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Baker Hughes Co. reported that the number of active U.S. rigs drilling for oil fell by 10

By spragueoperati | November 18, 2019 | Comments Off on Baker Hughes Co. reported that the number of active U.S. rigs drilling for oil fell by 10

Recap: Oil futures climbed on Friday to turn higher for the week, with optimism over phase one of a potential U.S.-China trade deal lifting prospects for energy demand, even as traders […]

December NYMEX Natural Gas Futures Contract Closed at $2.647 on Thursday, November 14th

By spragueoperati | November 15, 2019 | Comments Off on December NYMEX Natural Gas Futures Contract Closed at $2.647 on Thursday, November 14th

Thursday, November 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.678, nearly eight cents above Wednesday’s closing price of $2.600.  Stepping lower early on, following the overnight […]

U.S. crude oil inventory increased by 2.2 million barrels

By spragueoperati | November 15, 2019 | Comments Off on U.S. crude oil inventory increased by 2.2 million barrels

Recap: Crude oil prices pared early gains after the EIA reported a larger than expected build in U.S. crude oil inventories. For the week ending November 8, U.S. crude oil inventory […]

December NYMEX Natural Gas Futures Contract Closed at $2.600 on Wednesday, November 13th

By spragueoperati | November 14, 2019 | Comments Off on December NYMEX Natural Gas Futures Contract Closed at $2.600 on Wednesday, November 13th

Wednesday, November 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.594, three cents below Tuesday’s closing price of $2.621.  In an uneventful day of trading, prices fluctuated […]

U.S. shale oil production could grow by much less than expected in 2020

By spragueoperati | November 14, 2019 | Comments Off on U.S. shale oil production could grow by much less than expected in 2020

Recap: Oil prices climbed higher on Wednesday, erasing two days of losses after OPEC said it saw no signs of global recession and that U.S. shale oil production could grow by […]

December NYMEX Natural Gas Futures Contract Closed at $2.621 on Tuesday, November 12th

By spragueoperati | November 13, 2019 | Comments Off on December NYMEX Natural Gas Futures Contract Closed at $2.621 on Tuesday, November 12th

Tuesday, November 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.660, two cents above Monday’s closing price of $2.637.  Reaching a modest intraday high of $2.662 by […]

Oil prices shifted to the downside on Tuesday

By spragueoperati | November 13, 2019 | Comments Off on Oil prices shifted to the downside on Tuesday

Recap: Oil prices shifted to the downside on Tuesday after experiencing about a 1% rise earlier in the session following a speech by U.S. President Donald Trump in which he offered […]

December NYMEX Natural Gas Futures Contract Closed at $2.637 on Monday, November 11th

By spragueoperati | November 12, 2019 | Comments Off on December NYMEX Natural Gas Futures Contract Closed at $2.637 on Monday, November 11th

Monday, November 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.641, fifteen cents below Friday’s closing price of $2.789.  Slipping lower over the weekend despite Thursday’s bullish […]

Trade talks between the U.S. and China continued to spread fear about demand

By spragueoperati | November 12, 2019 | Comments Off on Trade talks between the U.S. and China continued to spread fear about demand

Recap: Oil prices finished lower on Monday as trade talks between the U.S. and China continued to spread fear about demand. On Saturday, U.S. President Donald Trump said negotiations between […]

December NYMEX Natural Gas Futures Contract Closed at $2.789 on Friday, November 8th

By spragueoperati | November 11, 2019 | Comments Off on December NYMEX Natural Gas Futures Contract Closed at $2.789 on Friday, November 8th

Friday, November 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.805, three cents above Thursday’s closing price of $2.772.  Shaking off the previous session’s weather-induced sell off […]