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Traders kept an eye on the progress of moving a ship that has been blocking tanker traffic in the Suez Canal

By spragueoperati | March 26, 2021 | Comments Off on Traders kept an eye on the progress of moving a ship that has been blocking tanker traffic in the Suez Canal

Recap: Oil futures tumbled on Thursday, dipping down toward the lows of Tuesday and Wednesday, as concern over the increasing number of COVID19 cases across Europe gave rise to worries […]

April NYMEX Natural Gas Futures Contract Closed at $2.518 on Wednesday, March 24th

By spragueoperati | March 25, 2021 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $2.518 on Wednesday, March 24th

Wednesday, March 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.532, three cents above Tuesday’s closing price of $2.508.  Extending to a modest intraday high of $2.545 […]

The EIA reported a rebound in U.S. refining activity

By spragueoperati | March 25, 2021 | Comments Off on The EIA reported a rebound in U.S. refining activity

Recap:  After falling by almost 5% on Tuesday, oil futures bounced right back, gaining more than 5% after a ship ran aground in the Suez Canal, raising worries that the […]

April NYMEX Natural Gas Futures Contract Closed at $2.508 on Tuesday, March 23rd

By spragueoperati | March 24, 2021 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $2.508 on Tuesday, March 23rd

Tuesday, March 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.547, nearly four cents below Monday’s closing price of $2.582.  Following an ascent to an intraday high […]

Oil futures fell by almost 5% on Tuesday

By spragueoperati | March 24, 2021 | Comments Off on Oil futures fell by almost 5% on Tuesday

Recap: Oil futures fell by almost 5% on Tuesday on rising demand concerns. The oil demand recovery in Europe, a region that accounts for about 15% of global consumption, looks set […]

April NYMEX Natural Gas Futures Contract Closed at $2.582 on Monday, March 22nd

By spragueoperati | March 23, 2021 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $2.582 on Monday, March 22nd

Monday, March 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.517, two cents below Friday’s closing price of $2.535.  Recording an intraday low of $2.514 within minutes […]

Oil futures fell 1% in overnight trading

By spragueoperati | March 23, 2021 | Comments Off on Oil futures fell 1% in overnight trading

Recap: Oil futures continue to struggle as renewed concerns about demand pushed prices from session highs, while a pullback in the U.S. dollar propelled prices from session lows. Oil futures fell […]

April NYMEX Natural Gas Futures Contract Closed at $2.535 on Friday, March 19th

By spragueoperati | March 22, 2021 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $2.535 on Friday, March 19th

Friday, March 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.473, a penny below Thursday’s closing price of $2.481.  Falling to an intraday low of $2.456 within […]

WTI experienced an inside trading session after gapping lower on the opening

By spragueoperati | March 22, 2021 | Comments Off on WTI experienced an inside trading session after gapping lower on the opening

Recap: Just one day after falling by 7%, crude oil futures seesawed on Friday, turning to the upside, as traders reacted to reports of a drone attack on one of Saudi […]

April NYMEX Natural Gas Futures Contract Closed at $2.481 on Thursday, March 18th

By spragueoperati | March 19, 2021 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $2.481 on Thursday, March 18th

Thursday, March 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.484, four cents below Wednesday’s closing price of $2.528. Trending lower so after the opening bell to […]