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The Oil Market Rallied Higher Ahead of the Close and Settled Higher for the Fifth Consecutive Week

Par spragueoperati | juillet 31, 2023 | 0 commentaire

Recap:  On Friday, the oil market rallied higher ahead of the close and settled higher for the fifth consecutive week. The market retraced some of its previous gains but held […]

September NYMEX Natural Gas Futures Contract Closed at $2.595 on Thursday, July 27th

Par spragueoperati | juillet 28, 2023 | 0 commentaire

Thursday, July 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.573, nine cents below Wednesday’s closing price of $2.665. Achieving the intraday high of $2.589 early on, […]

The Market Continued to Trend Higher Remaining Supported by Supply Tightness and Optimism for Global Growth

Par spragueoperati | juillet 28, 2023 | 0 commentaire

Recap:  The oil market continued its upward trend on Thursday, breaching the $80.00 level and peaking at a level not seen since April 19th after it posted an inside trading […]

August NYMEX Natural Gas Futures Contract Closed at $2.665 on Wednesday, July 26th

Par spragueoperati | juillet 27, 2023 | 0 commentaire

Wednesday, July 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.698, three cents below Tuesday’s closing price of $2.730. Recording the intraday high as markets opened, prices […]

A Mostly Bearish Oil Inventory Report and the Expected 25 Basis Point Interest Rate Increase Announced by the Federal Reserve

Par spragueoperati | juillet 27, 2023 | 0 commentaire

Recap:  The crude oil market retraced some of its previous gains on Wednesday and posted an inside trading day following a mostly neutral to bearish oil inventory report and the […]

August NYMEX Natural Gas Futures Contract Closed at $2.730 on Tuesday, July 25th

Par spragueoperati | juillet 26, 2023 | 0 commentaire

Tuesday, July 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.680, just below Monday’s closing price of $2.685. Falling to the intraday low of $2.656 soon after […]

The Oil Market Continued to Rally a Three-Month High on Tuesday

Par spragueoperati | juillet 26, 2023 | 0 commentaire

Recap:  The oil market continued to rally a three-month high on Tuesday after the market was steady early in the session. The market traded higher ahead of the release of […]

Sprague Signs Offtake Agreement with Biofine for the Carbon-Negative Biofuel EL100

Par spragueoperati | juillet 25, 2023 | 0 commentaire

The agreement is a significant step towards decarbonizing the heating oil market and commercializing Biofine’s patented technology.                                                                         PORTLAND, ME – July 25, 2023 – Biofine Developments Northeast Inc. (Biofine) […]

August NYMEX Natural Gas Futures Contract Closed at $2.685 on Monday, July 24th

Par spragueoperati | juillet 25, 2023 | 0 commentaire

Monday, July 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.727, a penny above Friday’s closing price of $2.713. Coming off a pre-session rally, prices jumped to […]

Saudi Oil Output Cuts Impacting the Market and the Expectations that Further Stimulus in China Will Continue to Support Prices

Par spragueoperati | juillet 25, 2023 | 0 commentaire

Recap: The oil market continued to trend higher on Monday as it remained well supported by Saudi oil output cuts impacting the market and the expectations that further stimulus in […]