and September takes its turn at the front of the curve starting tomorrow. AECO basis was quiet on Tuesday, mostly unchanged.

July 27, 2016

Crude falls 21 cents

Another day, another red settle for WTI.

July 26, 2016

Natural gas drops 3 cents

Gas saw some selling at the front of the curve to start the week, with the front future falling 3 cents to settle at $2.75.

July 26, 2016

Crude falls over a dollar

As famous WTI bear Kesha once said: WTI's going down...I'm yelling timber!

July 21, 2016

Natural gas falls 7 cents

Gas fell 7 cents on Wednesday to settle at $2.66. After hotter forecasts dominated weather channels across the US, they were revised cooler on Wednesday. AECO basis tightened again slightly on Wednesday.

July 21, 2016

Crude gains 29 cents

Green across the board for the crude complex yesterday, with WTI settling 29 cents higher at $44.94.

July 20, 2016

Natural gas settles close to unchanged

After a hot start, gas gave back all its gains from early in the session.

July 20, 2016

Crude falls 65 cents

Like a one-sided game of Snakes & Ladders, WTI continues its slide lower.

July 19, 2016

Natural gas falls 3 cents

Gas started the week in the red on Monday, with the front future settling 3 cents lower at $2.72.

July 19, 2016

Crude falls 71 cents

Just like participants who attended the Stampede wrap-up featuring notable crude prognosticators Ice Cube and Flo Rida, crude had a bit of a rough Monday.

July 18, 2016

Natural gas gains 3 cents

Gas saw the benefit of bullish weather forecasts again on Friday, rising 3 cents at the front of the curve to settle at $2.76.

July 18, 2016

Crude gains 27 cents, retreats in early trading

WTI staged an afternoon rally on Friday, settling 27 cents higher at $45.95.

June 30, 2016

Crude up

Crude bounced over USD2.00 yesterday, in a busy trading day before the Canadian and US holidays.

June 30, 2016

Natural gas rallies.

Natural gas has been the exciting story in energy markets.

June 29, 2016

Natural gas pops 20 cents higher

Gas for July expired 20 cents higher at $2.92.

June 29, 2016

Crude rebound, settle higher

WTI recovered some of the losses of the previous two sessions on Tuesday, with the front future settling $1.52 higher at $47.85.

June 28, 2016

Natural gas gains 5 cents

Gas gained 5 cents at the front of the curve on Monday, with the front future settling at $2.72.

June 28, 2016

Crude falls on Monday as risk-off sentiment persists

WTI struggled again on Monday, with the front future settling $1.31 lower at $46.33.

June 28, 2016

Markets stabilizing after Brexit...for now

Yesterday, post-Brexit risk off sentiment is still lingering as capital runs to safe haven assets.

June 27, 2016

Natural gas falls 4 cents

Gas ended the week on a down note, settling 4 cents lower at $2.66.

June 27, 2016

Crude trades lower as market goes risk-off

Like many assets, oil fell victim to the surprise results of the Brexit vote.

June 23, 2016

Currency: Brexit Day

The day that everybody is waiting for is finally here. The Brits are hitting the polls today to determine if the UK is going to stay in the EU.

June 23, 2016

Crude Oil: Brexit Day

Crude fell yesterday as concerns about Brexit suppressed risk appetite. It has recovered slightly this morning hovering just under the USD50 mark.

June 23, 2016

Natural Gas: Brexit Day

Natural gas fell hard yesterday as markets sold off for fears of Brexit.

June 21, 2016

Crude gains on Brexit doubts, retreats in early trading.

Will they or won't they? Until Brexit is resolved, don't expect volatility to diminish.

June 21, 2016

Natural gas gains 12 cents

Gas continues the march higher at the front of the curve.

June 20, 2016

Brexit off, risk on

Risk rallies after the latest UK referendum polls on the weekend show “remain” camp in the lead after “leave” camp in the lead last week.

June 20, 2016

Natural gas gains at the front

Gas continued its rise at the front of the curve on Friday, gaining four cents to settle at $2.62.

June 20, 2016

Crude trades higher

WTI finished the week off strong, settling $1.77 higher on Friday at $47.98.

June 17, 2016

Natural gas falls 2 cents

Despite being inventory day, there was not a ton of action in NYMEX yesterday. Gas eventually settled 2 cents lower at $2.58 as the EIA report indicated an injection of 69 bcf, a slight miss of expectations. AECO basis was largely unchanged. Today we see

June 17, 2016

Crude falls $1.80

Markets are in full risk-off mode ahead of Brexit and crude is no exception.

June 16, 2016

Natural gas trades sideways at the front

Gas gave back a penny at the front of the curve on Wednesday, with the July future settling at $2.60.

June 16, 2016

Crude falls 48 cents

The slide in crude markets continues. WTI settled 48 cents lower on Wednesday at $48.01.

June 15, 2016

Natural gas gains 2 cents, sells off out the curve

Gas gained another 2 cents at the front of the curve on Tuesday, settling at $2.60.

June 15, 2016

Crude falls 39 cents

WTI continued its retracement on Tuesday, with the front future settling 39 cents lower at $48.49.

June 14, 2016

Natural gas gains 3 cents

Gas managed a small gain at the front on the curve on Monday, with the July future settling 3 cents higher at $2.59.

June 14, 2016

Crude falls 19 cents

WTI dipped back into the $48s on Monday, eventually settling 19 cents lower at $48.88.

June 13, 2016

Natural gas falls 12 cents

Gas gave back some recent gains on Friday, falling 12 cents to settle at $2.56.

June 13, 2016

Crude falls $1.49

WTI dropped back below $50 on Friday, settling $1.49 lower at $49.07.

June 13, 2016

Brexit and soft Chinese data sour risk sentiment

Risk-off this morning with three more EU Referendum polls released over the weekend, one showing a 10pt lead for the leave camp with mixed results for the other two.

June 07, 2016

Natural gas gains 7 cents

Gas caught another short term bid on Monday, with the front future gaining 7 cents to settle at $2.47.

June 07, 2016

Crude gains on USD weakness, supply disruptions

WTI started the week off strong, with the front future gaining $1.07 to settle at $49.69.

June 06, 2016

Natural gas trades sideways.

Gas operated in another tight range on Friday, eventually settling close to unchanged at $2.40.

June 06, 2016

Crude falls 55 cents.

WTI declined on Friday, with the front future settling 55 cents lower at $48.62.

June 02, 2016

Natural gas gains 9 cents

Gas caught another nice bid at the front of the curve on Wednesday, with the front future settling 9 cents higher at $2.38.

June 02, 2016

Crude falls 9 cents

WTI settled 9 cents lower on Wednesday at $49.01 while Brent dropped 17 cents to settle at $49.72.

June 01, 2016

Beige book and ECB put markets on hold

Yesterday, we saw nervous traders selling oil ahead of the OPEC meeting tomorrow.

June 01, 2016

Natural gas gains 12 cents

Gas bulls finally saw some weather in their favour on Tuesday, with bullish forecasts pushing the curve 12 cents higher at the front to settle at $2.29.

June 01, 2016

Crude falls 23 cents

WTI settled 23 cents lower on Tuesday at $49.10.

May 31, 2016

Natural gas gains 2 cents

Gas eeked out a 2 cent gain at the front of the curve on Friday, settling at $2.17.

May 31, 2016

Crude falls 15 cents on light volume

WTI had a choppy trade on Friday, as liquidity was low ahead of the long weekend.

May 30, 2016

Dual holiday keeping market quiet

As expected, the week is starting off quietly with both the US and UK off for holiday.

May 27, 2016

Natural gas falls 3 cents

Gas dipped 3 cents at the front of the curve on Thursday, settling at $1.96.

May 27, 2016

Crude breaks $50, retreats

WTI and Brent managed to break above $50 on Thursday before retreating to $49 handles.

May 26, 2016

Natural gas trades sideways

Gas gained a penny on Wednesday to settle at $1.99.

May 26, 2016

Crude gains 94 cents, breaks $50 in early trading

"Buy the rumour, sell the fact, buy the dip" was the theme of yesterday in the crude market.

May 25, 2016

Natural gas falls 8 cents

​A new YTD low in production was not enough to spark a rally for NYMEX yesterday.

May 25, 2016

Crude gains 54 cents

WTI gained 54 cents on Tuesday to settle at $48.62.

May 25, 2016

Bank of Canada stays steady on its course

The focus of the day is the Bank of Canada announcement and it was widely expected to remain unchanged at 0.5%.

May 24, 2016

​Gas settles a penny lower

Gas settled a penny lower on Monday at $2.06.

May 24, 2016

Crude falls 33 cents

WTI for June rolled off at $48.08, 33 cents lower.

May 20, 2016

Natural gas gains 4 cents

Gas caught a bid on Thursday thanks to a slightly bullish inventory number, eventually settling 4 cents higher at $2.04.

May 20, 2016

Crude trades sideways

WTI did its best Hulk Hogan wrestling impression on Thursday.

May 19, 2016

Natural gas falls 5 cents

Gas continued to showcase an affinity for red numbers on Wednesday, with the front future settling 5 cents lower at $2.00. Production continues to dip, but weather is still sabotaging any attempt at meaningful gains.

May 19, 2016

Crude falls 12 cents

WTI could not maintain early momentum on Wednesday, eventually settling down 12 cents at $48.19. The rally started when the EIA report was released showing large draws in product stocks and a large jump in refinery utilization.

May 13, 2016

Natural gas falls 2 cents

For an inventory day it was a pretty quiet one.

May 12, 2016

Natural gas gains 2 cents

Gas squeaked out a small gain on Wednesday, with the front future gaining 2 cents to settle at $2.17.

May 12, 2016

Crude gains $1.57

WTI staged another rally on Wednesday, with the front month gaining $1.57 to settle at $46.23.

May 11, 2016

USDCAD remains on the sideline

Oil price took a tumble yesterday as WTI fell from an overnight high of 45.94 in Asia to the low 44 range at the open.

May 11, 2016

Natural gas gains 6 cents

Gas for June gained 6 cents at the front yesterday, settling at $2.16.

May 11, 2016

Crude gains $1.22

Say it with me now: Supply Disruption!

May 10, 2016

Natural gas trades flat

Gas traded an exceptionally tight range at the front of the curve on Monday, eventually settling close to unchanged at $2.10.

May 10, 2016

Crude falls $1.22

WTI had a down day to start the week, with the front future falling over a dollar to settle at $43.44.

May 09, 2016

Crude Oil: Monday, May 9

Crude oil is off about 60cents this morning, despite continued supply reductions due to the fires in Northern Alberta.

May 09, 2016

Natural Gas: Monday, May 9

Natural gas continues to be fairly unsupported, particularly in AECO markets.

May 09, 2016

Disappointing NFP not denting the USD rally

The RBA slashed inflation forecasts overnight while leaving GDP and unemployment projections unchanged.

May 06, 2016

Natural gas falls 6 cents

Gas stumbled a bit on Thursday, with the front future settling 6 cents lower at $2.08.

May 06, 2016

Crude gains 54 cents on temporary supply interruptions

WTI rallied early but faded into the settle, eventually settling 54 cents higher at $44.32.

May 05, 2016

Natural gas gains 6 cents

Gas gained 6 cents on Wednesday to settle at $2.14.

May 05, 2016

Crude gains 13 cents

WTI had a choppy day on Wednesday, settling up 13 cents at $43.78.

May 03, 2016

Natural gas falls 14 cents

Gas saw a reversal of Friday's gains on Monday, with NYMEX losing 14 cents at the front to settle at $2.04.

May 03, 2016

Crude falls $1.14

WTI struggled to start the week, with the front future settling $1.14 lower at $44.78.

May 02, 2016

Natural gas gains 10 cents

Gas saw a rally at the front of the curve on Friday, with the June future settling 10 cents higher at $2.18.

May 02, 2016

Crude falls 11 cents

WTI fizzled on Friday, losing early momentum before rallying off the low to eventually settle 11 cents lower at $45.92.

May 02, 2016

Markets sit idle with several holidays

The market is off to a quiet start with UK and China both closed for holidays.

April 29, 2016

Natural gas falls 8 cents

Welcome to the front of the curve, June! Gas lost 8 cents on Thursday to settle at $2.08.

April 29, 2016

Crude gains 70 cents

WTI kept up the charge on Thursday, with the front month gaining 70 cents to settle at $46.03.

April 28, 2016

Natural gas falls 4 cents

Gas had another mixed session on Wednesday, with NYMEX falling 4 cents at the front to settle at $2.00.

April 28, 2016

Crude gains on Fed comments

Wow. Talk about a volatile day. The chaos started after the settle on Tuesday when APIs came out better than expected.

April 27, 2016

Natural gas falls 3 cents

Gas followed Monday's pattern again on Tuesday, as the front of the curve lost ground while the back saw some nice bids.

April 27, 2016

Crude gains $1.40

WTI rebounded in dramatic fashion on Tuesday, with the front future gaining $1.40 to settle at $44.04.

April 26, 2016

Natural gas falls 8 cents

Gas lost early momentum, with NYMEX eventually settling 8 cents lower at $2.06.

April 26, 2016

Crude falls $1.09

Like gas, oil started the week in an optimistic mood, however that was quick to dissipate.

April 25, 2016

Natural gas gains 7 cents

Gas had another strong session at the front of the curve on Friday, gaining 7 cents to settle at $2.14.

April 25, 2016

Crude gains 55 cents

WTI managed to rebound on Friday, regaining ground lost on Thursday.

April 25, 2016

Currency: Monday, April 25

The week is starting off slowly as the market is in waiting mode for a couple of important central bank decisions this week.

April 22, 2016

Natural gas settles unchanged

Gas settled close to unchanged at the front of the curve on Thursday at $2.07.

April 22, 2016

Crude falls $1

WTI pulled back a bit on Thursday, with the June future settling a dollar lower at $43.18.

April 21, 2016

Natural gas falls 2 cents

Gas had another tight range yesterday, with NYMEX falling 2 cents to settle at $2.07.

April 21, 2016

Crude rises on bullish inventory report

WTI for May finished with a bang, settling $1.55 higher at $42.63.

April 21, 2016

Currency: Thursday, April 21

It’s a day of central bank decisions today. The Riksbank kept policy rates unchanged at -0.5% and extended QE by 45bn.

April 20, 2016

Natural gas rallies on weaker production

Just when a certain analyst started to make a comment about the comfortable range we were trading in, gas decided to spike higher.

April 20, 2016

Crude rallies back above $41

WTI showed some resilience yesterday, with the front of the curve gaining over a dollar to settle at $41.08.

April 19, 2016

Natural gas gains 4 cents

Gas continues to play in the same range, with the May future gaining 4 cents on Monday to settle at $1.94.

April 19, 2016

Crude falls 58 cents

After cratering in the premarket thanks to the Doha meetings lack of results, WTI managed to rally as the session went on and finished 58 cents lower at $39.78.

April 18, 2016

Natural gas falls 7 cents

Gas struggled again on Friday, with the May future losing 7 cents to settle at $1.90.

April 18, 2016

Crude falls as OPEC/non-OPEC nations struggle to agree

WTI tumbled over a dollar on Friday to settle at $40.36, and is down almost another $2 this morning.

April 15, 2016

Natural gas falls 7 cents

Gas started the session lower on Thursday and never recovered, eventually settling 7 cents lower at $1.97.

April 15, 2016

Crude falls 26 cents

WTI gave back some ground on Thursday, with the front future settling 26 cents lower at $41.50.

April 14, 2016

Natural gas gains 3 cents

Gas played in a tight range on Wednesday, with the front future eventually settling 3 cents higher at $2.04.

April 14, 2016

Crude falls 41 cents

A bit of retracement yesterday in crude markets, with WTI falling 41 cents to settle at $41.76.

April 13, 2016

Natural gas gains 9 cents

Gas reversed Monday's losses at the front of the curve on Tuesday, with the front future gaining 9 cents to settle at $2.00.

April 13, 2016

Crude gains $1.81

Another strong rally in crude markets yesterday. WTI gained close to $2 to settle at $42.17 while Brent gained $1.86 to settle at $44.69.

April 12, 2016

Natural gas falls 8 cents

Did not take gas long to lose its $2 handle, as bearish forecast models over the weekend started the selling early on Monday.

April 12, 2016

Crude gains 64 cents

WTI broke through the $40 level on Monday, with the front future reaching a high of $40.75 before eventually settling 64 cents higher at $40.36.

April 11, 2016

Crude gains $2.46

Crude markets staged a strong rally to finish the week, with WTI gaining $2.46 at the front of the curve to settle at $39.72.

April 11, 2016

Natural gas falls 3 cents

Gas had another quiet session on Friday, with the front future down 3 cents to settle at $1.99.

April 08, 2016

Natural gas gains 11 cents

Gas gained 11 cents on Thursday to settle at $2.02.

April 08, 2016

Crude falls 49 cents, trades higher this morning.

WTI retreated slightly on Thursday, with the front future falling 49 cents to settle at $37.26. This move was not unexpected given the large run up on Wednesday, and crude followed equity markets lower.

April 07, 2016

Natural gas falls 4 cents

Gas dropped another 4 cents on Wednesday to settle at $1.91. Bullish fundamentals remain MIA, as forecasts remain mild and production continues to increase.

April 07, 2016

Crude rallies above $37

Crude markets rallied across the board on Wednesday, with WTI settling $1.86 higher at $37.75.

April 06, 2016

Natural gas falls 4 cents

Gas settled 4 cents lower on Tuesday at $1.95. The contract traded higher early, even testing resistance around $2.05. However after it failed to break through the level it immediately sold off, settling below $2.

April 06, 2016

Crude gains 19 cents on last minute rally

WTI churned along for most of the session before catching a bid heading into the settle.

April 05, 2016

Natural gas gains 4 cents

Gas enjoyed some strength at the front of the curve on Monday, with the prompt contract gaining 4 cents to settle at $2.00.

April 05, 2016

Crude falls $1.09

WTI is falling faster than Shane McMahon did from the top of Hell in the Cell at Wrestlemania, with the May future settling below $36 at $35.70.

April 05, 2016

CAD weakens to 1.3220

Yesterday I felt some astonishment that CAD had managed to remain resilient in the face of weakening crude prices and hawkish comments from Fed Dove Rosengren.

April 04, 2016

Natural gas trades flat

Gas was a snoozer on Friday, with the NYMEX front future settling essentially unchanged at $1.96.

April 04, 2016

Crude falls as OPEC backpedals on production freeze

WTI finished the week with a rough session, falling $1.55 to settle at $36.79.

April 01, 2016

Natural gas falls 4 cents

Gas started the morning optimistic, trading higher in hopes of a bullish inventory report from the EIA.

April 01, 2016

Crude trades flat

It looked like WTI would have a strong rebound session on Thursday, as the curve pushed a $39 handle early on.

March 31, 2016

Natural gas gains a penny

Gas continued the recent trend of testing lower early in the session before rebounding into the settle.

March 31, 2016

Crude trades flat

WTI traded opposite to gas, starting the day off with a rally that fizzled into the close.

March 31, 2016

CAD rallies to 1.2860

It’s been quite the week and we still have US non-farms jobs data to contend with tomorrow.

March 30, 2016

Natural gas gains 5 cents

Gas continued to push higher on Tuesday, with the April future expiring 5 cents higher at $1.90.

March 30, 2016

Crude drifts lower despite Fed comments

WTI struggled on Tuesday, with the May future giving back over a dollar to settle at $38.28.

March 30, 2016

CAD rallies to 1.2915

Well, it’s been a somewhat baffling few weeks as a central bank watcher.

March 29, 2016

Natural gas gains 4 cents

Gas managed to squeeze out a gain across the curve on Monday, with the front future eventually settling 4 cents higher at $1.85.

March 29, 2016

Crude falls 7 cents

WTI had a quiet day on Monday, with the prompt contract settling 7 cents lower at $39.39.

March 24, 2016

Natural gas falls 7 cents

Gas took it on the chin at the front of the curve on Wednesday, settling 7 cents lower at $1.79.

March 24, 2016

Crude falls back below $40

WTI has had a tough last 36 hours, retracing ever since API released inventory numbers Tuesday afternoon.

March 23, 2016

Natural gas gains 3 cents

Gas gained 3 cents on Tuesday to settle at $1.86.

March 22, 2016

Natural gas falls 8 cents

Gas had a rough start to the week on Monday, with the front future falling 8 cents to settle at $1.83.

March 22, 2016

Crude gains 47 cents

WTI for April expired on Monday, rolling off 47 cents higher at $39.91.

March 21, 2016

Natural gas falls 3 cents

No fireworks in gas markets on Friday, with the front future settling 3 cents lower at $1.91.

March 21, 2016

Crude falls 76 cents

WTI traded a $41 handle briefly on Friday before losing ground into the close, eventually settling 76 cents lower at $39.44.

March 21, 2016

CAD consolidating in mid 1.3000s

I must confess CAD has given me some angst and heartburn of late.

March 18, 2016

Natural gas gains 7 cents

Gas gained 7 cents on Thursday to settle at $1.94. The strength was primarily reserved for the front of the curve.

March 18, 2016

Crude settles above $40

The momentum in oil markets continued on Thursday, as WTI gained another $1.74 to settle at $40.20 while Brent gained $1.21 to settle at $41.54.

March 16, 2016

Natural gas gains 3 cents

Gas gained 3 cents on Tuesday to settle at $1.85. The morning started with a push higher, but the front future was unable to break through the $1.90 level.

March 16, 2016

Crude falls 84 cents

WTI picked up where it left on Monday, with the curve selling off again.

March 16, 2016

CAD range trading around 1.3360 as market awaits FOMC rate announcement

Somewhat predictably, market participants have spent the last two days paring USD shorts.

March 15, 2016

Natural gas settles close to unchanged

A snoozer for NYMEX yesterday to start the new week, with the front future settling close to unchanged at $1.82.

March 15, 2016

Crude falls as Iran refuses to freeze production

WTI did not have a strong start to the week, falling $1.32 to settle at $37.18.

March 14, 2016

CAD maintains last week’s gains despite crude rally stalling

Well, I am back after a week away and see CAD has continued to grind into the lower end of what I see the medium term range will be for the next few months.

March 14, 2016

Natural gas gains 3 cents

Gas ground out another gain on Friday, with the front future rising 3 cents to settle at $1.82.

March 14, 2016

Crude settles 66 cents higher, retreats in early trading

WTI settled above $38 on Friday, with the front future gaining 66 cents to finish the week at $38.50. The main driver was an IEA report that showed production in non-OPEC nations was lower than expected.

March 10, 2016

Natural gas gains 4 cents

Gas gained 4 cents on Wednesday to settle at $1.75. Weather in the 6-15 range was supportive, as cooler forecasts are coming across the US to offset the recent warmth.

March 10, 2016

Crude settles above $38

WTI benefited from a large gasoline withdrawal on Wednesday, as the front future gained $1.79 to settle at $38.29. Other signs from the report the bulls will point to is an increase in refinery utilization.

March 09, 2016

Currency: Wednesday, March 9

WTI fell $2.30/bbl yesterday amid weak Chinese trade data sparking concern again over the world’s economy.

March 09, 2016

Natural gas gains 2 cents

Gas saw a small benefit of cooler forecasts in the 6-15 day range at the front of the curve, with the front future gaining 2 cents to settle at $1.71. It was not an exciting day for NYMEX, as the range was a whopping 6 cents.

March 09, 2016

Crude falls $1.40

WTI retreated a bit on Tuesday after a streak of strong sessions.

March 08, 2016

Natural gas gains 2 cents

Gas gained 2 cents on Monday to settle at $1.69. Warmer forecasts over the weekend caused selling pressure early in the session yesterday, however the front future was able to battle back to squeeze a small gain.

March 08, 2016

Crude breaks above the 100-day moving average

The rally in WTI continued on Monday, as the curve broke higher to eventually settle at $37.90.

March 08, 2016

Currency: Tuesday, March 8

Yesterday, the bulls took over as risk sentiment continued its joyous mood in the past week. Iron ore prices had the biggest one-day rise on record and Brent crude traded over $40/bbl. CAD got supported in the risk-on environment.

March 07, 2016

Natural gas gains 3 cents

Gas managed to gain 3 cents at the front of the curve on Friday, settling at $1.67.

March 07, 2016

Crude gains $1.35

WTI continued to churn higher on Friday, with the front month gaining $1.35 to settle at $35.92.

March 04, 2016

Natural gas falls 4 cents

NYMEX gas continued its fall to settle at a fresh cycle low of $1.64 on Thursday.

March 04, 2016

Crude oil falls 9 cents

Volatility continued to diminish amid a quiet day in the oil markets on Thursday. After a short lived rally to $35.30 in the morning, the WTI prompt sold-off and traded in a tight range around the final settle at 34.57.

March 04, 2016

CAD rally extends to 1.3335 as commodity prices firm

CAD has been able to maintain its gains this week, twice rejecting a move above 1.3490, each time recovering back to 1.3415/20 where it was this morning when us jobs data came out.

March 03, 2016

Natural gas falls 6 cents

Gas fell 6 cents on Wednesday to settle at $1.68. Participants were eager to get their shorts on ahead of the inventory report this morning.

March 03, 2016

Crude gains 26 cents

WTI gained 26 cents at the front of the curve on Wednesday, settling at $34.66.

March 02, 2016

Natural gas gains 3 cents

Gas managed a small gain on Tuesday, with the front future gaining three cents to settle at $1.74.

March 02, 2016

Crude gains on positive economic data

WTI gained 65 cents on Tuesday to settle at $34.40, while Brent was up almost a quarter to settle at $36.81. Positive economic data sparked the rally, as manufacturing and construction spending was greater than expected.

March 01, 2016

Natural Gas: Tuesday, March 1

NYMEX gas settled 8 cents lower on Monday at $1.71. I wish there was something new to report, but the narrative remains the same.

March 01, 2016

Crude Oil: Tuesday, March 1

WTI had a nice start to the trading week, with the front future gaining 97 cents to settle at $33.75.

March 01, 2016

CAD stages strong rally

It’s been an eventual session as the market has caught somewhat wrong footed by the extent of the CAD rally. This morning Stats Can released December and Q4 GDP data.

February 26, 2016

Crude Oil: Friday, February 26

WTI staged another rally on Thursday, with the front month gaining 92 cents to settle at $33.07.

February 26, 2016

Natural Gas: Friday, February 26

The bears gave the March gas future a nice send off on Thursday, with the contract expiring 7 cents lower at $1.71.

February 26, 2016

Currency: Friday, February 26

Well, this week has taught me not to make bold statements about market direction when coming back from vacation.

February 25, 2016

Crude Oil: Thursday, February 25

WTI managed to rebound into the close after selling off early. The front future settled 28 cents higher at $32.15.

February 25, 2016

Natural Gas: Thursday, February 25

Gas had a quiet day at the front of the curve on Wednesday, as the front future settled close to unchanged at $1.78.

February 24, 2016

Currency: Wednesday, February 24

Well, took a few days off and see CAD continues to range trade, reacting to various crude headlines.

February 24, 2016

Crude Oil: Wednesday, February 24

WTI tumbled in the first day of April's reign as prompt future, with said front future settling down $1.52 at $31.87.

February 24, 2016

Natural Gas: Wednesday, February 24

Gas gave up early gains on Tuesday and eventually settled 4 cents lower at $1.78.

February 23, 2016

Crude Oil: Tuesday, February 23

WTI gained $1.84 to start the week, settling at $31.48 as the March contract rolled off.

February 23, 2016

Natural Gas: Tuesday, February 23

Gas continues to try and hold on at the front of the curve, with the front future settling 2 cents higher.

February 22, 2016

Currency: Monday, February 22

Brexit, the topic that everybody is talking about over the weekend. UK has set a date to vote on whether to stay...

February 19, 2016

Crude Oil: Friday, February 19

WTI struggled for traction on Thursday, with some selling further out the curve while the front future managed to...

February 18, 2016

Natural Gas: Thursday, February 18

Gas managed to stage a small rally on Wednesday, gaining 4 cents at the front of the curve to settle at $1.94.

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