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The EIA reported hefty builds in U.S. gasoline and distillate inventories

By spragueoperati | January 16, 2020 | Comments Off on The EIA reported hefty builds in U.S. gasoline and distillate inventories

Recap: Oil prices fell to their lowest level in 6 weeks after the EIA reported hefty builds in U.S. gasoline and distillate inventories, though crude oil inventories unexpectedly decreased. February WTI […]

February NYMEX Natural Gas Futures Contract Closed at $2.187 on Tuesday, January 14th

By spragueoperati | January 15, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.187 on Tuesday, January 14th

Tuesday, January 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.232, five cents above Monday’s closing price of $2.182.  Continuing the pre-session rally to record an intraday […]

Oil prices climbed on Tuesday after five days of declines

By spragueoperati | January 15, 2020 | Comments Off on Oil prices climbed on Tuesday after five days of declines

Recap: Oil prices climbed on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased. Additionally, […]

February NYMEX Natural Gas Futures Contract Closed at $2.182 on Monday, January 13th

By spragueoperati | January 14, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.182 on Monday, January 13th

Monday, January 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.202, even to Friday’s closing price of $2.202.  Extending to an intraday high of $2.206 as markets […]

Oil futures fell for a fifth session in a row on Monday

By spragueoperati | January 14, 2020 | Comments Off on Oil futures fell for a fifth session in a row on Monday

Recap: Oil futures fell for a fifth session in a row on Monday, with the U.S. benchmark logging its lowest finish in almost six weeks as the immediate risk of a […]

February NYMEX Natural Gas Futures Contract Closed at $2.202 on Friday, January 10th

By spragueoperati | January 13, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.202 on Friday, January 10th

Friday, January 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.193, three cents above Thursday’s closing price of $2.166.  Rallying from the intraday low of $2.192 soon […]

Drillers cut 11 oil rigs in the week ending January 10th bringing the total count down to 659

By spragueoperati | January 13, 2020 | Comments Off on Drillers cut 11 oil rigs in the week ending January 10th bringing the total count down to 659

Recap: The oil market posted an inside trading day on Friday after failing to breach Thursday’s trading range.  The market opened slightly higher and traded to a high of $59.78 early […]

February NYMEX Natural Gas Futures Contract Closed at $2.166 on Thursday, January 9th

By spragueoperati | January 10, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.166 on Thursday, January 9th

Thursday, January 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.123, two cents below Wednesday’s closing price of $2.141.  Trading alongside $2.135 through 10:00AM, prices then shed […]

The oil market on Thursday sold off further, adding to the losses posted on Wednesday

By spragueoperati | January 10, 2020 | Comments Off on The oil market on Thursday sold off further, adding to the losses posted on Wednesday

Recap: The oil market on Thursday sold off further, adding to the losses posted on Wednesday on the back of increasing US crude stocks and easing fears of an escalation on […]

The crude market sold off from a high not seen since late April

By spragueoperati | January 9, 2020 | Comments Off on The crude market sold off from a high not seen since late April

Recap: The crude market sold off from a high not seen since late April in early trading on Wednesday after an Iranian ballistic missile attack on US-led forces in Iraq had […]