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A Smaller Than Expected Build in Crude Stocks and Large Draws in Product Stocks

Par spragueoperati | mars 7, 2024 | 0 commentaire

Recap:  The crude market traded higher on Wednesday on a smaller than expected build in crude stocks and large draws in product stocks as well as remarks by U.S. Federal […]

April NYMEX Natural Gas Futures Contract Closed at $1.957 on Tuesday, March 5th

Par spragueoperati | mars 6, 2024 | 0 commentaire

Tuesday, March 5th saw the front-month NYMEX Natural Gas Futures Contract open at $1.914, nearly even to Monday’s closing price of $1.916. Trading within a tight band near $1.910 throughout […]

China Announced an Economic Growth Target of 5% for 2024

Par spragueoperati | mars 6, 2024 | 0 commentaire

Recap:  The oil market continued to trend lower for the second consecutive session after China’s economic growth targets provided little optimism about an immediate economic rebound. China announced an economic […]

April NYMEX Natural Gas Futures Contract Closed at $1.916 on Monday, March 4th

Par spragueoperati | mars 5, 2024 | 0 commentaire

Monday, March 4th saw the front-month NYMEX Natural Gas Futures Contract open at $1.971, fourteen cents above Friday’s closing price of $1.835. Prices were directed higher before markets opened yesterday, […]

An Inside Trading Day on Monday Following the Widely Expected Extension of Voluntary Output Cuts

Par spragueoperati | mars 5, 2024 | 0 commentaire

Recap:  The oil market posted an inside trading day on Monday following the widely expected extension of voluntary output cuts through the middle of the year by OPEC+. On Sunday, […]

April NYMEX Natural Gas Futures Contract Closed at $1.835 on Friday, March 1st

Par spragueoperati | mars 4, 2024 | 0 commentaire

Friday, March 1st saw the front-month NYMEX Natural Gas Futures Contract open at $1.842, two cents below Thursday’s closing price of $1.860. Falling to the intraday low of $1.810 by […]

The Market Awaited an OPEC+ Decision on Supply Agreements for the Second Quarter

Par spragueoperati | mars 4, 2024 | 0 commentaire

Recap:  The oil market rallied higher on Friday and ended the week 4.55% higher as the market awaited an OPEC+ decision on supply agreements for the second quarter. Earlier in […]

April NYMEX Natural Gas Futures Contract Closed at $1.808 on Thursday, February 29th

Par spragueoperati | mars 1, 2024 | 0 commentaire

Thursday, February 29th saw the front-month NYMEX Natural Gas Futures Contract open at $1.856, three cents below Wednesday’s closing price of $1.885. Recording the intraday low of $1.839 within minutes […]

The Market Bounced Higher Ahead of the Release of U.S. Inflation Data for January

Par spragueoperati | mars 1, 2024 | 0 commentaire

Recap:  The oil market posted an inside trading day after it posted the day’s trading range by mid-day. The market posted a low of $77.95 in overnight trading. However, the […]

April NYMEX Natural Gas Futures Contract Closed at $1.808 on Wednesday, February 28th

Par spragueoperati | février 29, 2024 | 0 commentaire

Wednesday, February 28th saw the front-month NYMEX Natural Gas Futures Contract open at $1.857, five cents above Tuesday’s closing price of $1.808. Supported by short-term cold settling in the Midwest […]