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March NYMEX Natural Gas Futures Contract Closed at $2.456 on Thursday, February 2nd

By spragueoperati | February 3, 2023 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.456 on Thursday, February 2nd

Thursday, February 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.536 seven cents above Wednesday’s closing price of $2.468. Trading within a narrow band along $2.530 leading up […]

Inventory Report Showing Builds Across the Board

By spragueoperati | February 3, 2023 | Comments Off on Inventory Report Showing Builds Across the Board

Recap:  The oil market continued on its downward trend on Thursday following Wednesday’s sell off on the inventory report showing builds across the board and the OPEC+ decision to leave its […]

March NYMEX Natural Gas Futures Contract Closed at $2.468 on Wednesday, February 1st

By spragueoperati | February 2, 2023 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.468 on Wednesday, February 1st

Wednesday, February 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.622 six cents below Tuesday’s closing price of $2.684. Reaching the intraday high of $2.637 near 9:30AM, […]

OPEC+’s Joint Ministerial Monitoring Committee Recommended Making No Changes to its Output Policy

By spragueoperati | February 2, 2023 | Comments Off on OPEC+’s Joint Ministerial Monitoring Committee Recommended Making No Changes to its Output Policy

Recap:  The oil market posted an outside trading day on Wednesday, trading to its high in overnight trading ahead of the OPEC+ meeting and EIA inventory report before it gave up […]

March NYMEX Natural Gas Futures Contract Closed at $2.684 on Tuesday, January 31st

By spragueoperati | February 1, 2023 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.684 on Tuesday, January 31st

Tuesday, January 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.634, four cents below Monday’s closing price of $2.677. Marking the intraday low of $2.614 within minutes […]

The U.S. Dollar Pared Early Gains and the Equities Markets Opened Higher

By spragueoperati | February 1, 2023 | Comments Off on The U.S. Dollar Pared Early Gains and the Equities Markets Opened Higher

Recap: The oil market on Tuesday rebounded from its earlier lows as the U.S. dollar pared early gains and the equities markets opened higher after wage growth data signaled easing […]

March NYMEX Natural Gas Futures Contract Closed at $2.677 on Monday, January 30th

By spragueoperati | January 31, 2023 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.677 on Monday, January 30th

Monday, January 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.676, seventeen cents below Friday’s closing price of $2.849. Losing ground over the weekend, updated forecasts reduced […]

The Oil Market Extended its Losses Ahead of Increases in Interest Rates

By spragueoperati | January 31, 2023 | Comments Off on The Oil Market Extended its Losses Ahead of Increases in Interest Rates

Recap:  The oil market extended its losses ahead of increases in interest rates by major central banks and signs of strong Russian exports, offset rising tensions in the Middle East […]

March NYMEX Natural Gas Futures Contract Closed at $2.849 on Friday, January 27th

By spragueoperati | January 30, 2023 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.849 on Friday, January 27th

Friday, January 27th saw the February NYMEX Natural Gas Futures Contract open at $2.830, twenty-four cents below Wednesday’s closing price of $2.944. February settled higher on Friday at $3.109. The […]

The Crude Market Extended Thursday’s Gains and Breached its Previous High

By spragueoperati | January 30, 2023 | Comments Off on The Crude Market Extended Thursday’s Gains and Breached its Previous High

Recap:  The oil market on Friday posted an outside trading day, as it reversed its early gains and sold off as traders booked profits ahead of the weekend and the […]