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January NYMEX Natural Gas Futures Contract Closed at $3.708 on Tuesday, December 7th

By spragueoperati | December 8, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $3.708 on Tuesday, December 7th

Tuesday, December 7th saw the front-month NYMEX Natural Gas Futures Contract open at $3.756, ten cents above Monday’s closing price of $3.657. Ascending to an intraday high of $3.829 by […]

Oil prices were up over 3%, extending the previous day’s rebound of almost 5%

By spragueoperati | December 8, 2021 | Comments Off on Oil prices were up over 3%, extending the previous day’s rebound of almost 5%

Recap: Oil futures resumed their uptick Tuesday, on optimism that the omicron variant of coronavirus may not be as severe as first feared, easing demand concerns going forward. Oil prices were […]

January NYMEX Natural Gas Futures Contract Closed at $3.657 on Monday, December 7th

By spragueoperati | December 7, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $3.657 on Monday, December 7th

Monday, December 6th saw the front-month NYMEX Natural Gas Futures Contract open at $3.752, thirty-eight cents below Friday’s closing price of $4.132. As warmer-than-average weather continues to plague much of […]

Oil futures settled at their highest level in a week

By spragueoperati | December 7, 2021 | Comments Off on Oil futures settled at their highest level in a week

Recap: Oil futures settled at their highest level in a week, rising nearly 5% as fear over the omicron variant of coronavirus eased. Other factors, including a move by the Saudis […]

January NYMEX Natural Gas Futures Contract Closed at $4.132 on Friday, December 3rd

By spragueoperati | December 6, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $4.132 on Friday, December 3rd

Friday, December 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $4.172, twelve cents above Thursday’s closing price of $4.056. Slipping to an intraday low of $4.113 at […]

OPEC+ stated that it could review its production policy at short notice if oil demand fell due to a rising number of lockdowns

By spragueoperati | December 6, 2021 | Comments Off on OPEC+ stated that it could review its production policy at short notice if oil demand fell due to a rising number of lockdowns

Recap: On Friday, the oil market continued to trend higher following Thursday's rebound from its lows following OPEC’s decision to stick to its existing policy of monthly output increases of 400,000 […]

January NYMEX Natural Gas Futures Contract Closed at $4.056 on Thursday, December 2nd

By spragueoperati | December 3, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $4.056 on Thursday, December 2nd

Thursday, December 2nd – saw the front-month NYMEX Natural Gas Futures Contract open at $4.209, five cents below Wednesday’s closing price of $4.258. Ascending to trade along $4.280 by 9:30AM […]

Organization of Petroleum Exporting Countries and their allies decided to rollover their current policy and raise monthly overall production

By spragueoperati | December 3, 2021 | Comments Off on Organization of Petroleum Exporting Countries and their allies decided to rollover their current policy and raise monthly overall production

Recap: Trading in the oil markets was volatile on Thursday, with oil prices trading lower after the Organization of Petroleum Exporting Countries and their allies decided to rollover their current policy […]

January NYMEX Natural Gas Futures Contract Closed at $4.258 on Wednesday, December 1st

By spragueoperati | December 2, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $4.258 on Wednesday, December 1st

Wednesday, December 1st saw the front-month NYMEX Natural Gas Futures Contract open at $4.420, nearly fifteen cents below Tuesday’s closing price of $4.567. Marking an intraday high of $4.431 within […]

OPEC+ began a two day meeting to decide on supply plans for 2022

By spragueoperati | December 2, 2021 | Comments Off on OPEC+ began a two day meeting to decide on supply plans for 2022

Recap: Oil futures gave back early gains, falling to a fresh three-month low after the EIA issued a bearish inventory report, as OPEC+ began a two day meeting to decide on […]