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The Oil Market on Thursday Continued Higher in its Upward Trend Channel on Concerns of Tighter Supply

Par spragueoperati | septembre 15, 2023 | 0 commentaire

Recap:  The oil market on Thursday continued higher in its upward trend channel on concerns of tighter supply. The market retraced some of Wednesday’s losses but remained range bound as […]

October NYMEX Natural Gas Futures Contract Closed at $2.680 on Wednesday, September 13th

Par spragueoperati | septembre 14, 2023 | 0 commentaire

Wednesday, September 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.769, nearly three cents above Tuesday’s closing price of $2.743. In a volatile day of trading, prices […]

An Unexpected Build in Oil Inventories Offset Expectations of a Tight Market

Par spragueoperati | septembre 14, 2023 | 0 commentaire

Recap:  The oil market continued on its upward trend in overnight trading before an unexpected build in oil inventories offset expectations of a tight market. The market rallied higher in […]

October NYMEX Natural Gas Futures Contract Closed at $2.743 on Tuesday, September 12th

Par spragueoperati | septembre 13, 2023 | 0 commentaire

Tuesday, September 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.670, seven cents above Monday’s closing price of $2.608. Trending lower to tally the intraday low of […]

The Oil Market Reversed Monday’s Small Declines and Continued on its Recent Uptrend

Par spragueoperati | septembre 13, 2023 | 0 commentaire

Recap:   The oil market reversed Monday’s small declines and continued on its recent uptrend. The market was supported by a tighter supply outlook and as OPEC maintained its demand growth […]

October NYMEX Natural Gas Futures Contract Closed at $2.608 on Monday, September 11th

Par spragueoperati | septembre 12, 2023 | 0 commentaire

Monday, September 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.595, a penny below Friday’s closing price of $2.605. Seeking direction in the session’s opening hour, prices […]

The Market Awaited Monthly U.S. Economic Data on Inflation and Retail Sales Later This Week

Par spragueoperati | septembre 12, 2023 | 0 commentaire

Recap:  The oil market traded mostly sideways on Monday as the market awaited monthly U.S. economic data on inflation and retail sales later this week. The market traded sideways in […]

October NYMEX Natural Gas Futures Contract Closed at $2.605 on Friday, September 8th

Par spragueoperati | septembre 11, 2023 | 0 commentaire

Friday, September 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.632, five cents above Thursday’s closing price of $2.579. Traders sustained the previous day’s storage-induced rally throughout […]

The Market Remained Well Supported by Saudi Arabia and Russia’s Voluntary Extension of Their Combined Output Cuts

Par spragueoperati | septembre 11, 2023 | 0 commentaire

Recap:  The oil market on Friday posted an outside trading day but continued to trade within Wednesday’s trading range. The market, which continued to take further profits in overnight trading, […]

October NYMEX Natural Gas Futures Contract Closed at $2.579 on Thursday, September 7th

Par spragueoperati | septembre 8, 2023 | 0 commentaire

Thursday, September 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.509, nearly even to Wednesday’s closing price of $2.510. Marking the intraday low of $2.500 within minutes […]