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Oil markets continued downward spiral for 12th consecutive trading session

November 14, 2018
Recap:  The oil markets continued to be in an unrelenting downward spiral for the 12th consecutive trading session Tuesday, as speculative traders continued flee this market. The U.S. oil markets saw two bursts of selling, the first came around 10 AM EST as the downward trend lin ... Read More
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December NYMEX Natural Gas Futures Contracts Closed at $3.788 on Monday, November 12th

November 13, 2018
Monday, November 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.833, roughly eleven cents above Friday’s closing price of $3.719.  Spurred on by increasingly cold forecasts to cover key demand parts of the country over the next two weeks, prices tallied t ... Read More

Rising production and softening U.S. sanctions against Iran pushed oil prices lower

November 13, 2018
Recap: U.S. President Donald Trump’s expression of disapproval over the possibility of production cuts combined with rising production and softening U.S. sanctions against Iran, slowed down what appeared to be the largest one-day gain in a month for oil prices. Oil prices, which ... Read More
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Sprague Leads the Charge in NYC Renewable Diesel Supply

November 13, 2018
Nearly one million gallons of alternative diesel fuel consumed during trial period New York, N.Y. (November 13, 2018) – It’s no secret that the energy industry has gone through significant changes over the last 150 years, from wood and coal to natural gas and petroleum. To ... Read More

December NYMEX Natural Gas Futures Contracts Closed at $3.719 on Friday, November 9th

November 12, 2018
Friday, November 9th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.663, twelve cents above Thursday’s closing price of $3.543.  Despite the week’s bearish storage injection, prices surged higher Friday morning as cold weather continues to drive substantial ga ... Read More

Oil prices marked tenth consecutive session of losses

November 12, 2018
Recap: U.S. oil prices fell to fresh multi-month lows on Friday, marking the tenth consecutive session of losses. Increasing global supplies continue to spread fear that fuel demand will suffer, as trade wars between China and the U.S. continue to raise concern over a weakening g ... Read More
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December NYMEX Natural Gas Futures Contracts Closed at $3.543 on Thursday, November 9th

November 9, 2018
Thursday, November 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.544, one cent below Wednesday’s closing price of $3.555.  Ascending to the $3.56 level at 9:30AM, prices returned to the day’s opening mark an hour later as the storage report loomed.  Sinki ... Read More

Oil prices fell for the ninth consecutive session on Thursday

November 9, 2018
Recap: U.S. oil prices fell for the ninth consecutive session on Thursday, with WTI reaching a five month low and Brent falling to its lowest level in three months, as geopolitical concerns, deteriorating demand and rising output continue to overshadow U.S. imposed sanctions on I ... Read More
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December NYMEX Natural Gas Futures Contracts Closed at $3.555 on Wednesday, November 7th

November 8, 2018
Wednesday, November 7th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.507, five cents below Tuesday’s closing price of $3.555.  In a volatile day of trading, the contract traded within a five-cent range through the morning, marking the intraday low $3.492 at ... Read More

The EIA reported that U.S. crude oil production reached record levels

November 8, 2018
Recap: Oil prices fell for the eighth straight session on Wednesday after the EIA reported U.S. crude oil production reached record levels, as domestic crude oil inventories rose for the seventh week in a row. Prices began the session trading to the upside after it was reported t ... Read More
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