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Oil futures rose on Monday on hopes that the U.S. will roll out another stimulus package

By spragueoperati | September 29, 2020 | Comments Off on Oil futures rose on Monday on hopes that the U.S. will roll out another stimulus package

Recap: Oil futures rose on Monday on hopes that the U.S. will roll out another stimulus package and on a possible oil worker’s strike in Norway. Gains, however, were limited as […]

Oil futures traded mostly lower on Friday

By spragueoperati | September 28, 2020 | Comments Off on Oil futures traded mostly lower on Friday

Recap: Oil futures traded mostly lower on Friday, posting a weekly loss, as demand woes tied to the coronavirus pandemic kept a lid on prices, while signs of tighter supplies […]

October NYMEX Natural Gas Futures Contract Closed at $2.248 on Thursday, September 24th

By spragueoperati | September 25, 2020 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.248 on Thursday, September 24th

Thursday, September 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.261, fourteen cents above Wednesday’s closing price of $2.125.  Experiencing considerable volatility throughout the morning hours, prices […]

Oil futures rose for the third straight session

By spragueoperati | September 25, 2020 | Comments Off on Oil futures rose for the third straight session

Recap:Oil futures rose for the third straight session, supported by the bullish inventory report released on Wednesday. However gains were limited, as a new wave of coronavirus cases in Europe […]

October NYMEX Natural Gas Futures Contract Closed at $2.125 on Wednesday, September 23rd

By spragueoperati | September 24, 2020 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.125 on Wednesday, September 23rd

Wednesday, September 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.018, eighteen cents above Tuesday’s closing price of $1.834.  Touching down to an intraday low of $1.973 […]

The oil markets overnight and this morning were supported by bullish inventory reports

By spragueoperati | September 24, 2020 | Comments Off on The oil markets overnight and this morning were supported by bullish inventory reports

Recap: The oil markets overnight and this morning were supported by bullish inventory reports first released by API and then by the EIA. But as it appeared the bullish move was […]

October NYMEX Natural Gas Futures Contract Closed at $1.834 on Tuesday, September 22nd

By spragueoperati | September 23, 2020 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $1.834 on Tuesday, September 22nd

Tuesday, September 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.863, three cents above Monday’s closing price of $1.835.  Climbing to an intraday high of $1.890 by […]

Prices bounced back from Monday’s sharp decline off of the rise in the number of COVID-19 cases

By spragueoperati | September 23, 2020 | Comments Off on Prices bounced back from Monday’s sharp decline off of the rise in the number of COVID-19 cases

Recap: It was a lackluster day for oil prices on Tuesday, with the market garnering little support from expectations for a second weekly decline in U.S. crude oil inventories. Prices […]

Oil prices fell as U.S. equities hit a two-month low

By spragueoperati | September 22, 2020 | Comments Off on Oil prices fell as U.S. equities hit a two-month low

Recap: Oil futures settled lower on Monday, as U.S. equities fell to a two-month low as the number of coronavirus cases continued to rise across the globe. Prices were also […]

October NYMEX Natural Gas Futures Contract Closed at $1.835 on Monday, September 21st

By spragueoperati | September 22, 2020 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $1.835 on Monday, September 21st

Monday, September 21st saw the front-month NYMEX Natural Gas Futures Contract open at $1.946 ten cents below Friday’s closing price of $2.048 on Friday.  Declining rapidly as markets opened, the […]