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The IEA revised down its oil demand outlook by around 100,000 bpd for both 2021 and 2022

By spragueoperati | December 15, 2021 | 0 Comments

Recap: Crude oil futures dipped on Tuesday after the International Energy Agency said the omicron variant of the coronavirus that cause COVID-19 would slow a recovery in demand. The agency […]

January NYMEX Natural Gas Futures Contract Closed at $3.794 on Monday, December 13th

By spragueoperati | December 14, 2021 | 0 Comments

Monday, December 13th  saw the front-month NYMEX Natural Gas Futures Contract open at $4.048, twelve cents above Friday’s closing price of $3.925. Trading along $4.050 through the session’s opening ninety […]

OPEC raised its world oil demand forecast for the first quarter of 2022

By spragueoperati | December 14, 2021 | 0 Comments

Commentary: Oil futures ended lower on Monday, as traders focus on the spread of the omicron variant that causes COVID-19, and as they look toward this week’s Federal Reserve decision […]

January NYMEX Natural Gas Futures Contract Closed at $3.925 on Friday, December 10th

By spragueoperati | December 13, 2021 | 0 Comments

Friday, December 10th  saw the front-month NYMEX Natural Gas Futures Contract open at $3.870, six cents above Thursday’s closing price of $3.814. Trading sideways along $3.860 throughout the morning, prices […]

Oil markets rose as the market continues to assess COVID-19 risks and related demand

By spragueoperati | December 13, 2021 | 0 Comments

Recap: Oil futures slightly rose on Friday, as the market continues to recover from fears of demand destruction due to the omicron variant of COVID. January WTI traded at a session […]

January NYMEX Natural Gas Futures Contract Closed at $3.814 on Thursday, December 9th

By spragueoperati | December 10, 2021 | 0 Comments

Thursday, December 9th saw the front-month NYMEX Natural Gas Futures Contract open at $3.782, three cents above Wednesday’s closing price of $3.815.  Marking the intraday low of $3.768 within minutes […]

Oil futures settled lower on Thursday

By spragueoperati | December 10, 2021 | 0 Comments

Recap: Oil futures settled lower on Thursday, as two Chinese property developer’s ratings were downgraded, and after some governments took measures to fight the omicron variant of the coronavirus. On Thursday, […]

January NYMEX Natural Gas Futures Contract Closed at $3.815 on Wednesday, December 8th

By spragueoperati | December 9, 2021 | 0 Comments

Wednesday, December 8th saw the front-month NYMEX Natural Gas Futures Contract open at $3.911, twenty-one cents above Tuesday’s closing price of $3.708. Recording an intraday high of $3.923 minutes after […]

U.S. weekly inventory figures showed a smaller-than-anticipated decline in crude stocks

By spragueoperati | December 9, 2021 | 0 Comments

Recap: Trading was a bit choppy on Wednesday, but remained positive as traders grew less concerned about the omicron variant of coronavirus and its impact on the global economy and demand. […]

January NYMEX Natural Gas Futures Contract Closed at $3.708 on Tuesday, December 7th

By spragueoperati | December 8, 2021 | 0 Comments

Tuesday, December 7th saw the front-month NYMEX Natural Gas Futures Contract open at $3.756, ten cents above Monday’s closing price of $3.657. Ascending to an intraday high of $3.829 by […]