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There Was Not Any Near Term Storm Threat to Offshore Oil Production in the Gulf of Mexico

Par spragueoperati | août 22, 2023 | Commentaires fermés sur There Was Not Any Near Term Storm Threat to Offshore Oil Production in the Gulf of Mexico

Recap:  The oil market was basically on a roller coaster today as it spent time in both positive and negative territory, but at the end of the day it finished […]

September NYMEX Natural Gas Futures Contract Closed at $2.551 on Friday, August 18th

Par spragueoperati | août 21, 2023 | Commentaires fermés sur September NYMEX Natural Gas Futures Contract Closed at $2.551 on Friday, August 18th

Friday, August 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.533, nine cents below Thursday’s closing price of $2.621. Slipping to the intraday low of $2.524 within […]

Concerns over China’s Economy Offset Any Signs of Tight Supply

Par spragueoperati | août 21, 2023 | Commentaires fermés sur Concerns over China’s Economy Offset Any Signs of Tight Supply

Recap:  The oil market settled higher on the day but fell 2% on the week following seven weeks of gains as concerns over China’s economy offset any signs of tight […]

September NYMEX Natural Gas Futures Contract Closed at $2.621 on Thursday, August 17th

Par spragueoperati | août 18, 2023 | Commentaires fermés sur September NYMEX Natural Gas Futures Contract Closed at $2.621 on Thursday, August 17th

Thursday, August 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.627, nearly four cents above Wednesday’s closing price of $2.592. Ascending to the intraday high of $2.670 […]

The Oil Market on Thursday Remained in its Downward Trend Channel but Rebounded After Falling Nearly 5%

Par spragueoperati | août 18, 2023 | Commentaires fermés sur The Oil Market on Thursday Remained in its Downward Trend Channel but Rebounded After Falling Nearly 5%

Recap:  The oil market on Thursday remained in its downward trend channel but rebounded after falling nearly 5% over the previous three trading sessions this week in a sell-off that […]

September NYMEX Natural Gas Futures Contract Closed at $2.592 on Wednesday, August 16th

Par spragueoperati | août 17, 2023 | Commentaires fermés sur September NYMEX Natural Gas Futures Contract Closed at $2.592 on Wednesday, August 16th

Wednesday, August 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.631, three cents below Tuesday’s closing price of $2.659. Once again marking the intraday high within minutes […]

U.S. Crude Oil Production Increased to a Three-Year High

Par spragueoperati | août 17, 2023 | Commentaires fermés sur U.S. Crude Oil Production Increased to a Three-Year High

Recap:  The crude oil market on Wednesday continued to trend lower despite a bullish draw in crude stocks of nearly 6 million barrels in the week ending August 11th. However, […]

September NYMEX Natural Gas Futures Contract Closed at $2.659 on Tuesday, August 15th

Par spragueoperati | août 16, 2023 | Commentaires fermés sur September NYMEX Natural Gas Futures Contract Closed at $2.659 on Tuesday, August 15th

Tuesday, August 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.722, seven cents below Monday’s closing price of $2.795. Marking the intraday high of $2.722 soon after […]

China’s Industrial Output and Retail Sales Data Showed the Economy Slowed Further in July

Par spragueoperati | août 16, 2023 | Commentaires fermés sur China’s Industrial Output and Retail Sales Data Showed the Economy Slowed Further in July

Recap:   The oil market remained on the defensive and sold off for the fourth consecutive session on Tuesday amid disappointing economic data out of China and fears that China’s unexpected […]

September NYMEX Natural Gas Futures Contract Closed at $2.795 on Monday, August 14th

Par spragueoperati | août 15, 2023 | Commentaires fermés sur September NYMEX Natural Gas Futures Contract Closed at $2.795 on Monday, August 14th

Monday, August 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.785, nearly two cents above Friday’s closing price of $2.770. Posting a shaky ascent to an intraday […]