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Oil Futures Ended Higher for the Second Straight Session on Monday

By spragueoperati | June 28, 2022 | Comments Off on Oil Futures Ended Higher for the Second Straight Session on Monday

Recap: Oil futures ended higher for the second straight session on Monday as better-than-expected U.S. economic data quelled concerns over a potential slowdown in energy demand. Traders were also focused on […]

July NYMEX Natural Gas Futures Contract Closed at $6.220 on Friday, June 24th

By spragueoperati | June 27, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $6.220 on Friday, June 24th

Friday, June 24th saw the July NYMEX Natural Gas Futures Contract open at $6.282, four cents below Thursday’s closing price of $ $6.239. Slipping to the intraday low of $6.067 […]

Oil Futures Rose by More Than $4.00 a Barrel on Friday Before Paring Gains

By spragueoperati | June 27, 2022 | Comments Off on Oil Futures Rose by More Than $4.00 a Barrel on Friday Before Paring Gains

Recap: Oil futures rose by more than $4.00 a barrel on Friday before paring gains, supported by tight supplies but limited to the upside by concern that rising interest rates […]

July NYMEX Natural Gas Futures Contract Closed at $6.239 on Thursday, June 23rd

By spragueoperati | June 24, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $6.239 on Thursday, June 23rd

Thursday, June 23rd saw the July NYMEX Natural Gas Futures Contract open at $6.711, fifteen cents below Wednesday’s closing price of $6.858. Achieving the intraday high of $6.795 by 9:15AM, […]

Investors Weighed the Risk that Rising U.S. Interest Rates Could Triggers a Recession and Cut Demand for Fuel

By spragueoperati | June 24, 2022 | Comments Off on Investors Weighed the Risk that Rising U.S. Interest Rates Could Triggers a Recession and Cut Demand for Fuel

Recap: At one point during the trading session, oil prices fell by more than $3 a barrel on Thursday in volatile trading as investors weighed the risk that rising U.S. […]

July NYMEX Natural Gas Futures Contract Closed at $6.858 on Wednesday, June 22nd

By spragueoperati | June 23, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $6.858 on Wednesday, June 22nd

Wednesday, June 22nd saw the July NYMEX Natural Gas Futures Contract open at $6.622, nearly nineteen cents below Tuesday’s closing price of $6.808. Slipping to an intraday low of $6.588 […]

Renewed Fears of a Recession Helped Fuel the Sell-Off

By spragueoperati | June 23, 2022 | Comments Off on Renewed Fears of a Recession Helped Fuel the Sell-Off

Recap: Oil futures fell on Wednesday, with WTI settling at its lowest level in approximately six weeks. Rising demand concerns, the prospect of a U.S. gasoline tax holiday, and renewed […]

July NYMEX Natural Gas Futures Contract Closed at $6.808 on Tuesday, June 21st

By spragueoperati | June 22, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $6.808 on Tuesday, June 21st

Tuesday, June 21st saw the July NYMEX Natural Gas Futures Contract open at $6.691, twenty-five cents below Friday’s closing price of $6.944. Slipping to an intraday low of $6.652 at […]

Oil Prices Climbed on High Summer Fuel Demand While Supplies Remained Tight

By spragueoperati | June 22, 2022 | Comments Off on Oil Prices Climbed on High Summer Fuel Demand While Supplies Remained Tight

Recap:  Oil futures climbed Tuesday, with U.S. prices recouping a portion of the more than 9% loss last week. Oil prices climbed on high summer fuel demand while supplies remained […]

The Markets Remained Concerned About an Economic Slowdown

By spragueoperati | June 21, 2022 | Comments Off on The Markets Remained Concerned About an Economic Slowdown

Recap:  The energy complex sold off sharply on Friday, led by the RBOB market, as the markets remained concerned about an economic slowdown. The oil market extended its losses of […]