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Oil prices jumped more than 20% on Tuesday

By spragueoperati | May 6, 2020 | Comments Off on Oil prices jumped more than 20% on Tuesday

Recap: Oil prices jumped more than 20% on Tuesday, marking the fifth straight session of gains, as investors placed bets on the slowdown in production and an increase in demand as […]

June NYMEX Natural Gas Futures Contract Closed at $1.993 on Monday, May 4th

By spragueoperati | May 5, 2020 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $1.993 on Monday, May 4th

Monday, May 4th saw the front-month NYMEX Natural Gas Futures Contract open at $1.965, 4% above Friday’s closing price of $1.890.  Ascending to an intraday high of $2.006 by 9:15AM, […]

Oil prices pivoted between gains and losses on Monday

By spragueoperati | May 5, 2020 | Comments Off on Oil prices pivoted between gains and losses on Monday

Recap: Oil prices pivoted between gains and losses on Monday, as traders grapple with the recent announcement of voluntary production cuts by U.S. oil firms amid weak demand and heightening tensions […]

June NYMEX Natural Gas Futures Contract Closed at $1.919

By spragueoperati | May 4, 2020 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $1.919

Friday, May 1st saw the front-month NYMEX Natural Gas Futures Contract open at $1.919, three cents below Thursday’s closing price of $1.949.  Rallying to an intraday high of $1.964 at […]

Prices firmed this week as producers increase efforts to cut output

By spragueoperati | May 4, 2020 | Comments Off on Prices firmed this week as producers increase efforts to cut output

Recap: Oil futures rose on Friday, with June WTI reaching an intraday high of $20.48 a barrel and July Brent trading close to $28 a barrel. Prices firmed this week as […]

June NYMEX Natural Gas Futures Contract Closed at $1.949 on Thursday, April 30th

By spragueoperati | May 1, 2020 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $1.949 on Thursday, April 30th

Thursday, April 30th saw the front-month NYMEX Natural Gas Futures Contract open at $1.860, a penny below Wednesday’s closing price of 1.869.  Following a slight dip to an intraday low […]

Fuel demand worldwide slumped about 30% in April

By spragueoperati | May 1, 2020 | Comments Off on Fuel demand worldwide slumped about 30% in April

Recap: After what was perhaps the most volatile month in the history of oil trading, April culminated in oil prices paring losses, as production cuts among some major producers eased […]

June NYMEX Natural Gas Futures Contract Closed at $1.869 on Wednesday, April 29th

By spragueoperati | April 30, 2020 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $1.869 on Wednesday, April 29th

On Wednesday, April 29th – the June NYMEX Natural Gas Futures Contract began trading as the prompt month.  Opening at $1.965, two cents above Tuesday’s closing price of $1.948, prices […]

U.S. oil futures surged by more than 20% on Wednesday

By spragueoperati | April 30, 2020 | Comments Off on U.S. oil futures surged by more than 20% on Wednesday

Recap: U.S. oil futures surged by more than 20% on Wednesday after government data showed a smaller than expected build in U.S. crude stockpiles and a surprise draw in gasoline […]

June NYMEX Natural Gas Futures Contract Closed at $1.948 on Tuesday, April 28th

By spragueoperati | April 29, 2020 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $1.948 on Tuesday, April 28th

Tuesday, April 28th – settlement day for the May Contract – saw the front-month NYMEX Natural Gas Futures Contract open at $1.888, seven cents above Monday’s closing price of $1.819.  […]