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The oil market continued to trade lower for a seventh consecutive session

By spragueoperati | August 23, 2021 | Comments Off on The oil market continued to trade lower for a seventh consecutive session

Recap: On Friday, the oil market continued to trade lower for a seventh consecutive session, extending the week’s decline to 8.9%, ahead of the September crude contract’s expiration at the close.  […]

 The oil market continued on its downward trend

By spragueoperati | August 20, 2021 | Comments Off on  The oil market continued on its downward trend

Recap: The oil market continued on its downward trend on Thursday, falling for a sixth consecutive session.  The market sold off sharply as it was once again pressured by a stronger […]

September NYMEX Natural Gas Futures Contract Closed at $3.852 on Wednesday, August 18th

By spragueoperati | August 19, 2021 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $3.852 on Wednesday, August 18th

Wednesday, August 18th saw the front-month NYMEX Natural Gas Futures Contract open at $3.865, four cents below Tuesday’s closing price of $3.826. The price dropped sharply in the first hour […]

The EIA reported a larger than expected draw in U.S. crude inventories of 3.2 million barrels to 435.5 million barrels

By spragueoperati | August 19, 2021 | Comments Off on The EIA reported a larger than expected draw in U.S. crude inventories of 3.2 million barrels to 435.5 million barrels

Recap: The oil market, which looked set to post another inside trading day early in the session, sold off and continued on its downward trend.  The market was pressured as traders […]

September NYMEX Natural Gas Futures Contract Closed at $3.837 on Tuesday, August 17th

By spragueoperati | August 18, 2021 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $3.837 on Tuesday, August 17th

Tuesday, August 17th saw the front-month NYMEX Natural Gas Futures Contract open at $3.892, five cents below Monday’s closing price of $3.946. The price steadily fell throughout the day until […]

Oil futures pared earlier gains to slip for the fourth straight session

By spragueoperati | August 18, 2021 | Comments Off on Oil futures pared earlier gains to slip for the fourth straight session

Recap: Oil futures pared earlier gains to slip for the fourth straight session on Tuesday, as surging cases of the coronavirus across the globe continue to paint a grim picture […]

September NYMEX Natural Gas Futures Contract Closed at $3.946 on Monday, August 16th

By spragueoperati | August 17, 2021 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $3.946 on Monday, August 16th

Monday, August 16th saw the front-month NYMEX Natural Gas Futures Contract open at $3.932, seven cents above Friday’s closing price of $3.861.  Marking the intraday low of $3.929 within minutes […]

Oil prices retreated as cases of the Delta variant of the coronavirus surge around the world

By spragueoperati | August 17, 2021 | Comments Off on Oil prices retreated as cases of the Delta variant of the coronavirus surge around the world

Recap: Oil futures fell for the third straight session on Monday after data from China’s economic recovery slowed more than anticipated last month. Oil prices retreated as cases of the Delta […]

September NYMEX Natural Gas Futures Contract Closed at $3.861 on Friday, August 13th

By spragueoperati | August 16, 2021 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $3.861 on Friday, August 13th

Friday, August 13th saw the front-month NYMEX Natural Gas Futures Contract open at $3.914, two cents below Thursday’s closing price of $3.933.  Posting a choppy ascent to the intraday high […]

Oil futures came under pressure on Friday for the second straight session

By spragueoperati | August 16, 2021 | Comments Off on Oil futures came under pressure on Friday for the second straight session

Recap: Oil futures came under pressure on Friday for the second straight session, as the U.S. encouraged OPEC and its allies to increase their output in order to lower prices […]