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Saudi Arabia and Russia Extended Their Voluntary Supply Cuts by Three Months to the End of the Year

Par spragueoperati | septembre 6, 2023 | Commentaires fermés sur Saudi Arabia and Russia Extended Their Voluntary Supply Cuts by Three Months to the End of the Year

Recap:  The oil market rallied higher on Tuesday after Saudi Arabia and Russia extended their voluntary supply cuts by three months to the end of the year. The market traded […]

October NYMEX Natural Gas Futures Contract Closed at $2.765 on Friday, September 1st

Par spragueoperati | septembre 5, 2023 | Commentaires fermés sur October NYMEX Natural Gas Futures Contract Closed at $2.765 on Friday, September 1st

Friday, September 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.819, five cents above Thursday’s closing price of $2.768. Climbing steadily early on to record an intraday […]

Economic Indicators Continued to Surprise Market Participants by the Resiliency of the U.S. Economy

Par spragueoperati | septembre 5, 2023 | Commentaires fermés sur Economic Indicators Continued to Surprise Market Participants by the Resiliency of the U.S. Economy

Recap: The oil markets basically kept moving higher again on Friday, as economic indicators continued to surprise market participants by the resiliency of the U.S. economy. In addition growing market […]

October NYMEX Natural Gas Futures Contract Closed at $2.768 on Thursday, August 31st

Par spragueoperati | septembre 1, 2023 | Commentaires fermés sur October NYMEX Natural Gas Futures Contract Closed at $2.768 on Thursday, August 31st

Thursday, August 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.793, nearly even to Wednesday’s closing price of $2.796. Losing ground to trade along $2.750 heading into […]

Potential Russian Agreement with OPEC+ to Extend Current Production Cuts into October

Par spragueoperati | septembre 1, 2023 | Commentaires fermés sur Potential Russian Agreement with OPEC+ to Extend Current Production Cuts into October

Recap: The NYMEX October WTI contract continued to surge higher today, settling up for the seventh consecutive trading session and recording its highest settlement since August 9th as it settled […]

October NYMEX Natural Gas Futures Contract Closed at $2.796 on Wednesday, August 30th

Par spragueoperati | août 31, 2023 | Commentaires fermés sur October NYMEX Natural Gas Futures Contract Closed at $2.796 on Wednesday, August 30th

Wednesday, August 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.650, a penny below Tuesday’s closing price of $2.662. Following a brief dip to the intraday low […]

The Oil Market Continued to Trend Higher on Wednesday in Light of the Weekly Petroleum Stocks Report Showing Larger Than Expected Draws in Oil Stocks

Par spragueoperati | août 31, 2023 | Commentaires fermés sur The Oil Market Continued to Trend Higher on Wednesday in Light of the Weekly Petroleum Stocks Report Showing Larger Than Expected Draws in Oil Stocks

Recap:  The oil market continued to trend higher on Wednesday in light of the weekly petroleum stocks report showing larger than expected draws in oil stocks. This followed the market’s […]

October NYMEX Natural Gas Futures Contract Closed at $2.662 on Tuesday, August 29th

Par spragueoperati | août 30, 2023 | Commentaires fermés sur October NYMEX Natural Gas Futures Contract Closed at $2.662 on Tuesday, August 29th

Tuesday, August 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.550, three cents below Monday’s closing price of $2.579. Straddling the $2.550 mark for the majority of […]

The Market’s Concern Over the Possibility of Another U.S. Interest Rate Increase Was Offset by Supply Concerns Due to Hurricane Idalia Moving Into the U.S. Gulf Coast

Par spragueoperati | août 30, 2023 | Commentaires fermés sur The Market’s Concern Over the Possibility of Another U.S. Interest Rate Increase Was Offset by Supply Concerns Due to Hurricane Idalia Moving Into the U.S. Gulf Coast

Recap:  The oil market posted an outside trading day on Tuesday as the market’s concern over the possibility of another U.S. interest rate increase was offset by supply concerns due […]

September NYMEX Natural Gas Futures Contract Closed at $2.579 on Monday, August 28th

Par spragueoperati | août 29, 2023 | Commentaires fermés sur September NYMEX Natural Gas Futures Contract Closed at $2.579 on Monday, August 28th

Monday, August 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.657, twelve cents above Friday’s closing price of $2.540. Continuing its pre-session momentum to attain the intraday […]