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April NYMEX Natural Gas Futures Contract Closed at $2.600 on Friday, March 12th

By spragueoperati | March 15, 2021 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $2.600 on Friday, March 12th

Friday, March 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.660, almost even with Thursday’s closing price of $2.664. Prices would reach their intraday high of $2.673 […]

Baker Hughes reported that the number of U.S. oil drilling rigs fell by 1 to 309

By spragueoperati | March 15, 2021 | Comments Off on Baker Hughes reported that the number of U.S. oil drilling rigs fell by 1 to 309

Recap: It was a lackluster trading session for oil futures on Friday, as prices pulled back from Thursday’s RBOB lead rally. Strength in the U.S. dollar weighed on the market, as […]

April NYMEX Natural Gas Futures Contract Closed at $2.664 on Thursday, March 11th

By spragueoperati | March 12, 2021 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $2.664 on Thursday, March 11th

Thursday, March 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.673, almost two cents below Wednesday’s closing price of $2.692. Prices traded steadily up until the release […]

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 […]