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Traders responded to reports of an explosion on an Iranian tanker in the Red Sea

By spragueoperati | October 14, 2019 | Comments Off on Traders responded to reports of an explosion on an Iranian tanker in the Red Sea

Recap: Oil prices rose on Friday, stemming four consecutive weeks of losses, as traders responded to reports of an explosion on an Iranian tanker in the Red Sea, while optimism rose […]

November NYMEX Natural Gas Futures Contract Closed at $2.218 on Thursday, October 10th

By spragueoperati | October 11, 2019 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.218 on Thursday, October 10th

Thursday, October 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.245, a penny above Wednesday’s closing price of $2.234.  Climbing steadily from the opening bell, prices rose […]

Oil prices rose after head of OPEC discusses actions to balance markets

By spragueoperati | October 11, 2019 | Comments Off on Oil prices rose after head of OPEC discusses actions to balance markets

Recap:  Oil prices rose on Thursday, supported by comments by the head of OPEC that the organization could take action to balance markets and that it will decide in December […]

November NYMEX Natural Gas Futures Contract Closed at $2.234 on Wednesday, October 9th

By spragueoperati | October 10, 2019 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.234 on Wednesday, October 9th

Wednesday, October 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.267, two cents below Tuesday’s closing price of $2.288.  Ascending to an intraday high of $2.301 by […]

Oil prices moved higher as tensions between US and Chine decrease

By spragueoperati | October 10, 2019 | Comments Off on Oil prices moved higher as tensions between US and Chine decrease

Recap:  Trading in crude oil was choppy on Wednesday, as oil prices moved higher on signs that tensions between the U.S. and China were easing November WTI was trading at […]

Oil prices closed lower as tensions between US and China heat up

By spragueoperati | October 9, 2019 | Comments Off on Oil prices closed lower as tensions between US and China heat up

Recap:  Oil prices, which received an early boost from unrest in Iraq and Ecuador, turned lower on Tuesday as tensions between the U.S. and China heated up over the last […]

November NYMEX Natural Gas Futures Contract Closed at $2.288 on Tuesday, October 8th

By spragueoperati | October 9, 2019 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.288 on Tuesday, October 8th

Tuesday, October 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.286, two cents below Monday’s closing price of $2.303.  Awaiting direction from the next market catalyst, be […]

Oil prices rose on Monday as US and China begin trade talks

By spragueoperati | October 8, 2019 | Comments Off on Oil prices rose on Monday as US and China begin trade talks

Recap:  Oil prices rose on Monday, as talks between China and the U.S. are about to get underway and as OPEC's September output posts the biggest month to month drop […]

November NYMEX Natural Gas Futures Contract Closed at $2.303 on Monday, October 7th

By spragueoperati | October 8, 2019 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.303 on Monday, October 7th

Monday, October 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.307, nearly five cents below Friday’s closing price of $2.352.  Failing to follow through with Friday’s rally, […]

Oil prices closed lower on Friday, resulting in a second consecutive weekly loss

By spragueoperati | October 7, 2019 | Comments Off on Oil prices closed lower on Friday, resulting in a second consecutive weekly loss

Recap:  Oil prices edged higher on Friday, although remained on track for a second consecutive weekly loss, as an increase in U.S. jobs eased financial market concerns that the slowing […]