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The oil market posted an inside trading day on Tuesday

By spragueoperati | September 1, 2021 | 0 Comments

Recap: The oil market posted an inside trading day on Tuesday as the market erased some of its previous gains and found support over the $68.00 level.  The market traded lower […]

October NYMEX Natural Gas Futures Contract Closed at $4.305 on Monday, August 30th

By spragueoperati | August 31, 2021 | 0 Comments

Monday, August 30th saw the front-month NYMEX Natural Gas Futures Contract open at $4.323, sixteen cents below Friday’s closing price of $4.388. Trending downward through the day’s opening hour as […]

Hurricane Ida weakened after forcing the shutdown of 1.74 million bpd of U.S. Gulf oil production

By spragueoperati | August 31, 2021 | 0 Comments

Recap: On Monday, the oil market erased its early rally to a four-week high, as Hurricane Ida weakened after forcing the shutdown of 1.74 million bpd of U.S. Gulf oil production […]

September NYMEX Natural Gas Futures Contract Closed at $4.370 on Friday, August 27th

By spragueoperati | August 30, 2021 | 0 Comments

Friday, August 27th – settlement day for the September contract – saw the front-month NYMEX Natural Gas Futures Contract open at $4.374, nearly twenty cents above Thursday’s closing price of […]

Oil market traded higher on Friday despite energy companies shutting in production

By spragueoperati | August 30, 2021 | 0 Comments

Recap:  The oil market on Friday continued to trend higher after it posted an inside trading day on Thursday.  The market remained well supported as energy companies shut in production […]

September NYMEX Natural Gas Futures Contract Closed at $4.184 on Thursday, August 26th

By spragueoperati | August 27, 2021 | 0 Comments

Thursday, August 26th saw the front-month NYMEX Natural Gas Futures Contract open at $3.963, nearly seven cents above Wednesday’s closing price of $3.897. Marking an intraday low of $3.958 soon […]

Oil market posted an inside trading day after three-day rally

By spragueoperati | August 27, 2021 | 0 Comments

Recap:  The oil market on Thursday posted an inside trading day as it erased some of Wednesday’s gains and remained in negative territory for much of the day.  Following a […]

September NYMEX Natural Gas Futures Contract Closed at $3.897 on Wednesday, August 25th

By spragueoperati | August 26, 2021 | 0 Comments

Wednesday, August 25th saw the front-month NYMEX Natural Gas Futures Contract open at $3.905, a penny above Tuesday’s closing price of $3.896. Posting a steady climb to start the day, […]

The EIA reported that the four week average of U.S. total product supplied increased to nearly 21 million bpd

By spragueoperati | August 26, 2021 | 0 Comments

Recap: On Wednesday, the oil market steadied following its sharp gains over the past couple of sessions on the news that Mexico was set to resume its shut in production following […]

September NYMEX Natural Gas Futures Contract Closed at $3.896 on Tuesday, August 24th

By spragueoperati | August 25, 2021 | 0 Comments

Tuesday, August 24th saw the front-month NYMEX Natural Gas Futures Contract open at $3.917, three cents below Monday’s closing price of $3.945.  Attaining an intraday high of $3.944 by 9:20AM, […]