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Oil prices experienced largest weekly loss since June

By spragueoperati | September 8, 2020 | Comments Off on Oil prices experienced largest weekly loss since June

Recap: Oil futures fell on Friday, logging their largest weekly loss since June. Prices were pressured by a dismal U.S. jobs report, which showed that job growth continued to slow […]

Oil prices fell as US employment data shows signs of slow economic recovery

By spragueoperati | September 4, 2020 | Comments Off on Oil prices fell as US employment data shows signs of slow economic recovery

Recap: Oil prices fell on Thursday, as U.S. unemployment data fueled fears of a slow economic recovery and as the U.S. stock market sharply sold off. Traders looked to the […]

October NYMEX Natural Gas Futures Contract Closed at $2.487 on Thursday, September 3rd

By spragueoperati | September 4, 2020 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.487 on Thursday, September 3rd

Thursday, September 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.512, three cents above Wednesday’s closing price of $2.486.  Ascending to an intraday high of $2.567 by […]

WTI settled at its lowest level in almost a month

By spragueoperati | September 3, 2020 | Comments Off on WTI settled at its lowest level in almost a month

Recap: Oil prices fell on Wednesday, with WTI settling at its lowest level in almost a month, as the dollar weakened and concern over gasoline demand overshadowed the 9.4 million barrel […]

October NYMEX Natural Gas Futures Contract Closed at $2.527 on Tuesday, September 1st

By spragueoperati | September 2, 2020 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.527 on Tuesday, September 1st

Tuesday, September 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.569, six cents below Friday’s closing price of $2.630.  Seeking direction through volatile trading in the day’s […]

Oil futures posted modest gains on Tuesday

By spragueoperati | September 2, 2020 | Comments Off on Oil futures posted modest gains on Tuesday

Recap: Oil futures posted modest gains on Tuesday, with WTI settling higher for the fourth straight session, as some economic data show signs of recovery. Bullish manufacturing data out of […]

October NYMEX Natural Gas Futures Contract Closed at $2.630 on Monday, August 31st

By spragueoperati | September 1, 2020 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.630 on Monday, August 31st

Monday, August 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.577, eight cents below Friday’s closing price of $2.657.  Selling dominated throughout the session’s opening hour to […]

Signs of a slight increase in demand contributed to the fourth straight month of gains

By spragueoperati | September 1, 2020 | Comments Off on Signs of a slight increase in demand contributed to the fourth straight month of gains

Recap: Oil futures traded back in forth in a narrow range on Monday, with a mixed settlement. However, signs of a slight increase in demand contributed to the fourth straight month […]

October NYMEX Natural Gas Futures Contract Closed at $2.657 on Friday, August 28th

By spragueoperati | August 31, 2020 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.657 on Friday, August 28th

Friday, August 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.694, nearly two cents below Thursday’s closing price of $2.710.  After initially trending lower to reach $2.639 […]

The U.S. Bureau of Safety and Environment Enforcement said energy companies shut 84% of Gulf of Mexico crude oil output due to Hurricane Laura.

By spragueoperati | August 31, 2020 | Comments Off on The U.S. Bureau of Safety and Environment Enforcement said energy companies shut 84% of Gulf of Mexico crude oil output due to Hurricane Laura.

Recap: Oil futures posted modest losses on Friday, but gained on the week. Prices discounted the storm related premium as Hurricane Laura made landfall, leaving behind little damage to the oil […]