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The U.S. government reported a weekly decrease in domestic crude supplies

By spragueoperati | August 22, 2019 | Comments Off on The U.S. government reported a weekly decrease in domestic crude supplies

Recap: Trading was mixed on Wednesday, with WTI trading higher in early trading before the U.S. government reported a weekly decrease in domestic crude supplies, the first in three weeks, […]

September NYMEX Natural Gas Futures Contract Closed at $2.170 on Wednesday, August 21st

By spragueoperati | August 22, 2019 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.170 on Wednesday, August 21st

Wednesday, August 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.215, nearly even with Tuesday’s closing price of $2.218.  Recording an intraday high of $2.216 as markets […]

September NYMEX Natural Gas Futures Contract Closed at $2.218 on Tuesday, August 20th

By spragueoperati | August 21, 2019 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.218 on Tuesday, August 20th

Tuesday, August 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.210, even with Monday’s closing price.  Extending to an intraday high of $2.231 out of the gate, […]

Trade tensions between the U.S. and China raised fears of a slowing global economy

By spragueoperati | August 21, 2019 | Comments Off on Trade tensions between the U.S. and China raised fears of a slowing global economy

Recap: Oil futures retreated in early trading on Tuesday, as prices followed lower equity markets. Demand concerns became the focal point of Tuesday’s session, as trade tensions between the U.S. […]

September NYMEX Natural Gas Futures Contract Closed at $2.210 on Monday, August 19th

By spragueoperati | August 20, 2019 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.210 on Monday, August 19th

Monday, August 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.142, nearly six cents below Friday’s closing price of $2.200.  Recovering from an intraday low of $2.140 […]

Oil futures rose on Monday following the weekend attack on a Saudi oil facility by Yemen’s Houthi forces

By spragueoperati | August 20, 2019 | Comments Off on Oil futures rose on Monday following the weekend attack on a Saudi oil facility by Yemen’s Houthi forces

Recap: Oil futures rose on Monday following the weekend attack on a Saudi oil facility by Yemen’s Houthi forces and a rally in equities from growing expectations that global economies […]

September NYMEX Natural Gas Futures Contract Closed at $2.200 on Friday, August 16th

By spragueoperati | August 19, 2019 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.200 on Friday, August 16th

Friday, August 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.189, roughly four cents below Thursday’s closing price. Jumping to an intraday high of $2.209 by 9:10AM. […]

OPEC lowered its outlook for demand growth due to a slowing global economy

By spragueoperati | August 19, 2019 | Comments Off on OPEC lowered its outlook for demand growth due to a slowing global economy

Recap: Oil prices rose on Friday, but gains were pared after OPEC lowered its outlook for demand growth due to a slowing global economy. In early morning trading, September WTI […]

September NYMEX Natural Gas Futures Contract Closed at $2.232 on Thursday, August 15th

By spragueoperati | August 16, 2019 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.232 on Thursday, August 15th

Thursday, August 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.172, nearly three cents higher than Wednesday’s closing price. Soon after open, prices fell to their intraday […]

Oil prices fell as much as 2.4% on Thursday

By spragueoperati | August 16, 2019 | Comments Off on Oil prices fell as much as 2.4% on Thursday

Recap: Oil prices fell as much as 2.4% on Thursday, pressured by growing concerns that a recession is on the horizon amidst U.S-China trade tensions. This follows Wednesday’s 3% drop […]