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The number of rigs searching for oil fell to the lowest level since March 2018

By spragueoperati | May 29, 2019 | Comments Off on The number of rigs searching for oil fell to the lowest level since March 2018

Recap: On Tuesday, the oil market extended Friday’s rebound following the long Memorial Day weekend.  The market weighed Friday’s Baker Hughes report showing that the number of rigs searching for oil […]

June NYMEX Natural Gas Futures Contract Closed at $2.582 on Tuesday, May 28th

By spragueoperati | May 29, 2019 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $2.582 on Tuesday, May 28th

Tuesday, May 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.548, five cents below Friday’s closing price of $2.598.  Mounting a recovery effort early on as short-term […]

Oil prices were pressured by concern over economic slowdown

By spragueoperati | May 28, 2019 | Comments Off on Oil prices were pressured by concern over economic slowdown

Recap: Oil prices firmed on Friday ahead of the long U.S. and UK 3-day holiday weekends, but posted their largest weekly loss so far this year. It was a wild week […]

June NYMEX Natural Gas Futures Contract Closed at $2.598 on Friday, May 24th

By spragueoperati | May 28, 2019 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $2.598 on Friday, May 24th

Friday, May 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.565, a penny below Thursday’s closing price of $2.578.  Falling to an intraday low of $2.542 by […]

June NYMEX Natural Gas Futures Contract Closed at $2.578 on Thursday, May 23rd

By spragueoperati | May 24, 2019 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $2.578 on Thursday, May 23rd

Thursday, May 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.562, two cents above Wednesday’s closing price of $2.543.  Slipping to the intraday low of $2.540 ahead […]

Trade tensions between the U.S. and China dimmed the outlook for demand

By spragueoperati | May 24, 2019 | Comments Off on Trade tensions between the U.S. and China dimmed the outlook for demand

Recap: Oil prices plummeted on Tuesday, as trade tensions between the U.S. and China dimmed the outlook for demand. Brent crude futures fell to their lowest level in 8 weeks, with […]

The EIA reported an unexpected build in U.S. crude oil inventories

By spragueoperati | May 23, 2019 | Comments Off on The EIA reported an unexpected build in U.S. crude oil inventories

Recap: Oil prices fell as much as 2% on Wednesday as the EIA reported an unexpected build in U.S. crude oil inventories. According to the report, U.S. crude oil inventories grew […]

June NYMEX Natural Gas Futures Contract Closed at $2.543 on Wednesday, May 22nd

By spragueoperati | May 23, 2019 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $2.543 on Wednesday, May 22nd

Wednesday, May 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.584, three cents below Tuesday’s closing price of $2.613.  Tallying the intraday high of $2.592 within minutes […]

June NYMEX Natural Gas Futures Contract Closed at $2.613 on Tuesday, May 21st

By spragueoperati | May 22, 2019 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $2.613 on Tuesday, May 21st

Tuesday, May 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.645, three cents below Monday’s closing price of $2.673.  Reaching the intraday high of $2.650 by 9:10AM, […]

Oil prices were pressured by trade disputes between the U.S. and China

By spragueoperati | May 22, 2019 | Comments Off on Oil prices were pressured by trade disputes between the U.S. and China

Recap: Oil prices bounced around the unchanged level on Tuesday, with tensions in the Middle East providing early support, while trade disputes between the U.S. and China added pressure. A […]