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Recap: The crude oil market traded higher on Tuesday as the market weighed geopolitical risks and stronger than expected U.S. economic growth. The potential sales of Venezuelan crude seized by the […]
**Sprague Natural Gas MarketWatch will be on hiatus until the New Year** Monday, December 22nd saw the front-month NYMEX Natural Gas contract open at $3.965, $0.019 below Friday’s closing price […]
Recap: The oil market traded higher on Monday on increasing geopolitical risk with the U.S. intercepting an oil tanker in the international waters off the coast of Venezuela and tensions […]
Recap: The oil market on Friday continued to trade mostly sideways as the market continued to weigh the prospects of a Russia-Ukraine peace deal against the concerns of the increasing […]
Friday, December 19th saw the front-month NYMEX Natural Gas contract open at $3.876, $0.032 below Thursday’s closing price of $3.908. Recording the intraday low of $3.875 within minutes of the […]
Recap: The oil market steadied as the market assessed the likelihood of further U.S. sanctions against Russia and the impact of a blockade of Venezuelan oil tankers. On Wednesday, Bloomberg […]
Thursday, December 18th saw the front-month NYMEX Natural Gas contract open at $4.167, $0.143 above Wednesday’s closing price of $4.024. Continuing the previous session’s oversold rally prior to the opening […]
Wednesday, December 17th saw the front-month NYMEX Natural Gas contract open at $4.021, $0.135 above Tuesday’s closing price of $3.886. Jumping higher overnight despite no changes to market fundamentals, analysts […]
Recap: The oil market on Wednesday retraced Tuesday losses in anticipation of a potential reduction in Venezuelan exports. U.S. President Donald Trump ordered a blockade of all sanctioned oil tankers […]
Recap: The oil market continued to trend lower as prospects for a Russia-Ukraine peace deal appeared to strengthen. On Monday, the U.S. offered to provide NATO-style security guarantees for Ukraine, […]