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Oil Prices Ticked Higher on Wednesday

By spragueoperati | October 6, 2022 | Comments Off on Oil Prices Ticked Higher on Wednesday

Recap:  Oil prices ticked higher on Wednesday after it was reported that the OPEC+ monitoring committee had agreed to cutting output by 2 million barrels a day. The cut was […]

November NYMEX Natural Gas Futures Contract Closed at $6.837 on Tuesday, October 4th

By spragueoperati | October 5, 2022 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $6.837 on Tuesday, October 4th

Tuesday, October 4th saw the November NYMEX Natural Gas Futures Contract open at $6.453, two cents below Monday’s closing price of $6.470. Marking the intraday low of $6.412 by 9:15AM, […]

OPEC+ May Be Considering an Even Larger Cut Than Previously Expected

By spragueoperati | October 5, 2022 | Comments Off on OPEC+ May Be Considering an Even Larger Cut Than Previously Expected

Recap:  Oil futures jumped on Tuesday after it was reported that OPEC+ may be considering an even larger cut than previously expected.  An anonymous source reported that the group is […]

November NYMEX Natural Gas Futures Contract Closed at $6.470 on Monday, October 3rd

By spragueoperati | October 4, 2022 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $6.470 on Monday, October 3rd

Monday, October 3rd saw the November NYMEX Natural Gas Futures Contract open at $6.430, thirty-three cents below Friday’s closing price of $6.766. Reaching an intraday high of $6.524 within minutes […]

OPEC and Other Major Producers Considered Reducing Output

By spragueoperati | October 4, 2022 | Comments Off on OPEC and Other Major Producers Considered Reducing Output

Recap: Oil futures jumped over $4 a barrel on Monday as OPEC and other major producers considered reducing output by more than 1 million barrels per day to bolster prices […]

November NYMEX Natural Gas Futures Contract Closed at $6.766 on Friday, September 30th

By spragueoperati | October 3, 2022 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $6.766 on Friday, September 30th

Friday, September 30th saw the November NYMEX Natural Gas Futures Contract open at $6.879, just above Thursday’s closing price of $6.874. Falling to an intraday low of $6.705 by 9:30AM, […]

Hurricane Ian and Signs of a Slowing Economy, Pushed WTI Below $80 a Barrel

By spragueoperati | October 3, 2022 | Comments Off on Hurricane Ian and Signs of a Slowing Economy, Pushed WTI Below $80 a Barrel

Recap: Weakening demand, exacerbated by Hurricane Ian and signs of a slowing economy, pushed WTI below $80 a barrel on Friday. August personal consumption expenditures price index, including gas and […]

November NYMEX Natural Gas Futures Contract Closed at $6.874 on Thursday, September 29th

By spragueoperati | September 30, 2022 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $6.874 on Thursday, September 29th

Thursday, September 29th saw the November NYMEX Natural Gas Futures Contract open at $6.765, nineteen cents below Wednesday’s closing price of $6.955. Trading near $6.670 leading up to the weekly […]

Concerns Over Production Disruptions From Hurricane Ian Subsided

By spragueoperati | September 30, 2022 | Comments Off on Concerns Over Production Disruptions From Hurricane Ian Subsided

Recap: Oil futures finished lower on Thursday as a sharp decline in U.S. stock markets sparked broader risk aversion across asset classes including energy commodities and as concerns over production […]

November NYMEX Natural Gas Futures Contract Closed at $6.955 on Wednesday, September 28th

By spragueoperati | September 29, 2022 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $6.955 on Wednesday, September 28th

Wednesday, September 28th saw the October NYMEX Natural Gas Futures Contract open at $6.635, two cents below Tuesday’s closing price of $6.651. October settled higher at $6.868 Set to take […]