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OPEC could extend agreed upon output cuts into 2019

Par spragueoperati | mars 26, 2018 | Commentaires fermés sur OPEC could extend agreed upon output cuts into 2019

Recap: Oil price rose on Friday, spurred by the possibility OPEC could extend agreed upon output cuts into 2019. Prices opened the session trading slightly below unchanged only to edge […]

Oil prices rose to their highest level in seven weeks but began to slip on Thursday

Par spragueoperati | mars 23, 2018 | Commentaires fermés sur Oil prices rose to their highest level in seven weeks but began to slip on Thursday

Recap: After rising to their highest level in seven weeks, oil prices, which had posted two straight days of gains, slipped on Thursday as traders took profits after attempts to […]

April NYMEX Natural Gas Futures Contracts Closed at $2.617 on Thursday, March 22nd

Par spragueoperati | mars 23, 2018 | Commentaires fermés sur April NYMEX Natural Gas Futures Contracts Closed at $2.617 on Thursday, March 22nd

Thursday, March 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.651, more than a penny above Wednesday’s closing price of $2.638.  Supported overnight by expectations of an […]

EIA reported a draw of 2.6 million barrels in U.S. crude oil inventories

Par spragueoperati | mars 22, 2018 | Commentaires fermés sur EIA reported a draw of 2.6 million barrels in U.S. crude oil inventories

Recap: After opening the session just above unchanged, May WTI retreated, testing support provided by yesterday’s break above $63.55. A lack of failure to trade below this level validated its […]

April NYMEX Natural Gas Futures Contracts Closed at $2.638 on Wednesday, March 21st

Par spragueoperati | mars 22, 2018 | Commentaires fermés sur April NYMEX Natural Gas Futures Contracts Closed at $2.638 on Wednesday, March 21st

Wednesday, March 21st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.694, nearly two cents above Tuesday’s closing price of $2.675.  Rising to the intraday high of $2.697 […]

Oil prices rose to their highest level in three weeks

Par spragueoperati | mars 21, 2018 | Commentaires fermés sur Oil prices rose to their highest level in three weeks

Recap:  After opening close to the unchanged level, oil prices climbed steadily throughout the session, rising to their highest level in 3 weeks. The impetuses behind the move were tensions […]

April NYMEX Natural Gas Futures Contracts Closed at $2.675 on Tuesday, March 20th

Par spragueoperati | mars 21, 2018 | Commentaires fermés sur April NYMEX Natural Gas Futures Contracts Closed at $2.675 on Tuesday, March 20th

Tuesday, March 20th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.668, nearly two cents above Monday’s closing price of $2.651.  Finding value in short-term below average temperatures, […]

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

Par spragueoperati | mars 20, 2018 | Commentaires fermés sur Tensions between Saudi Arabia and Iran aided in lifting prices off of the lows of the day

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, […]

April NYMEX Natural Gas Futures Contracts Closed at $2.651 on Monday, March 19th

Par spragueoperati | mars 20, 2018 | Commentaires fermés sur April NYMEX Natural Gas Futures Contracts Closed at $2.651 on Monday, March 19th

Monday, March 19th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.689, even to Friday’s closing price of $2.688.  Quick to shed pre-market gains, prices rose to the […]

April NYMEX Natural Gas Futures Contracts Closed at $2.688 on Friday, March 16th

Par spragueoperati | mars 19, 2018 | Commentaires fermés sur April NYMEX Natural Gas Futures Contracts Closed at $2.688 on Friday, March 16th

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 […]