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Oil futures rose to their highest level in over a year

By spragueoperati | February 3, 2021 | Comments Off on Oil futures rose to their highest level in over a year

Recap: Oil futures rose to their highest level in over a year on Tuesday, propelled higher by expectations that efforts to cut output by OPEC and other major producers will aid […]

March NYMEX Natural Gas Futures Contract Closed at $2.850 on Monday, February 1st

By spragueoperati | February 2, 2021 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.850 on Monday, February 1st

Monday, February 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.771, twenty-one cents above Friday’s closing price of $2.564.  Supported by heavy storms hitting the northeast and […]

Oil futures traded higher on Monday

By spragueoperati | February 2, 2021 | Comments Off on Oil futures traded higher on Monday

Recap: Oil futures traded higher on Monday amid strong commitments by Saudi Arabia in cutting back on oil production and reports that President Biden put a pause on new oil […]

March NYMEX Natural Gas Futures Contract Closed at $2.564 on Friday, January 29th

By spragueoperati | February 1, 2021 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.564 on Friday, January 29th

Friday, January 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.658, slightly below Thursday’s closing price of $2.664.  Ascending to an intraday high of $2.695 by 9:45AM, […]

Baker Hughes reported that the U.S. oil drilling rig count increased by 6 to 295

By spragueoperati | February 1, 2021 | Comments Off on Baker Hughes reported that the U.S. oil drilling rig count increased by 6 to 295

Recap: Oil prices continue to struggle to the upside, as they went back and forth during the week. As there is persistent resistance above this market, there are signs that […]

March NYMEX Natural Gas Futures Contract Closed at $2.664 on Thursday, January 28th

By spragueoperati | January 29, 2021 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.664 on Thursday, January 28th

Thursday, January 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.664, four cents below Wednesday’s closing price of $2.702.  Ascending to the $2.680 level ahead of the […]

Oil futures bounced around on Thursday

By spragueoperati | January 29, 2021 | Comments Off on Oil futures bounced around on Thursday

Recap: Oil futures bounced around on Thursday, looking for direction, as traders gage the effects of the latest EIA report against the effects of the widely spreading coronavirus and its […]

March NYMEX Natural Gas Futures Contract Closed at $2.702 on Wednesday, January 27th

By spragueoperati | January 28, 2021 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.702 on Wednesday, January 27th

Wednesday, January 27th, settlement day for the February contract, saw the front-month NYMEX Natural Gas Futures Contract open at $2.731, nearly eight cents above Tuesday’s closing price of $2.656.  Falling […]

The EIA reported that U.S. crude oil inventories showed an unexpected massive draw in inventories

By spragueoperati | January 28, 2021 | Comments Off on The EIA reported that U.S. crude oil inventories showed an unexpected massive draw in inventories

Recap: Oil prices were trading steady on the opening on hopes that the U.S. government would reach an agreement on a stimulus package and an improvement in the number of […]

February NYMEX Natural Gas Futures Contract Closed at $2.656 on Tuesday, January 26th

By spragueoperati | January 27, 2021 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.656 on Tuesday, January 26th

Tuesday, January 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.649, nearly five cents above Monday’s closing price of $2.602.  Trading along the $2.635 level throughout the […]