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March NYMEX Natural Gas Futures Contract Closed at $2.082 on Monday, February 5th

By spragueoperati | February 6, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.082 on Monday, February 5th

Monday, February 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.058, two cents below Friday’s closing price of $2.079. Recording the intraday low of $2.051 within minutes […]

The Oil Market Retraced Some Early Losses as it Weighed News Against Concerns Over the Tension in the Middle East

By spragueoperati | February 6, 2024 | Comments Off on The Oil Market Retraced Some Early Losses as it Weighed News Against Concerns Over the Tension in the Middle East

Recap:  The oil market retraced some early losses as it weighed economic news against concerns over the tension in the Middle East. The market traded lower in overnight trading after […]

March NYMEX Natural Gas Futures Contract Closed at $2.079 on Friday, February 2nd

By spragueoperati | February 5, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.079 on Friday, February 2nd

Friday, February 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.047, nearly even to Thursday’s closing price of $2.050. Recording the intraday low at the opening bell […]

Strong U.S. Jobs Data Diminished the Odds of Interest Rate Cuts in the Short Term

By spragueoperati | February 5, 2024 | Comments Off on Strong U.S. Jobs Data Diminished the Odds of Interest Rate Cuts in the Short Term

Recap:  The oil market extended its losses to over 2.7% on Friday morning as it traded as strong U.S. jobs data diminished the odds of interest rate cuts in the […]

March NYMEX Natural Gas Futures Contract Closed at $2.050 on Thursday, February 1st

By spragueoperati | February 2, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.050 on Thursday, February 1st

Thursday, February 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.098, nearly even to Wednesday’s closing price of $2.100. Trading gradually upward until tallying the intraday high […]

The Federal Reserve Said it Would Not Race to Cut Interest Rates on Wednesday

By spragueoperati | February 2, 2024 | Comments Off on The Federal Reserve Said it Would Not Race to Cut Interest Rates on Wednesday

Recap:  The oil market on Thursday sold off sharply early in the afternoon on speculation that Israel agreed to a Gaza ceasefire proposal. Instead, a Qatar official said that Hamas […]

March NYMEX Natural Gas Futures Contract Closed at $2.100 on Wednesday, January 31st

By spragueoperati | February 1, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.100 on Wednesday, January 31st

Wednesday, January 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.130, six cents above Tuesday’s closing price of $2.077. Trading along $2.110 through 10:00AM, prices fell to […]

Data Showing That Manufacturing Activity in China Contracted for the Fourth Consecutive Month in January

By spragueoperati | February 1, 2024 | Comments Off on Data Showing That Manufacturing Activity in China Contracted for the Fourth Consecutive Month in January

Recap:  The oil market remained pressured on Wednesday amid some weak economic data from China and an unexpected build in crude stocks. The market posted a high of $78.11 in […]

March NYMEX Natural Gas Futures Contract Closed at $2.077 on Tuesday, January 30th

By spragueoperati | January 31, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.077 on Tuesday, January 30th

Tuesday, January 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.081, three cents above Monday’s closing price of $2.054. Trading along the $2.070 level throughout the morning, […]

The Real Estate Crisis in China Fueled Concerns Over its Oil Demand

By spragueoperati | January 31, 2024 | Comments Off on The Real Estate Crisis in China Fueled Concerns Over its Oil Demand

Recap:  On Tuesday, the oil market traded within its recent trading range after the market sold off early in the session and later retraced its earlier losses. The crude market […]