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Both Brent and WTI traded at their highest level since the end of November

By spragueoperati | January 7, 2022 | 0 Comments

Recap: Oil futures extended their gains, as tensions in OPEC+ producer Kazakhstan escalated and as supplies in Libya became limited due to outages. A deep freeze in Canada and the […]

February NYMEX Natural Gas Futures Contract Closed at $3.882 on Wednesday, January 5th

By spragueoperati | January 6, 2022 | 0 Comments

Wednesday, January 5th – saw the front-month NYMEX Natural Gas Futures Contract open at $3.831, twelve cents above Tuesday’s closing price of $3.717. Falling to an intraday low of $3.763 […]

Oil futures jumped as EIA reported drop in U.S. crude oil inventories

By spragueoperati | January 6, 2022 | 0 Comments

Recap: Oil futures jumped for the third straight session after the Energy Information Administration reported a 2.1 million barrel drop in U.S. crude oil inventories, marking the sixth straight weekly […]

February NYMEX Natural Gas Futures Contract Closed at $3.717 on Monday, January 4th

By spragueoperati | January 5, 2022 | 0 Comments

Tuesday, January 4th – saw the front-month NYMEX Natural Gas Futures Contract open at $3.903, nine cents above Monday’s closing price of $3.815. Tallying in the intraday high of $3.907 […]

OPEC+ agreed to revive more halted production as the outlook for global oil markets improved

By spragueoperati | January 5, 2022 | 0 Comments

Recap: Oil futures extended gains made on the first trading day of the year, as OPEC+ agreed to revive more halted production as the outlook for global oil markets improved, with […]

Oil prices jumped 1% on the first day of trading of the new year

By spragueoperati | January 4, 2022 | 0 Comments

Recap: Oil futures ended higher on Monday, supported by tight supply, a strong U.S. dollar and hopes of a further demand recovery in 2022, despite OPEC+ looking set to agree […]

February NYMEX Natural Gas Futures Contract Closed at $3.561 on Thursday, December 30th

By spragueoperati | December 31, 2021 | 0 Comments

Thursday, December 30th – saw the front-month NYMEX Natural Gas Futures Contract open at of $3.754, almost thirty cents below Wednesday’s closing price of $4.055. February’s contract price would fall […]

Oil futures settled higher on Thursday

By spragueoperati | December 31, 2021 | 0 Comments

Recap: Oil futures settled higher on Thursday as concerns about the impact the omicron variant will have on the global economy begin to wane and on signs of falling inventories […]

February NYMEX Natural Gas Futures Contract Closed at $3.850 on Wednesday, December 29th

By spragueoperati | December 30, 2021 | 0 Comments

Wednesday, December 29th saw the front-month NYMEX Natural Gas Futures Contract open at $4.033, two cents below Wednesday’s closing price of $4.055. Prices would hit an intraday high of $4.041 […]

Both Brent and WTI traded at their highest level in a month after the release of the EIA report

By spragueoperati | December 30, 2021 | 0 Comments

Recap: Oil futures steadied on Wednesday, after government data showed U.S. crude and fuel inventories fell last week, but concern that rising coronavirus cases might reduce demand weighed on prices. […]