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OPEC+’s Joint Ministerial Monitoring Committee Recommended Making No Changes to its Output Policy

By spragueoperati | February 2, 2023 | Comments Off on OPEC+’s Joint Ministerial Monitoring Committee Recommended Making No Changes to its Output Policy

Recap:  The oil market posted an outside trading day on Wednesday, trading to its high in overnight trading ahead of the OPEC+ meeting and EIA inventory report before it gave up […]

March NYMEX Natural Gas Futures Contract Closed at $2.684 on Tuesday, January 31st

By spragueoperati | February 1, 2023 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.684 on Tuesday, January 31st

Tuesday, January 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.634, four cents below Monday’s closing price of $2.677. Marking the intraday low of $2.614 within minutes […]

The U.S. Dollar Pared Early Gains and the Equities Markets Opened Higher

By spragueoperati | February 1, 2023 | Comments Off on The U.S. Dollar Pared Early Gains and the Equities Markets Opened Higher

Recap: The oil market on Tuesday rebounded from its earlier lows as the U.S. dollar pared early gains and the equities markets opened higher after wage growth data signaled easing […]

March NYMEX Natural Gas Futures Contract Closed at $2.677 on Monday, January 30th

By spragueoperati | January 31, 2023 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.677 on Monday, January 30th

Monday, January 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.676, seventeen cents below Friday’s closing price of $2.849. Losing ground over the weekend, updated forecasts reduced […]

The Oil Market Extended its Losses Ahead of Increases in Interest Rates

By spragueoperati | January 31, 2023 | Comments Off on The Oil Market Extended its Losses Ahead of Increases in Interest Rates

Recap:  The oil market extended its losses ahead of increases in interest rates by major central banks and signs of strong Russian exports, offset rising tensions in the Middle East […]

March NYMEX Natural Gas Futures Contract Closed at $2.849 on Friday, January 27th

By spragueoperati | January 30, 2023 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.849 on Friday, January 27th

Friday, January 27th saw the February NYMEX Natural Gas Futures Contract open at $2.830, twenty-four cents below Wednesday’s closing price of $2.944. February settled higher on Friday at $3.109. The […]

The Crude Market Extended Thursday’s Gains and Breached its Previous High

By spragueoperati | January 30, 2023 | Comments Off on The Crude Market Extended Thursday’s Gains and Breached its Previous High

Recap:  The oil market on Friday posted an outside trading day, as it reversed its early gains and sold off as traders booked profits ahead of the weekend and the […]

February NYMEX Natural Gas Futures Contract Closed at $2.944 on Thursday, January 26th

By spragueoperati | January 27, 2023 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.944 on Thursday, January 26th

Thursday, January 26th saw the February NYMEX Natural Gas Futures Contract open at $2.830, twenty-four cents below Wednesday’s closing price of $3.067. Testing 18-month lows early on, prices bounced around […]

The Oil Market Traded Higher on Thursday on Positive U.S. Economic Data

By spragueoperati | January 27, 2023 | Comments Off on The Oil Market Traded Higher on Thursday on Positive U.S. Economic Data

Recap:  The oil market traded higher on Thursday on positive U.S. economic data. The market, which traded mostly sideways in overnight trading, rallied higher following the Commerce Department report showing that […]

February NYMEX Natural Gas Futures Contract Closed at $3.067 on Wednesday, January 25th

By spragueoperati | January 26, 2023 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $3.067 on Wednesday, January 25th

Wednesday, January 25th saw the February NYMEX Natural Gas Futures Contract open at $3.090, nearly seventeen cents below Tuesday’s closing price of $3.258. Tallying a 18-month intraday low of $3.055 […]