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Investors Weighed the Risk that Rising U.S. Interest Rates Could Triggers a Recession and Cut Demand for Fuel

By spragueoperati | June 24, 2022 | Comments Off on Investors Weighed the Risk that Rising U.S. Interest Rates Could Triggers a Recession and Cut Demand for Fuel

Recap: At one point during the trading session, oil prices fell by more than $3 a barrel on Thursday in volatile trading as investors weighed the risk that rising U.S. […]

July NYMEX Natural Gas Futures Contract Closed at $6.858 on Wednesday, June 22nd

By spragueoperati | June 23, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $6.858 on Wednesday, June 22nd

Wednesday, June 22nd saw the July NYMEX Natural Gas Futures Contract open at $6.622, nearly nineteen cents below Tuesday’s closing price of $6.808. Slipping to an intraday low of $6.588 […]

Renewed Fears of a Recession Helped Fuel the Sell-Off

By spragueoperati | June 23, 2022 | Comments Off on Renewed Fears of a Recession Helped Fuel the Sell-Off

Recap: Oil futures fell on Wednesday, with WTI settling at its lowest level in approximately six weeks. Rising demand concerns, the prospect of a U.S. gasoline tax holiday, and renewed […]

July NYMEX Natural Gas Futures Contract Closed at $6.808 on Tuesday, June 21st

By spragueoperati | June 22, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $6.808 on Tuesday, June 21st

Tuesday, June 21st saw the July NYMEX Natural Gas Futures Contract open at $6.691, twenty-five cents below Friday’s closing price of $6.944. Slipping to an intraday low of $6.652 at […]

Oil Prices Climbed on High Summer Fuel Demand While Supplies Remained Tight

By spragueoperati | June 22, 2022 | Comments Off on Oil Prices Climbed on High Summer Fuel Demand While Supplies Remained Tight

Recap:  Oil futures climbed Tuesday, with U.S. prices recouping a portion of the more than 9% loss last week. Oil prices climbed on high summer fuel demand while supplies remained […]

The Markets Remained Concerned About an Economic Slowdown

By spragueoperati | June 21, 2022 | Comments Off on The Markets Remained Concerned About an Economic Slowdown

Recap:  The energy complex sold off sharply on Friday, led by the RBOB market, as the markets remained concerned about an economic slowdown. The oil market extended its losses of […]

July NYMEX Natural Gas Futures Contract Closed at $6.944 on Friday, June 17th

By spragueoperati | June 20, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $6.944 on Friday, June 17th

Friday, June 17th saw the July NYMEX Natural Gas Futures Contract open at $7.329, fourteen cents below Thursday’s closing price of $7.464. Tallying the intraday high of $7.439 within minutes […]

July NYMEX Natural Gas Futures Contract Closed at $7.464 on Thursday, June 16th

By spragueoperati | June 17, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $7.464 on Thursday, June 16th

Thursday, June 16th saw the July NYMEX Natural Gas Futures Contract open at $7.783, thirty-six cents above Wednesday’s closing price of $7.420. Climbing to the $7.875 level within the day’s […]

The Oil Market on Thursday Morning Continued to Trend Lower

By spragueoperati | June 17, 2022 | Comments Off on The Oil Market on Thursday Morning Continued to Trend Lower

Recap: The oil market on Thursday morning continued to trend lower falling to a two-week low on concerns over inflation. The market traded lower overnight after the Federal Reserve raised […]

July NYMEX Natural Gas Futures Contract Closed at $7.420 on Wednesday, June 15th

By spragueoperati | June 16, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $7.420 on Wednesday, June 15th

Wednesday, June 15th saw the July NYMEX Natural Gas Futures Contract open at $7.512, thirty-two cents above Tuesday’s closing price of $7.189. Rising steadily to an intraday high of $7.698 […]