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U.S. Oil Production Reached Pre-Pandemic Levels

By spragueoperati | June 16, 2022 | Comments Off on U.S. Oil Production Reached Pre-Pandemic Levels

Recap:  The oil market continued to drift lower on Wednesday morning on concerns over fuel demand and global economic growth ahead of a large increase in interest rates by the […]

July NYMEX Natural Gas Futures Contract Closed at $7.189 on Tuesday, June 14th

By spragueoperati | June 15, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $7.189 on Tuesday, June 14th

Tuesday, June 14th saw the July NYMEX Natural Gas Futures Contract open at $8.609, even to Monday’s closing price. Marking the intraday high of $8.631 within minutes of the open, […]

Oil Futures Had Traded Above Last Week’s Highs but Lost Traction and Turned to the Downside

By spragueoperati | June 15, 2022 | Comments Off on Oil Futures Had Traded Above Last Week’s Highs but Lost Traction and Turned to the Downside

Recap: Oil prices jumped after OPEC revealed that its production for the month of May decreased. Fear spread throughout the marketplace that OPEC’s spare capacity had been overstated, with Saudi […]

July NYMEX Natural Gas Futures Contract Closed at $8.609 on Monday, June 13th

By spragueoperati | June 14, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $8.609 on Monday, June 13th

Monday, June 13th saw the July NYMEX Natural Gas Futures Contract open at $8.782, seven cents below Friday’s closing price of $8.850. Recording an intraday high of $8.924 ahead of […]

Investors are Navigating a Host of Factors Influencing Prices

By spragueoperati | June 14, 2022 | Comments Off on Investors are Navigating a Host of Factors Influencing Prices

Recap: Trading in oil futures was volatile, with prices opening the session trading to the downside, only to finish the session close to unchanged. Investors are navigating a host of […]

July NYMEX Natural Gas Futures Contract Closed at $8.850 on Friday, June 10th

By spragueoperati | June 13, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $8.850 on Friday, June 10th

Friday, June 10th saw the July NYMEX Natural Gas Futures Contract open at $8.815, fifteen cents below Thursday’s closing price of $8.963. Trending lower through the morning hours until finding […]

Oil Futures Edged Lower on Friday, Pressured by Fresh COVID Lockdowns

By spragueoperati | June 13, 2022 | Comments Off on Oil Futures Edged Lower on Friday, Pressured by Fresh COVID Lockdowns

Recap:  Oil futures edged lower on Friday, pressured by fresh COVID lockdowns in Shanghai and Beijing, while hefty fuel demand in the U.S. kept a floor under prices.  Oil prices […]

July NYMEX Natural Gas Futures Contract Closed at $8.963 on Thursday, June 9th

By spragueoperati | June 10, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $8.963 on Thursday, June 9th

Thursday, June 9th saw the July NYMEX Natural Gas Futures Contract open at $8.277, forty-two cents below Wednesday’s closing price of $8.699. Falling to an intraday low of $8.016 ahead […]

Oil Edged Lower on Thursday But Remained Close to Three-Month Highs

By spragueoperati | June 10, 2022 | Comments Off on Oil Edged Lower on Thursday But Remained Close to Three-Month Highs

Recap:  Oil edged lower on Thursday but remained close to three-month highs after a surprise build in U.S. crude stocks and as buyers continue to drive it higher. Oil prices […]

July NYMEX Natural Gas Futures Contract Closed at $8.699 on Wednesday, June 8th

By spragueoperati | June 9, 2022 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $8.699 on Wednesday, June 8th

Wednesday, June 8th saw the July NYMEX Natural Gas Futures Contract open at $9.387, nine cents above Tuesday’s closing price of $9.293. Trading within a relatively tight band near $9.550 […]