{"id":3916,"date":"2023-12-27T05:00:00","date_gmt":"2023-12-27T05:00:00","guid":{"rendered":"https:\/\/spragueoperati.wpenginepowered.com\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/"},"modified":"2023-12-27T05:00:00","modified_gmt":"2023-12-27T05:00:00","slug":"thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend","status":"publish","type":"post","link":"https:\/\/www.spragueenergy.com\/fr\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/","title":{"rendered":"Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend"},"content":{"rendered":"<p><strong><u>Recap<\/u><\/strong>:&nbsp; The oil market posted an outside trading day, with thin volume trading on Monday following the long Christmas holiday weekend. The market breached its previous low of $73.39 and posted a low of $73.13 in overnight trading as Denmark&rsquo;s Maersk said on Sunday it planned to resume shipments through the Red Sea &ldquo;as soon as operationally possible&rdquo; after a U.S.-led force was deployed to protect vessels from attacks by Houthi rebels. However, the market bounced off its low and rallied over 3% to a high of $76.18 by mid-day. The market was well supported following the news that a British maritime authority said explosions in the Red Sea off the coast of Yemen were reported on Tuesday after sightings of unmanned aircraft and missiles in two separate incidents. The oil market was also supported by optimism that the U.S. Federal Reserve would soon start cutting interest rates, which would help increase global economic growth and fuel demand. The February WTI contract later erased some of its sharp gains ahead of the close and settled up $2.01 at $75.57. The February Brent contract settled up $2 at $81.07. Meanwhile, the product markets also settled in positive territory, with the heating oil market settling up 76 points at $2.6688 and the RB market settling up 2.82 cents at $2.1583.<\/p>\n<p><strong><u>Technical Analysis<\/u><\/strong>:&nbsp; The oil market will likely retrace some of its sharp gains on Wednesday before it continues to trend higher on the geopolitical tensions in the Middle East. The crude market is seen finding resistance at its high of $76.18, $76.81 followed by more distant upside at $79.67. Meanwhile, support is seen at $75.05, $73.95, its low of $73.13 and $73.05. Further support is seen at $72.44, $72.14, $72.08, $71.11, followed by $70.99, $70.64, $69.82 and $67.98.<\/p>\n<p><strong><u>Fundamental News<\/u><\/strong>:&nbsp; The U.S. Department of Energy said the U.S. has finalized contracts to purchase three million barrels of oil for the Strategic Petroleum Reserve.<\/p>\n<p>A British maritime authority said explosions in the Red Sea off the coast of Yemen were reported on Tuesday after sightings of unmanned aircraft and missiles in two separate incidents. United Kingdom Maritime Trade Operations Authority said two unmanned aircraft were observed before two explosions occurred 5 nautical miles from a vessel located 50 nautical miles west of Hodeidah on Yemen&#39;s west coast. In an apparent separate incident, explosions were heard and missiles were seen 4 nautical miles from a vessel 60 nautical miles from Hodeidah. It was not immediately clear if the incidents involved the same vessel, which the authority did not identify. In both incidents the vessel and crew were reported to be safe.<\/p>\n<p>Yemen&#39;s Houthi military spokesman Yahya Sarea said the group launched an attack with missiles on a MSC United commercial ship in the Red Sea after it rejected three warning calls. He also said the group carried out drone attacks on the southern Israeli city of Eilat &quot;and other areas in occupied Palestine.&quot;<\/p>\n<p>Germany&#39;s Hapag-Lloyd will decide on Wednesday how it will proceed with its Red Sea routes after suspending shipments there in response to safety concerns. Several firms stopped transiting the Red Sea after attacks earlier in December against ships, disrupting global trade through the Suez Canal. On Monday, Denmark&#39;s Maersk said it was preparing to resume shipping operations in the Red Sea and the Gulf of Aden, citing the deployment of a U.S.-led military operation designed to ensure the safety of commerce in the area.<\/p>\n<p>France&#39;s CMA CGM is planning a gradual increase in the number of vessels transiting through the Suez Canal.<\/p>\n<p><strong><u>Early<\/u><u> Market Call &#8211; as of 11:00 AM EDT<\/u><\/strong><\/p>\n<p>WTI &#8211; February $74.89, down 68 cents<\/p>\n<p>RBOB &#8211; January $2.1846, up 2.79 cents<\/p>\n<p>HO &#8211; January $2.6707, up 19 points<\/p>\n<p>\nView the Sprague Refined Products Market Watch Report in a downloadable pdf format by clicking below.<\/p>\n<p><strong>Click to view more online:<br \/>\n<a href=\"https:\/\/www.spragueenergy.com\/fr\/heating-oil\/\" target=\"_blank\" rel=\"noopener\">Heating Oil Supplier<\/a><\/strong><br \/>\n<strong><a href=\"https:\/\/www.spragueenergy.com\/fr\/diesel\/\" target=\"_blank\" rel=\"noopener\">Diesel Supplier<\/a><\/strong><br \/>\n<strong><a alt=\"http:\/\/www.spragueenergy.com\/refinedproducts\/market-intel\" href=\"https:\/\/www.spragueenergy.com\/fr\/newsroom\/\" linktype=\"1\" shape=\"rect\" target=\"_blank\" track=\"on\" rel=\"noopener\">View market updates<\/a><\/strong><br \/>\n<strong><a alt=\"http:\/\/www.spragueenergy.com\/refinedproducts\/additional-resources\/glossary\" href=\"https:\/\/www.spragueenergy.com\/fr\/energy-explained\/refined-products-glossary\/\" linktype=\"1\" shape=\"rect\" target=\"_blank\" track=\"on\" rel=\"noopener\">View our refined products glossary<\/a><\/strong><br \/>\n<strong><a alt=\"http:\/\/www.spragueport.com\" href=\"https:\/\/www.spragueenergy.com\/fr\/extranet\/login.aspx\/\" linktype=\"1\" shape=\"rect\" target=\"_blank\" track=\"on\" rel=\"noopener\">Go to SpraguePORT online<\/a><\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Recap:&nbsp; The oil market posted an outside trading day, with thin volume trading on Monday following the long Christmas holiday weekend. The market breached its previous low of $73.39 and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[21,191,23,20,1,190],"tags":[],"class_list":["post-3916","post","type-post","status-publish","format-standard","hentry","category-crude","category-delivered-fuel","category-gasoline","category-heating-oil","category-market-insights","category-wholesale-fuel"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend - Sprague Energy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.spragueenergy.com\/fr\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend\" \/>\n<meta property=\"og:description\" content=\"Recap:&nbsp; The oil market posted an outside trading day, with thin volume trading on Monday following the long Christmas holiday weekend. The market breached its previous low of $73.39 and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.spragueenergy.com\/fr\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/\" \/>\n<meta property=\"og:site_name\" content=\"Sprague Energy\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-27T05:00:00+00:00\" \/>\n<meta name=\"author\" content=\"spragueoperati\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"spragueoperati\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimation du temps de lecture\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\\\/\"},\"author\":{\"name\":\"spragueoperati\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/9b09746ffff0d67ccf4d7532322e8e5e\"},\"headline\":\"Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend\",\"datePublished\":\"2023-12-27T05:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\\\/\"},\"wordCount\":653,\"commentCount\":0,\"articleSection\":[\"Crude\",\"Delivered Fuel\",\"Gasoline\",\"Heating Oil\",\"Market Insights\",\"Wholesale Fuel\"],\"inLanguage\":\"fr-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\\\/\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\\\/\",\"name\":\"Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend - Sprague Energy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#website\"},\"datePublished\":\"2023-12-27T05:00:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/9b09746ffff0d67ccf4d7532322e8e5e\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\\\/#breadcrumb\"},\"inLanguage\":\"fr-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.spragueenergy.com\\\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.spragueenergy.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#website\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/\",\"name\":\"Sprague Energy\",\"description\":\"Our Energy Makes the Difference\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.spragueenergy.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-CA\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/9b09746ffff0d67ccf4d7532322e8e5e\",\"name\":\"spragueoperati\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ddb7249c37734965024648c8287367aaf55018e805c8a9a4bcd33efed51fa88?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ddb7249c37734965024648c8287367aaf55018e805c8a9a4bcd33efed51fa88?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ddb7249c37734965024648c8287367aaf55018e805c8a9a4bcd33efed51fa88?s=96&d=mm&r=g\",\"caption\":\"spragueoperati\"},\"sameAs\":[\"https:\\\/\\\/www.spragueenergy.com\"],\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/fr\\\/author\\\/spragueoperati\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend - Sprague Energy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.spragueenergy.com\/fr\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/","og_locale":"fr_CA","og_type":"article","og_title":"Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend","og_description":"Recap:&nbsp; The oil market posted an outside trading day, with thin volume trading on Monday following the long Christmas holiday weekend. The market breached its previous low of $73.39 and [&hellip;]","og_url":"https:\/\/www.spragueenergy.com\/fr\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/","og_site_name":"Sprague Energy","article_published_time":"2023-12-27T05:00:00+00:00","author":"spragueoperati","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"spragueoperati","Estimation du temps de lecture":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.spragueenergy.com\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/#article","isPartOf":{"@id":"https:\/\/www.spragueenergy.com\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/"},"author":{"name":"spragueoperati","@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/9b09746ffff0d67ccf4d7532322e8e5e"},"headline":"Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend","datePublished":"2023-12-27T05:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.spragueenergy.com\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/"},"wordCount":653,"commentCount":0,"articleSection":["Crude","Delivered Fuel","Gasoline","Heating Oil","Market Insights","Wholesale Fuel"],"inLanguage":"fr-CA"},{"@type":"WebPage","@id":"https:\/\/www.spragueenergy.com\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/","url":"https:\/\/www.spragueenergy.com\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/","name":"Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend - Sprague Energy","isPartOf":{"@id":"https:\/\/www.spragueenergy.com\/#website"},"datePublished":"2023-12-27T05:00:00+00:00","author":{"@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/9b09746ffff0d67ccf4d7532322e8e5e"},"breadcrumb":{"@id":"https:\/\/www.spragueenergy.com\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/#breadcrumb"},"inLanguage":"fr-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.spragueenergy.com\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.spragueenergy.com\/thin-volume-trading-on-monday-following-the-long-christmas-holiday-weekend\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.spragueenergy.com\/"},{"@type":"ListItem","position":2,"name":"Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend"}]},{"@type":"WebSite","@id":"https:\/\/www.spragueenergy.com\/#website","url":"https:\/\/www.spragueenergy.com\/","name":"Sprague Energy","description":"Our Energy Makes the Difference","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.spragueenergy.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-CA"},{"@type":"Person","@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/9b09746ffff0d67ccf4d7532322e8e5e","name":"spragueoperati","image":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/6ddb7249c37734965024648c8287367aaf55018e805c8a9a4bcd33efed51fa88?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ddb7249c37734965024648c8287367aaf55018e805c8a9a4bcd33efed51fa88?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ddb7249c37734965024648c8287367aaf55018e805c8a9a4bcd33efed51fa88?s=96&d=mm&r=g","caption":"spragueoperati"},"sameAs":["https:\/\/www.spragueenergy.com"],"url":"https:\/\/www.spragueenergy.com\/fr\/author\/spragueoperati\/"}]}},"terminal":null,"_links":{"self":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts\/3916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/comments?post=3916"}],"version-history":[{"count":0,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts\/3916\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/media?parent=3916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/categories?post=3916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/tags?post=3916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}