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Crude oil market supported by stronger than expect jobs report

Par spragueoperati | juillet 8, 2019 | Commentaires fermés sur Crude oil market supported by stronger than expect jobs report

Recap: The oil market continued to trade within its recent trading range on Friday, following the 4th of July holiday.  The market sold off to a low of $56.29 early […]

August NYMEX Natural Gas Futures Contract Closed at $2.418 on Friday, July 5th

Par spragueoperati | juillet 8, 2019 | Commentaires fermés sur August NYMEX Natural Gas Futures Contract Closed at $2.418 on Friday, July 5th

Friday, July 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.343, five cents above Wednesday’s closing price of $2.290.  Ascending from the intraday low as markets opened, […]

August NYMEX Natural Gas Futures Contract Closed at $2.290 on Wednesday, July 3rd

Par spragueoperati | juillet 5, 2019 | Commentaires fermés sur August NYMEX Natural Gas Futures Contract Closed at $2.290 on Wednesday, July 3rd

Wednesday, July 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.269, three cents above Tuesday’s closing price of $2.240.  In a relatively quiet session as the July […]

API report provided support to market with larger than expected draw in crude stocks

Par spragueoperati | juillet 5, 2019 | Commentaires fermés sur API report provided support to market with larger than expected draw in crude stocks

Recap: The crude market traded mostly sideways in overnight trading before it breached its previous low and posted a low of $56.04.  The market bounced off that level and rallied […]

OPEC and non-OPEC agreed to extend their output cuts until March 2020

Par spragueoperati | juillet 3, 2019 | Commentaires fermés sur OPEC and non-OPEC agreed to extend their output cuts until March 2020

Recap: The oil market on Tuesday fell sharply lower as concerns about the global economy outweighed the OPEC and non-OPEC agreement to extend their output cuts until March 2020.  Growth […]

August NYMEX Natural Gas Futures Contract Closed at $2.240 on Tuesday, July 2nd

Par spragueoperati | juillet 3, 2019 | Commentaires fermés sur August NYMEX Natural Gas Futures Contract Closed at $2.240 on Tuesday, July 2nd

Tuesday, July 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.275, slightly above Monday’s closing price of $2.267.  Marking an intraday high of $2.281 within minutes of […]

The oil market rallied higher on Monday morning

Par spragueoperati | juillet 2, 2019 | Commentaires fermés sur The oil market rallied higher on Monday morning

Recap: The oil market rallied higher on Monday morning as OPEC and non-OPEC producers looked set to extend their supply cuts until at least the end of 2019.  The crude […]

August NYMEX Natural Gas Futures Contract Closed at $2.267 on Monday, July 1st

Par spragueoperati | juillet 2, 2019 | Commentaires fermés sur August NYMEX Natural Gas Futures Contract Closed at $2.267 on Monday, July 1st

Monday, July 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.259, five cents below Friday’s closing price of $2.308.  Faltering from last week’s highs as reality fell […]

The EIA reported that US oil production in April increased to a new monthly high of 12.16 million bpd

Par spragueoperati | juillet 1, 2019 | Commentaires fermés sur The EIA reported that US oil production in April increased to a new monthly high of 12.16 million bpd

Recap: With the G20 summit and the OPEC meeting just days away, WTI hovered close to the $60.00 level for most of the session, while Brent held near $67.00 a […]

August NYMEX Natural Gas Futures Contract Closed at $2.308 on Friday, June 28th

Par spragueoperati | juillet 1, 2019 | Commentaires fermés sur August NYMEX Natural Gas Futures Contract Closed at $2.308 on Friday, June 28th

Friday, June 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.312, a penny below Thursday’s closing price of $2.324.  Riding the previous session’s storage induced momentum early […]