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The Market Weighed Economic Concerns Against Plans by OPEC+ Producers to Cut Their Output

Par spragueoperati | avril 6, 2023 | 0 commentaire

Recap:  The oil market posted an inside trading day as it failed to breach its previous trading range. The market weighed economic concerns against plans by OPEC+ producers to cut […]

May NYMEX Natural Gas Futures Contract Closed at $2.106 on Tuesday, April 4th

Par spragueoperati | avril 5, 2023 | 0 commentaire

Tuesday, April 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.129, three cents above Monday’s closing price of $2.097. Tallying the intraday high of $2.135 within minutes […]

The Market Weighed the OPEC+ Production Cut Against Weak Economic Data

Par spragueoperati | avril 5, 2023 | 0 commentaire

Recap: The oil market on Tuesday ended the session mostly sideway as the market weighed the OPEC+ production cut against weak economic data. In overnight trading, the market extended its […]

May NYMEX Natural Gas Futures Contract Closed at $2.097 on Monday, April 3rd

Par spragueoperati | avril 4, 2023 | 0 commentaire

Monday, April 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.113, ten cents below Friday’s closing price of $2.216. Ascending to the intraday high of $2.160 by […]

OPEC and its Allies Surprised the Market With an Announcement on Sunday That it is Cutting its Production

Par spragueoperati | avril 4, 2023 | 0 commentaire

Recap:  The oil market surged higher on Monday after OPEC and its allies, including Russia, surprised the market with an announcement on Sunday that it is cutting its production target […]

U.S. Inflation Data Showed Some Signs of Price Pressures Easing

Par spragueoperati | avril 3, 2023 | 0 commentaire

Recap:  Oil prices continued to move higher on Friday as U.S. inflation data showed some signs of price pressures easing. The market posted a low of $73.77 in overnight trading […]

May NYMEX Natural Gas Futures Contract Closed at $2.104 on Thursday, March 30th

Par spragueoperati | mars 31, 2023 | 0 commentaire

Thursday, March 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.142, four cents below Wednesday’s closing price of $2.184. Ascending to the intraday high of $2.165 shortly […]

The Oil Market on Thursday Posted an Outside Trading Day as it Continued to Erase Wednesday’s Early Gains

Par spragueoperati | mars 31, 2023 | 0 commentaire

Recap:  The oil market on Thursday posted an outside trading day as it continued to erase Wednesday’s early gains in overnight trading and later bounced higher. The market extended its […]

May NYMEX Natural Gas Futures Contract Closed at $2.184 on Wednesday, March 29th

Par spragueoperati | mars 30, 2023 | 0 commentaire

Wednesday, March 29th, settlement day for the April contract saw the front-month NYMEX contract open at $1.981, five cents below Tuesday’s closing price of $2.030. In a sparse day of […]

The Crude Market Was Well Supported by the API Report Showing an Unexpected Draw in Oil Stocks

Par spragueoperati | mars 30, 2023 | 0 commentaire

Recap:  The oil market traded lower following some choppy trading as traders took profits following two consecutive days of gains. Early in the session, the crude market was well supported […]