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OPEC’s demand forecast for 2021 sees demand growth of 5.89 million barrels per day in 2021

By spragueoperati | March 12, 2021 | Comments Off on OPEC’s demand forecast for 2021 sees demand growth of 5.89 million barrels per day in 2021

Recap: Energy markets were dragged higher by RBOB futures, as the front-month contract settled at its highest level in 2 ½ years. Oil futures also got a boost from a […]

April NYMEX Natural Gas Futures Contract Closed at $2.692 on Wednesday, March 10th

By spragueoperati | March 11, 2021 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $2.692 on Wednesday, March 10th

Wednesday, March 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.634, almost three cents below Wednesday’s closing price of $2.662. Prices dropped to an intraday low soon […]

The EIA reported a 13.8 million barrel build in U.S. crude oil inventories

By spragueoperati | March 11, 2021 | Comments Off on The EIA reported a 13.8 million barrel build in U.S. crude oil inventories

Recap: Oil futures opened Wednesday’s session trading unchanged, but by daybreak on the East Coast, April WTI was trading just below $65 a barrel. This strong technical number held up, […]

April NYMEX Natural Gas Futures Contract Closed at $2.664 on Tuesday, March 10th

By spragueoperati | March 10, 2021 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $2.664 on Tuesday, March 10th

Monday, March 8th saw the front-month NYMEX Natural Gas Futures Contract open at an intraday low of $2.644 almost six cents below Monday’s closing price of $2.701. Prices took an […]

Oil futures fell for the second straight day on Tuesday

By spragueoperati | March 10, 2021 | Comments Off on Oil futures fell for the second straight day on Tuesday

Recap: Oil futures fell for the second straight day on Tuesday, as traders await the U.S. inventory numbers from both the API and the EIA. On average, analysts expect U.S. crude […]

April NYMEX Natural Gas Futures Contract Closed at $2.664 on Monday, March 8th

By spragueoperati | March 9, 2021 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $2.664 on Monday, March 8th

Monday, March 8th saw the front-month NYMEX Natural Gas Futures Contract open at an intraday low of $2.644 almost six cents below Friday’s closing price of $2.701. Prices took an […]

Oil futures posted early gains on Monday

By spragueoperati | March 9, 2021 | Comments Off on Oil futures posted early gains on Monday

Recap: Oil futures posted early gains on Monday after reports of an attack on Saudi Arabian oil facilities, but the gains were erased as it became apparent no real damage […]

April NYMEX Natural Gas Futures Contract Closed at $2.701 on Friday, March 5th

By spragueoperati | March 8, 2021 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $2.701 on Friday, March 5th

Friday, March 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.724 almost three cents below Thursday’s closing price of $2.749.  Soon after open, prices reached their intraday […]

Oil futures jumped to their highest settlement since 2019

By spragueoperati | March 8, 2021 | Comments Off on Oil futures jumped to their highest settlement since 2019

Recap: Oil futures jumped to their highest settlement since 2019 on Friday following a stronger-than-expected U.S. jobs report, and extended Thursday’s gains on the decision by OPEC and its allies […]

April NYMEX Natural Gas Futures Contract Closed at $2.749 on Thursday, March 4th

By spragueoperati | March 5, 2021 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $2.749 on Thursday, March 4th

Thursday, March 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.775 four cents below Friday’s closing price of $2.816.  Prices reached their intraday high of $2.783, just […]