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Recap: The oil market, which posted an inside trading day on Monday, retraced Friday’s sharp losses amid geopolitical tension in the Middle East, with Saudi airstrikes in Yemen causing concerns […]
With a frigid start to the winter season, many businesses are understandably concerned about how colder temperatures may impact their cost management in the months ahead. Winter weather has a […]
Recap: The oil market on Friday posted an outside trading session with thin volume trading following the Christmas Day holiday. The market weighed potential supply risks after the U.S. carried […]
Fundamental News: IIR Energy said U.S. oil refiners are expected to shut in about 145,000 bpd of capacity in the week ending December 26th, increasing available refining capacity by 41,000 bpd. […]
Recap: The crude oil market traded higher on Tuesday as the market weighed geopolitical risks and stronger than expected U.S. economic growth. The potential sales of Venezuelan crude seized by the […]
**Sprague Natural Gas MarketWatch will be on hiatus until the New Year** Monday, December 22nd saw the front-month NYMEX Natural Gas contract open at $3.965, $0.019 below Friday’s closing price […]
Recap: The oil market traded higher on Monday on increasing geopolitical risk with the U.S. intercepting an oil tanker in the international waters off the coast of Venezuela and tensions […]
Recap: The oil market on Friday continued to trade mostly sideways as the market continued to weigh the prospects of a Russia-Ukraine peace deal against the concerns of the increasing […]
Friday, December 19th saw the front-month NYMEX Natural Gas contract open at $3.876, $0.032 below Thursday’s closing price of $3.908. Recording the intraday low of $3.875 within minutes of the […]
Recap: The oil market steadied as the market assessed the likelihood of further U.S. sanctions against Russia and the impact of a blockade of Venezuelan oil tankers. On Wednesday, Bloomberg […]