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October NYMEX Natural Gas Futures Contract Closed at $7.752 on Monday, September 19th

By spragueoperati | September 20, 2022 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $7.752 on Monday, September 19th

Monday, September 19th saw the October NYMEX Natural Gas Futures Contract open at $7.436, thirty-three cents below Friday’s closing price of $7.764. Losing ground overnight in a continuation of Friday’s […]

Global Demand Could Slow Due to a Strong U.S. Dollar and Possible Large Increases to Interest Rates

By spragueoperati | September 20, 2022 | Comments Off on Global Demand Could Slow Due to a Strong U.S. Dollar and Possible Large Increases to Interest Rates

Recap:  Oil prices held steady in volatile trading on Monday, as traders balanced worries about tight supplies with fears that global demand could slow due to a strong U.S. dollar […]

October NYMEX Natural Gas Futures Contract Closed at $7.764 on Friday, September 16th

By spragueoperati | September 19, 2022 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $7.764 on Friday, September 16th

Friday, September 16th saw the October NYMEX Natural Gas Futures Contract open at $8.022, thirty cents below Thursday’s closing price of $8.324. Lacking any material changes to fundamentals, the contract […]

Concern Over Tight Supplies was Outweighed by Escalating Fear of Sharp Interest Rate Hikes

By spragueoperati | September 19, 2022 | Comments Off on Concern Over Tight Supplies was Outweighed by Escalating Fear of Sharp Interest Rate Hikes

Recap:  Oil prices dipped in early trade on Friday, extending the week's losses as concern over tight supply was outweighed by escalating fear of sharp interest rate hikes slamming global […]

October NYMEX Natural Gas Futures Contract Closed at $8.324 on Thursday, September 15th

By spragueoperati | September 16, 2022 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $8.324 on Thursday, September 15th

Thursday, September 15th saw the October NYMEX Natural Gas Futures Contract open at $8.562, fifty-five cents below Wednesday’s closing price of $9.114. Marking the intraday high of $8.573 within minutes […]

Oil Futures Declined on Thursday, with U.S. Prices Settling at Their Lowest in a Week

By spragueoperati | September 16, 2022 | Comments Off on Oil Futures Declined on Thursday, with U.S. Prices Settling at Their Lowest in a Week

Recap: Oil futures declined on Thursday, with U.S. prices settling at their lowest in a week. Oil fundamentals are still mostly bearish as China's demand outlook remains a big question mark […]

October NYMEX Natural Gas Futures Contract Closed at $9.114 on Wednesday, September 14th

By spragueoperati | September 15, 2022 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $9.114 on Wednesday, September 14th

Wednesday, September 14th saw the October NYMEX Natural Gas Futures Contract open at $8.605, thirty-two cents above Tuesday’s closing price of $8.284. Marking the intraday low of $8.599 within minutes […]

Biden Administration May Consider Refilling the Nation’s Strategic Petroleum Reserve

By spragueoperati | September 15, 2022 | Comments Off on Biden Administration May Consider Refilling the Nation’s Strategic Petroleum Reserve

Recap: Oil futures settled higher on Wednesday, buoyed in part by a report from Bloomberg Tuesday that said the Biden administration may consider refilling the nation's Strategic Petroleum Reserve when […]

October NYMEX Natural Gas Futures Contract Closed at $8.284 on Tuesday, September 13th

By spragueoperati | September 14, 2022 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $8.284 on Tuesday, September 13th

Tuesday, September 13th saw the October NYMEX Natural Gas Futures Contract open at $8.403, fifteen cents above Monday’s closing price of 8.249. Recording the intraday high of $8.412 as the […]

The Oil Market Posted an Outside Trading Day After the Market Traded Lower

By spragueoperati | September 14, 2022 | Comments Off on The Oil Market Posted an Outside Trading Day After the Market Traded Lower

Recap:  On Tuesday, the oil market posted an outside trading day after the market traded lower, reversing its earlier gains as U.S. consumer prices unexpectedly increased in August. The oil […]