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June NYMEX Natural Gas Futures Contract Closed at $2.567 on Friday, May 3rd

May 6, 2019
Friday, May 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.574, nearly two cents below Thursday’s closing price of $2.589.  Marking the intraday high of $2.581 as markets opened, prices slipped in the following hour to reach the intraday low of $2.553 at 10 ... Read More

Prices gathered strength from strong economic data out of the U.S. and production losses out of Iran and Venezuela

May 6, 2019
Recap: Oil prices rebounded on Friday after falling by more than 2 percent on Thursday. Prices gathered strength from strong economic data out of the U.S. and production losses out of Iran and Venezuela. After dipping lower in overnight trading, June WTI recovered, rising 1.1 per ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.589 on Thursday, May 2nd

May 3, 2019
Thursday, May 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.604, nearly two cents below Wednesday’s closing price of $2.620.  Extending to an intraday high of $2.614 as markets opened, prices were quick to retreat and settle in along $2.585 through 10:30AM ... Read More

U.S. crude oil inventories have increased five out of the last six weeks

May 3, 2019
Recap: Crude oil prices slipped on Thursday, pressured by robust U.S. inventories and surging U.S. production. June futures were at $60.95 at 11:59 ET, down $2.65, or 4.1 percent, while July Brent slipped to a session low of $69.68, down $2.50 or 3.4 percent. U.S. crude oil inven ... Read More
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The EIA reported a 9.9 million barrel build in U.S. crude oil inventories

May 2, 2019
Recap: Crude oil prices slipped as much as 1.7 percent on Wednesday after the EIA reported a 9.9 million barrel build in U.S. crude oil inventories, the largest weekly gain so far this year, and the highest level since September 2017. Analysts were expecting a 1.4 million barrel ... Read More
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Coen Energy announces name change to Sprague Energy to reflect broader resources to better meet customer fuel needs

May 1, 2019
Washington, PA (May 1, 2019) – Coen Energy LLC, a local leader in fuel delivery and related services, announced today that it is changing its name to Sprague Energy LLC. The change reflects the more expansive offerings and commitment Sprague is making to provide energy products a ... Read More

Crude oil prices bounced back on Tuesday

May 1, 2019
Recap: Crude oil prices bounced back on Tuesday after the Saudi energy minister said a deal between OPEC and other major producers to curb output could be extended to the end of 2019 and as political tensions in Venezuela heated up. June Brent climbed 1.7 percent to a session hig ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.575 on Tuesday, April 30th

May 1, 2019
Tuesday, April 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.594, nearly even to Monday’s closing price of $2.593.  Tallying an intraday high of $2.600 at 9:30AM, the contract then lost its footing and sank to the intraday low of $2.565 by 10:10AM.  Recov ... Read More

June NYMEX Natural Gas Futures Contract Closed at $2.593 on Monday, April 29th

April 30, 2019
On Monday, April 29th – the June NYMEX Natural Gas Futures Contract began trading as the prompt month. Opening at $2.560, two cents below Friday’s closing price of $2.580, prices rose steadily out of the gate to reach above $2.580 by 9:20AM.  Trailing downward to an intraday low ... Read More

U.S. President Donald Trump requested for OPEC to ramp up production in an effort to keep prices down

April 30, 2019
Recap: After falling 1.4 percent, to a session low of $71.11, June Brent rose $1.39, to $72.50 a barrel by 13:30 p.m. ET, while June WTI bounced a $1.23 to a session high of $63.69. Prices were driven higher due to uncertainty over OPEC’s response to U.S. President Donald Trump’s ... Read More
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