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March NYMEX Natural Gas Futures Contracts Closed at $2.642 on Monday, February 11th

February 12, 2019
Monday, February 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.727, fourteen cents above Friday’s closing price of $2.583.  Extending to the intraday high of $2.744 as markets opened, prices were quick to return to last week’s bearish trend and fell belo ... Read More

The U.S. and China aren’t any closer to a trade agreement

February 12, 2019
Recap: WTI fell to fresh three week lows on Monday, as it became more apparent that the U.S. and China aren’t any closer to a trade agreement. While Beijing struck an upbeat note, it also expressed anger at a U.S. Navy mission through the disputed South China Sea. This cast a sha ... Read More
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150-year-old energy company promotes industry-first solar panels for use on petroleum tanks

February 11, 2019
Thin-film solar application helps oil industry embrace green energy and meet sustainability goals Portsmouth, NH (February 11, 2019) – The energy industry is evolving quickly, and the desire to improve sustainability is greater than ever. Today, Sprague Resources LP (NYSE: ... Read More

March NYMEX Natural Gas Futures Contracts Closed at $2.583 on Friday, February 8th

February 11, 2019
Friday, February 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.586, more than three cents above Thursday’s closing price of $2.551.  Trailing downward to the intraday low of $2.558 by 9:40AM, the contract scurried upward through the day in an effort to st ... Read More

Traders have begun to focus on demand and the impact the slowing global economy will have on it

February 11, 2019
Recap: Oil futures traded sideways within a narrow range on Friday, gravitating around the unchanged level for most of the session. Despite Saudi Arabia shaving 400,000 barrels per day of production during the month of January, oil prices remained under pressure. With the OPEC's ... Read More
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March NYMEX Natural Gas Futures Contracts Closed at $2.551 on Thursday, February 7th

February 8, 2019
Thursday, February 7th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.625, slightly above Wednesday’s closing price of $2.662.  Tallying an intraday high of $2.636 at 9:20AM, prices slid to $2.615 ahead of the 10:30AM storage publication.  Directed downward up ... Read More

WTI fell to its lowest level in more than a week

February 8, 2019
Recap: WTI fell to its lowest level in more than a week amid concerns that the standoff on a trade deal between the U.S. and China is going to continue. The upside correction that began back in the middle of December seems to have reached a stalling point. Prices have been tradin ... Read More
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EIA reported that domestic crude oil inventories rose 1.3 million barrels

February 7, 2019
Recap: After two consecutive down days, oil prices reversed course, as U.S. crude oil supplies rose less than expected. According to the EIA report, domestic crude oil inventories rose 1.3 million barrels for the week ended Feb 1, much smaller than the expected 3.7 million barrel ... Read More
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March NYMEX Natural Gas Futures Contracts Closed at $2.662 on Wednesday, February 6th

February 7, 2019
Wednesday, February 6th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.688, nearly three cents above Tuesday’s closing price of $2.662.  Trending gradually lower until finding the intraday low of $2.651 ahead of midday, the contract then mounted an ascent to r ... Read More
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