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February NYMEX Natural Gas Futures Contract Closed at $2.581 on Monday, January 4th

By spragueoperati | January 5, 2021 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.581 on Monday, January 4th

Monday, January 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.659, twelve cents above Thursday’s closing price of 2.539.  Reaching to an intraday high of $2.669 soon […]

OPEC+ could not reach an agreement on Monday as to whether or not to increase output in February

By spragueoperati | January 5, 2021 | Comments Off on OPEC+ could not reach an agreement on Monday as to whether or not to increase output in February

Recap: After rising to multi-month highs, crude oil prices slipped to finish the first trading day of the year 1% lower on the day after OPEC+ could not reach an […]

February NYMEX Natural Gas Futures Contract Closed at $2.539 on Thursday, December 31st

By spragueoperati | January 4, 2021 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.539 on Thursday, December 31st

Thursday, December 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.500, eight cents above Wednesday’s closing price of $2.422.  Trending lower to reach $2.460 ahead of the […]

Both Brent and WTI have more than doubled from April’s record lows

By spragueoperati | January 4, 2021 | Comments Off on Both Brent and WTI have more than doubled from April’s record lows

Recap: The last day of trading for crude oil futures was a choppy one, with both benchmarks posting modest session gains. Thursday’s session culminates what was a chaotic year, as […]

Oil futures gained traction for the second straight session

By spragueoperati | December 31, 2020 | Comments Off on Oil futures gained traction for the second straight session

Recap: Oil futures gained traction for the second straight session, supported by a larger than expected draw in U.S. crude oil inventories and the roll out of coronavirus vaccines. However, […]

February NYMEX Natural Gas Futures Contract Closed at $2.444 on Tuesday, December 29th

By spragueoperati | December 30, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.444 on Tuesday, December 29th

Tuesday, December 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.377. Prices would increase from that point, as the February contract’s $2.377 opening price was also the […]

Oil futures climbed on Tuesday in a lightly traded market

By spragueoperati | December 30, 2020 | Comments Off on Oil futures climbed on Tuesday in a lightly traded market

Recap: Oil futures climbed on Tuesday in a lightly traded market, as traders grew more optimistic over another round of economic stimulus by U.S. law makers, which may help boost […]

January NYMEX Natural Gas Futures Contract Closed at $2.305 on Monday, December 28th

By spragueoperati | December 29, 2020 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.305 on Monday, December 28th

Monday, December 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.259, significantly lower than Thursday’s closing price of $2.519. Prices quickly dropped to an intraday low of […]

IIR Energy reported that U.S. oil refiners are expected to shut in 3.6 million bpd of capacity

By spragueoperati | December 29, 2020 | Comments Off on IIR Energy reported that U.S. oil refiners are expected to shut in 3.6 million bpd of capacity

Recap: After opening unchanged, oil futures jumped following President Trump’s decision to sign legislation that includes $900 billion in aid to consumers and small businesses. However, the early run up […]

January NYMEX Natural Gas Futures Contract Closed at $2.519 on Thursday, December 24

By spragueoperati | December 28, 2020 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.519 on Thursday, December 24

Thursday, December 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.582, two cents above Wednesday’s closing price $2.606.  Prices rose to an intraday high of $2.632 at 10:50AM, […]