Energy Futures Plunge on NYMEX
Update: 2025-12-31
Description
Energy futures, including crude oil, gasoline, and heating oil, experienced significant declines on the New York Mercantile Exchange, with natural gas also seeing a slight drop. The front-month February twenty twenty-six crude oil contract settled at fifty-seven dollars and forty-two cents, down fifty-three cents. Gasoline futures, or RBOB, saw sharper drops, with the January twenty twenty-six contract closing at two hundred twelve dollars and six cents, down nearly three dollars. Heating oil also weakened, with the February twenty twenty-six contract at three dollars and sixty-eight cents, off twenty-five cents. Natural gas futures slid too, with the February contract ending at one dollar and seventy-one cents, down about eighteen points. Volumes picked up, with estimated crude sales at three hundred ninety-four thousand eight hundred fifty contracts, up from Tuesdays three hundred thirty-eight thousand. Open interest dipped across commodities, signaling some positions unwinding. Traders watched these moves closely amid steady demand signals, setting the stage for Thursdays action. Checkout Solipillow.com
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