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July NYMEX Natural Gas Futures Contract Closed at $1.849 on Friday, May 29th

By spragueoperati | June 1, 2020 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $1.849 on Friday, May 29th

Friday, May 29th saw the front-month NYMEX Natural Gas Futures Contract open at $1.821, just below Thursday’s closing price of $1.827.  Arcing downward to record and intraday low of $1.763 […]

Both WTI and Brent posted significant monthly gains during the month of May

By spragueoperati | June 1, 2020 | Comments Off on Both WTI and Brent posted significant monthly gains during the month of May

Recap: Oil futures, which gapped lower on the opening, reversed to the upside as investors worried about worsening tensions between the U.S. and China. Both WTI and Brent posted significant monthly […]

July NYMEX Natural Gas Futures Contract Closed at $1.827 on Thursday, May 29th

By spragueoperati | May 29, 2020 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $1.827 on Thursday, May 29th

Thursday, May 28th saw the front-month NYMEX Natural Gas Futures Contract open at $1.877, just below Wednesday’s closing price of $1.881.  Marking an intraday high of $1.879 soon after the […]

The EIA report showed that U.S crude oil imports surged to 7.2 million b/d

By spragueoperati | May 29, 2020 | Comments Off on The EIA report showed that U.S crude oil imports surged to 7.2 million b/d

Recap: Oil futures turned higher on Thursday, posting strong gains, as traders shrugged off the 7.9 million barrel build in U.S. crude oil inventories and instead focused on the 700,000 […]

July NYMEX Natural Gas Futures Contract Closed at $1.881 on Wednesday, May 27th

By spragueoperati | May 28, 2020 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $1.881 on Wednesday, May 27th

Wednesday, May 27th saw the front-month NYMEX Natural Gas Futures Contract settle at $1.722, seven cents below Tuesday’s closing price of $1.793.  The July contract, set to take the front-month […]

Oil futures nosedived on Wednesday as tensions between the U.S. and China grow

By spragueoperati | May 28, 2020 | Comments Off on Oil futures nosedived on Wednesday as tensions between the U.S. and China grow

Recap: Oil futures nosedived on Wednesday as tensions between the U.S. and China grow and as some traders began to question Russia’s commitment to increasing production cuts. July WTI tumbled as […]

June NYMEX Natural Gas Futures Contract Closed at $1.793 on Tuesday, May 26th

By spragueoperati | May 27, 2020 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $1.793 on Tuesday, May 26th

Tuesday, May 26th saw the front-month NYMEX Natural Gas Futures Contract open at $1.785, five cents above Friday’s closing price of $1.731.  Trailing downward to record the intraday low of […]

Oil prices were pushed higher after the May contract dipped into negative territory

By spragueoperati | May 27, 2020 | Comments Off on Oil prices were pushed higher after the May contract dipped into negative territory

Recap: Oil futures rose on Tuesday as market participants believed that improving demand and more supply coming off would ease the glut faster than expected. These factors, along with other […]

Oil futures fell as much as 7% on Friday

By spragueoperati | May 26, 2020 | Comments Off on Oil futures fell as much as 7% on Friday

Recap: Oil futures fell as much as 7% on Friday, after China’s top policy setting meeting didn’t set an annual economic growth target due to “great uncertainty” over the recovery […]

June NYMEX Natural Gas Futures Contract Closed at $1.710 on Thursday, May 21st

By spragueoperati | May 22, 2020 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $1.710 on Thursday, May 21st

Thursday, May 21st saw the front-month NYMEX Natural Gas Futures Contract open at $1.734, four cents below Wednesday’s closing price of $1.771.  Trading along either side of $1.730 through 10:30AM, […]