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Oil Futures Rebounded on Thursday, but Remained Near Eight-Month Lows

By spragueoperati | September 9, 2022 | Comments Off on Oil Futures Rebounded on Thursday, but Remained Near Eight-Month Lows

Recap: Oil futures rebounded on Thursday, but remained near eight-month lows, as China’s extension of COVID restrictions exacerbated concerns a slowdown in global economic activity would hit fuel demand. Prices also […]

October NYMEX Natural Gas Futures Contract Closed at $7.842 on Wednesday, September 7th

By spragueoperati | September 8, 2022 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $7.842 on Wednesday, September 7th

Wednesday, September 7th saw the October NYMEX Natural Gas Futures Contract open at $8.038, eleven cents below Tuesday’s closing price of $8.145. Struggling to find support over the past few […]

Oil Futures Fell on Wednesday to Their Lowest Level in Eight Months

By spragueoperati | September 8, 2022 | Comments Off on Oil Futures Fell on Wednesday to Their Lowest Level in Eight Months

Recap:  Oil futures fell on Wednesday to their lowest level in eight months, as concerns intensified that a global economic downturn will hurt demand for energy. The economically disappointing news […]

October NYMEX Natural Gas Futures Contract Closed at $8.145 on Tuesday, September 6th

By spragueoperati | September 7, 2022 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $8.145 on Tuesday, September 6th

Tuesday, September 6th saw the October NYMEX Natural Gas Futures Contract open at $8.404, thirty-eight cents below Friday’s closing price of $8.786. Following the long weekend, prices trended lower as […]

Oil Futures Were Widely Mixed, With U.S. Oil Futures Ending Little Changed

By spragueoperati | September 7, 2022 | Comments Off on Oil Futures Were Widely Mixed, With U.S. Oil Futures Ending Little Changed

Recap:  Oil futures were widely mixed, with U.S. oil futures ending little changed on Tuesday, as U.S. traders, who were off for a the U.S. Labor Day holiday, reacted to […]

October NYMEX Natural Gas Futures Contract Closed at $8.786 on Friday, September 2nd

By spragueoperati | September 6, 2022 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $8.786 on Friday, September 2nd

Friday, September 2nd saw the October NYMEX Natural Gas Futures Contract open at $9.088, seventeen cents below Thursday’s closing price of $9.262. Marking the intraday high of $9.090 moments after […]

Traders Squared Positions Ahead of the Long U.S. Labor Day Weekend

By spragueoperati | September 6, 2022 | Comments Off on Traders Squared Positions Ahead of the Long U.S. Labor Day Weekend

Recap:  Crude oil futures jumped on Friday as traders squared positions ahead of the long U.S. Labor Day weekend and Monday’s OPEC+ meeting at which members are expected to discuss […]

October NYMEX Natural Gas Futures Contract Closed at $9.262 on Thursday, September 1st

By spragueoperati | September 2, 2022 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $9.262 on Thursday, September 1st

Thursday, September 1st saw the October NYMEX Natural Gas Futures Contract open at $9.153, three cents above Wednesday’s closing price of $9.127. Marking the intraday low of $9.106 within minutes […]

Supply Has Been Slowly Increasing, Largely Due to the U.S. Shale Boom

By spragueoperati | September 2, 2022 | Comments Off on Supply Has Been Slowly Increasing, Largely Due to the U.S. Shale Boom

Recap:  Crude oil futures fell by more than 3% on Thursday, as thoughts of a global economic slowdown instilled demand fear in traders. Western demand for oil, as well as […]

October NYMEX Natural Gas Futures Contract Closed at $9.127 on Wednesday, August 31st

By spragueoperati | September 1, 2022 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $9.127 on Wednesday, August 31st

Wednesday, August 31st saw the October NYMEX Natural Gas Futures Contract open at $8.992, five cents below Tuesday’s closing price of $9.042. Trailing downward to mark the intraday low of […]