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The major oil producers are expected to reach an official agreement to extend record production cuts
Recap: Oil prices rose on Friday after an unexpected fall in the May U.S. unemployment rate and OPEC’s decision to bring forward to Saturday discussions on whether to extend record production […]
Thursday, June 4th saw the front-month NYMEX Natural Gas Futures Contract open at $1.819, just below Wednesday’s closing price of $1.821. Rising steadily to $1.835 ahead of 10:30AM, prices jumped […]
Recap: Trading in oil futures started out to the downside on Thursday, but then grinded higher in what was a lackluster session. High oil producer compliance to output cuts contributed […]
PORTSMOUTH, N.H., June 04, 2020 (GLOBE NEWSWIRE) — Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that Sprague Resources Holdings LLC (“Holdings”) has withdrawn its previously announced non-binding proposal, dated […]
Wednesday, June 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.830, five cents above Tuesday’s closing price of $1.777. Ascending to an intraday high of $1.861 by […]
Recap: Oil prices finished at their highest level in three months on Wednesday, as news that OPEC+ producers have reached an agreement to extend recent production cutbacks into July. While […]
Tuesday, June 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.786, a penny above Monday’s closing price of $1.774. In a relatively calm day of trading, the […]
Recap: Crude oil futures jumped by more than $1 a barrel on Tuesday after it was reported that Saudi Arabia was in favor of extending cuts one to three months […]
Monday, June 1st saw the front-month NYMEX Natural Gas Futures Contract open at $1.773, eight cents below Friday’s closing price of $1.849. Following the previous session’s short-covering rally, the contract […]
Recap: Oil futures opened to the downside, with traders unloading risk, as tensions between the U.S. and China raised concern over the prospect of demand. July WTI slipped 3.4%, to […]