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The Market’s Gains Were Limited by Signals that the European Central Bank is Not Done with Interest Rate Hikes

Par spragueoperati | juin 28, 2023 | 0 commentaire

Recap:   The oil market on Tuesday posted an outside trading day as the market’s gains were limited by signals that the European Central Bank is not done with interest rate […]

July NYMEX Natural Gas Futures Contract Closed at $2.791 on Monday, June 26th

Par spragueoperati | juin 27, 2023 | 0 commentaire

Monday, June 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.759, three cents above Friday’s closing price of $2.729. Continuing last week’s cooling-demand induced rally, prices moved […]

Traders Weighed Concerns about Global Demand Growth Against Upcoming Supply Disruptions

Par spragueoperati | juin 27, 2023 | 0 commentaire

Recap:  The oil market traded higher in a choppy session on Monday as traders weighed concerns about global demand growth against upcoming supply disruptions that could get exacerbated by political […]

July NYMEX Natural Gas Futures Contract Closed at $2.729 on Friday, June 23rd

Par spragueoperati | juin 26, 2023 | 0 commentaire

Friday, June 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.586, two cents below Thursday’s closing price of $2.608. Losing ground early on to record the intraday […]

The Crude Market on Friday Continued on a Downward Trend for a Second Consecutive Session

Par spragueoperati | juin 26, 2023 | 0 commentaire

Recap:  The crude oil market on Friday continued on a downward trend for a second consecutive session after it breached an upward trending support line during Thursday’s sell off. The […]

July NYMEX Natural Gas Futures Contract Closed at $2.608 on Thursday, June 22nd

Par spragueoperati | juin 23, 2023 | 0 commentaire

Thursday, June 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.594, nearly even to Wednesday’s closing price of $2.597. Trading sideways near $2.600 from the open until […]

The Impact of a Larger Than Expected Rate Hike by the Bank of England Outweighed a Larger Than Expected Draw in Crude Stocks

Par spragueoperati | juin 23, 2023 | 0 commentaire

Recap:  The oil market fell over 4% on Thursday as concerns over the impact of a larger than expected rate hike by the Bank of England outweighed a larger than […]

July NYMEX Natural Gas Futures Contract Closed at $2.597 on Wednesday, June 21st

Par spragueoperati | juin 22, 2023 | 0 commentaire

Wednesday, June 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.493, nearly even to Tuesday’s closing price of $2.492. Falling to the intraday low of $2.448 by […]

The Oil Market on Wednesday Continued to Trend Higher Ahead of the Release of the Weekly Petroleum Stock Reports

Par spragueoperati | juin 22, 2023 | 0 commentaire

Recap:  The oil market on Wednesday continued to trend higher ahead of the release of the weekly petroleum stock reports which are expected to show draws in stocks and the […]

July NYMEX Natural Gas Futures Contract Closed at $2.487 on Tuesday, June 20th

Par spragueoperati | juin 21, 2023 | 0 commentaire

Tuesday, June 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.645, a penny above Friday’s closing price of $2.632. Tallying a fresh one-month intraday high of $2.650 […]