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November NYMEX Natural Gas Futures Contract Closed at $2.971 on Friday, October 23rd

October 26, 2020
Friday, October 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $3.001, just below Thursday’s closing price $3.007.  Peaking at an intraday high of $3.005 minutes after the opening bell, prices then trended lower to mark an intraday low of $2.957 at 10:10AM.  ... Read More

Oil prices moved lower as Libya lifted its force majeure on oil exports

October 26, 2020
Recap: Oil prices crept lower on Friday, as Libya lifted its force majeure on oil exports, as its output continues to increase. This, plus the number of coronavirus cases surging across the globe, combined with the lack of another U.S. stimulus plan, pushed December WTI below the ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $3.007 on Thursday, October 22nd

October 23, 2020
Thursday, October 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $3.004, two cents below Wednesday’s closing price $3.023.  Falling to $2.988 soon after the opening bell, prices crept up to the $3.030 level ahead of 10:30AM.  Jumping to $3.034 as the weekly p ... Read More

Oil prices ended higher on the possibility of an economic stimulus packages

October 23, 2020
Recap: Oil futures ended higher on Thursday, encouraged by a drop in U.S. weekly jobless claims and the possibility of an economic stimulus package, but prices struggled to recover from Wednesday’s losses after higher U.S. gasoline inventories were reported by the EIA. Demand des ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $3.023 on Wednesday, October 21st

October 22, 2020
Wednesday, October 21st saw the front-month NYMEX Natural Gas Futures Contract open at $3.030, twelve cents above Tuesday’s closing price $2.913.  Eclipsing the $3.00 level for this first time in nearly two years, cooler forecasts and expectations for increased LNG demand continu ... Read More

The EIA showed that overall products supplied remained down 13% on the year

October 22, 2020
Recap: Oil futures declined on Wednesday after the EIA showed that overall products supplied, a proxy for demand, remained down 13% on the year and over the past four weeks when compared with the year ago period. The report also showed that domestic crude supplies fell for a seco ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.913 on Tuesday, October 20th

October 21, 2020
Tuesday, October 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.900, eleven cents below Monday’s closing price $2.795.  Ascending to a 21-month intraday high of $2.950 at 9:40AM, below average temperatures in much of the U.S. and increased LNG exports have ... Read More

Prices found support from expectations for a weekly drop in U.S. crude oil inventories

October 21, 2020
Recap: Oil prices erased early losses, to close near session highs, on hopes that the U.S. would reach a stimulus deal. Prices also found support from expectations for a weekly drop in U.S. crude oil inventories. Prices jumped just ahead of the expiration of the November WTI cont ... Read More
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Biofine and Sprague work together to market next generation of biofuels

October 20, 2020
PORTLAND, ME – October 20, 2020 -  Biofine Developments Northeast Inc. (Biofine) and Sprague Resources LP (Sprague) (NYSE: SRLP) are pleased to announce a transaction focused on bringing the next generation of advanced biofuel, ethyl levulinate (EL), to the market.  Biofine and S ... Read More

November NYMEX Natural Gas Futures Contract Closed at $2.795 on Monday, October 19th

October 20, 2020
Monday, October 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.712, six cents below Friday’s closing price $2.773.  Falling to an intraday low of $2.666 within minutes of the opening bell, prices then whipsawed to the upside.  Crossing midday near $2.790, ... Read More
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