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January NYMEX Natural Gas Futures Contract Closed at $3.731 on Thursday, December 23rd

By spragueoperati | December 27, 2021 | 0 Comments

Thursday, December 23rd – saw the front-month NYMEX Natural Gas Futures Contract open at $3.792 eighteen cents below Wednesday’s closing price of $3.976. Continuing the pre-session decline, prices slipped to […]

The oil market has wavered in recent days over how seriously to take the threat of another slump in fuel demand

By spragueoperati | December 27, 2021 | 0 Comments

Recap: Oil futures extended their gains in a lightly traded market on Thursday on signs that the worst effects of the Omicron variant might me more containable than previously feared, […]

January NYMEX Natural Gas Futures Contract Closed at $3.976 on Wednesday, December 22nd

By spragueoperati | December 23, 2021 | 0 Comments

Wednesday, December 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $4.025, nearly sixteen cents above Tuesday’s closing price of $3.869. Picking up ground overnight as updated forecasts […]

The EIA reported a 4.7 million barrel draw in U.S. crude oil inventories

By spragueoperati | December 23, 2021 | 0 Comments

Recap: Oil futures extended their gains on Wednesday after the EIA reported a 4.7 million barrel draw in U.S. crude oil inventories and as traders shook off worries about the […]

January NYMEX Natural Gas Futures Contract Closed at $3.869 on Tuesday, December 21st

By spragueoperati | December 22, 2021 | 0 Comments

Tuesday, December 21st  saw the front-month NYMEX Natural Gas Futures Contract open at $3.858, two cents above Monday’s closing price of $3.834. Marking the intraday low of $3.818 out of […]

Tuesday’s higher prices follows a drop of nearly 6% over the last two sessions

By spragueoperati | December 22, 2021 | 0 Comments

Recap: Oil futures settled higher on Tuesday, following two straight days of losses ignited by fears the spread of the Omicron variant of COVID-19 would slice into demand as new […]

January NYMEX Natural Gas Futures Contract Closed at $3.834 on Monday, December 20th

By spragueoperati | December 21, 2021 | 0 Comments

Monday, December 20th saw the front-month NYMEX Natural Gas Futures Contract open at $3.833, fourteen cents above Friday’s closing price of $3.690. Peaking momentarily above $3.920 near 9:20AM, prices hovered […]

Prices fell almost 7% during the trading session and hit their lowest level in three weeks

By spragueoperati | December 21, 2021 | 0 Comments

Recap: Trading in oil futures was volatile on Monday, with prices falling almost 7% during the trading session, hitting their lowest level in three weeks. Surging cases of the Omicron variant […]

January NYMEX Natural Gas Futures Contract Closed at $3.690 on Friday, December 17th

By spragueoperati | December 20, 2021 | 0 Comments

Friday, December 17th  saw the front-month NYMEX Natural Gas Futures Contract open at $3.704, six cents below Thursday’s closing price of $3.766. Falling to the intraday low of $3.674 by […]

Omicron variant of COVID creates uncertainty and pushes oil prices lower

By spragueoperati | December 20, 2021 | 0 Comments

Recap:  While demand has been recovering from pandemic lows, the threat of new lockdown measures and travel restrictions due to the omicron variant is hanging over oil markets as supply […]