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Sprague Resources LP Reports Second Quarter 2020 Results

By spragueoperati | August 6, 2020 | Comments Off on Sprague Resources LP Reports Second Quarter 2020 Results

September NYMEX Natural Gas Futures Contract Closed at $2.191 on Wednesday, August 5th

By spragueoperati | August 6, 2020 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.191 on Wednesday, August 5th

Wednesday, August 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.199, just above Tuesday’s closing price of $2.193.  Continuing the ongoing rally to reach an intraday high […]

The EIA reported a 7.4 million barrel draw in U.S. crude oil inventories

By spragueoperati | August 6, 2020 | Comments Off on The EIA reported a 7.4 million barrel draw in U.S. crude oil inventories

Recap: Oil futures jumped to their highest level in five months after the EIA reported a 7.4 million barrel draw in U.S. crude oil inventories and as the dollar weakened […]

September NYMEX Natural Gas Futures Contract Closed at $2.193 on Tuesday, August 4th

By spragueoperati | August 5, 2020 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.193 on Tuesday, August 4th

Tuesday, August 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.073, three cents below Monday’s closing price of $2.101.  Climbing from an intraday low of $2.066, the […]

Oil prices closed at their highest level since March

By spragueoperati | August 5, 2020 | Comments Off on Oil prices closed at their highest level since March

Recap: Oil prices moved higher on Tuesday, to close at their highest level since March, as traders awaited data on U.S. crude oil inventories and on hopes U.S. government officials are […]

September NYMEX Natural Gas Futures Contract Closed at $2.101 on Monday, August 3rd

By spragueoperati | August 4, 2020 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.101 on Monday, August 3rd

Monday, August 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.928, thirteen cents above Friday’s closing price of $1.799.  Surging upward from the intraday low as markets […]

Concern over the spread of COVID-19 and rising output from within OPEC limited gains

By spragueoperati | August 4, 2020 | Comments Off on Concern over the spread of COVID-19 and rising output from within OPEC limited gains

Recap: Oil prices rose on Monday on upbeat economic news out of the U.S; Europe and Asia however, concern over the spread of COVID-19 and rising output from within OPEC […]

Baker Hughes reported a drop of 1 in the number of active U.S. oil rigs

By spragueoperati | August 3, 2020 | Comments Off on Baker Hughes reported a drop of 1 in the number of active U.S. oil rigs

Recap: September WTI climbed back above $40, in what was a choppy trading session, as prices seesawed above and below unchanged. Oil prices were also boosted by a slump in […]

September NYMEX Natural Gas Futures Contract Closed at $1.833 on Thursday, July 30th

By spragueoperati | July 31, 2020 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $1.833 on Thursday, July 30th

Thursday, July 30th saw the front-month NYMEX Natural Gas Futures Contract open at $1.889, 4 cents below Wednesday’s closing price of $1.937. Prices quickly jumped to an intraday high of […]

Oil prices fell as oil producers begin to relax output restrictions

By spragueoperati | July 31, 2020 | Comments Off on Oil prices fell as oil producers begin to relax output restrictions

Recap:  Oil prices slipped on Thursday as fear of resurgence in global COVID-19 cases put demand front and center as major oil producers begin to relax output restrictions. The dismal […]