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Tensions between Saudi Arabia and Iran aided in lifting prices off of the lows of the day

March 20, 2018
Recap: Trading in crude oil was choppy on Monday, with prices trading mostly to the downside. A significant sell-off came as the equity markets fell, putting traders into panic mode, which in turn pushed May WTI down 1.6% to a low of $61.36 a barrel, while May Brent slipped 1.2%, ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.688 on Friday, March 16th

March 19, 2018
Friday, March 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.680, even with Thursday’s closing price of $2.681.  Trading within a tight band along the $2.68 mark for the majority of the day, growth supported by forecasts for below-average temperatures ove ... Read More

The crude market wavered between gains and losses early in the session

March 19, 2018
Recap: The crude market traded mostly sideways for most of Friday’s session as it wavered between gains and losses early in the session.  However, the market posted a low of $61.08 and quickly bounced off that level, extending its gains to $1.24 as it rallied to $62.43 by mid-day ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.681 on Thursday, March 15th

March 16, 2018
Thursday, March 15th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.740, a penny above Wednesday’s closing price of $2.731.  Climbing to the intraday high of $2.745 by 9:20AM, prices then retreated to the $2.73 mark as traders awaited the weekly storage public ... Read More

The oil market ended the session in positive territory for the second consecutive day

March 16, 2018
Recap: The oil market remained in its sideway trading pattern on Thursday and ended the session in positive territory for the second consecutive day.  The market posted a low of $60.82 in overnight trading but bounced off that level and rallied to a high of $61.54 in early mornin ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.731 on Wednesday, March 14th

March 15, 2018
Wednesday, March 14th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.740, nearly five cents below Tuesday’s closing price of $2.786.  Receding overnight with traders shifting their focus to milder spring temperatures, short-term demand gave way as the contract ... Read More

The oil market fell in choppy trading, as a larger than expected build in crude stocks pressured prices lower

March 15, 2018
Recap: The oil market continued to trade within its sideways trading range on Wednesday, holding support at the $60 level.  The market traded higher early in the session as strong Chinese factory activity supported commodity markets.  China’s industrial output increased more than ... Read More
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Secretary of State, Rex Tillerson, being replaced by CIA Director, Mike Pompeo, may potentially have very big implications for both the Iran deal and US policy towards Venezuela

March 14, 2018
Recap: The oil market rallied higher on Tuesday morning on news that President Donald Trump fired Secretary of State Rex Tillerson. The Secretary of State’s firing increases risks to a multinational agreement to limit Iran’s nuclear capabilities, raising questions about potential ... Read More
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Sprague Resources LP Reports Fourth Quarter and Full Year 2017 Results

March 14, 2018
Partnership issues 2018 Adjusted EBITDA Guidance of $120 to $140 Million Portsmouth, NH (March 14, 2018) - Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the fourth quarter and twelve months ended December 31, 2017. Fourth Quarter 201 ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.778 on Monday, March 5th

March 13, 2018
Monday, March 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.781, five cents above Friday’s closing price of $2.732.  Buoyed by below average temperatures ranging from the southeast to the mid-Atlantic and the impending Nor’easter, prices rose through the ... Read More
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