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Both Brent and WTI futures fell on Friday after a mixed session on Thursday

By spragueoperati | March 4, 2019 | Comments Off on Both Brent and WTI futures fell on Friday after a mixed session on Thursday

Recap: Both Brent and WTI futures fell on Friday after a mixed session on Thursday. Prices peeled away from fresh highs for the year, as the ISM manufacturing index for February […]

Signs of a weakening global economy kept oil prices below recent four month highs

By spragueoperati | March 1, 2019 | Comments Off on Signs of a weakening global economy kept oil prices below recent four month highs

Recap: Brent oil futures headed lower on Thursday, while WTI held firm, as trade talks between the U.S. and China remained unresolved. Signs of a weakening global economy kept oil […]

April NYMEX Natural Gas Futures Contracts Closed at $2.812 on Thursday, February 28th

By spragueoperati | March 1, 2019 | Comments Off on April NYMEX Natural Gas Futures Contracts Closed at $2.812 on Thursday, February 28th

Thursday, February 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.833, roughly three cents above Wednesday’s closing price of $2.799.  Recording the intraday high of $2.843 at […]

The EIA reported a steep drop in U.S. crude oil stocks

By spragueoperati | February 28, 2019 | Comments Off on The EIA reported a steep drop in U.S. crude oil stocks

Recap: Crude oil prices received a double boost on Wednesday after the EIA reported a steep drop in U.S. crude oil stocks and from suggestions by Saudi Arabia that OPEC’s […]

April NYMEX Natural Gas Futures Contracts Closed at $2.799 on Wednesday, February 27th

By spragueoperati | February 28, 2019 | Comments Off on April NYMEX Natural Gas Futures Contracts Closed at $2.799 on Wednesday, February 27th

On Wednesday, February 27th – the April NYMEX Natural Gas Futures Contract began trading as the prompt month.  Opening at $2.742, five cents below Tuesday’s closing price of $2.796, prices […]

March NYMEX Natural Gas Futures Contracts Closed at $2.796 on Tuesday, February 26th

By spragueoperati | February 27, 2019 | Comments Off on March NYMEX Natural Gas Futures Contracts Closed at $2.796 on Tuesday, February 26th

On Tuesday, February 26th – settlement day for the March contract – the front-month NYMEX Natural Gas Futures Contracts opened at $2.885, five cents above Monday’s closing price of $2.836.  […]

The oil market stabilized on Tuesday on signs that OPEC plans to maintain its production cuts

By spragueoperati | February 27, 2019 | Comments Off on The oil market stabilized on Tuesday on signs that OPEC plans to maintain its production cuts

Recap: The oil market stabilized on Tuesday on signs that OPEC plans to maintain its production cuts despite the pressure from US President Donald Trump to ease its efforts to […]

Despite progress in trade talks between the U.S. and China, oil futures gave up early gains

By spragueoperati | February 26, 2019 | Comments Off on Despite progress in trade talks between the U.S. and China, oil futures gave up early gains

Recap: After posting fresh three month highs on Friday, crude oil prices fell sharply lower Monday following tweets by U.S. President Donald Trump calling on OPEC to “relax and take […]

March NYMEX Natural Gas Futures Contracts Closed at $2.836 on Monday, February 25th

By spragueoperati | February 26, 2019 | Comments Off on March NYMEX Natural Gas Futures Contracts Closed at $2.836 on Monday, February 25th

Monday, February 25th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.777, six cents above Friday’s closing price of $2.717.  Trending lower initially to seesaw along $2.765 through […]

Crude oil futures advanced for the second straight week

By spragueoperati | February 25, 2019 | Comments Off on Crude oil futures advanced for the second straight week

Recap: Crude oil futures reversed course on Friday to advance for the second straight week, as prices gained on upbeat trade talks between the U.S. and China. Both Brent and […]