Search Results

The Oil Market on Wednesday Rallied Over 2% Following the Release of a Supportive EIA Inventory Report

By spragueoperati | March 14, 2024 | 0 Comments

Recap:  The oil market on Wednesday rallied over 2% following the release of a supportive EIA inventory report and a second day of Ukrainian drone attacks on Russian refining facilities. […]

April NYMEX Natural Gas Futures Contract Closed at $1.714 on Tuesday, March 12th

By spragueoperati | March 13, 2024 | 0 Comments

Tuesday, March 12th saw the front-month NYMEX Natural Gas Futures Contract open at $1.803, four cents above Monday’s closing price of $1.759. Prices rallied leading up to the opening bell, […]

The Market Weighed U.S. Economic Data Against OPEC’s Demand Growth Forecast and the Continuing Geopolitical Tensions in the Middle East

By spragueoperati | March 13, 2024 | 0 Comments

Recap:  The oil market traded in a yo-yo manner on Tuesday and ended 0.47% lower as the market weighed U.S. economic data against OPEC’s demand growth forecast and the continuing […]

April NYMEX Natural Gas Futures Contract Closed at $1.759 on Monday, March 11th

By spragueoperati | March 12, 2024 | 0 Comments

Monday, March 11th saw the front-month NYMEX Natural Gas Futures Contract open at $1.761, four cents below Friday’s closing price of $1.805. Recording the intraday high of $1.789 by 9:15AM, […]

The Oil Market Traded Lower on Monday as Uncertainty Around the Timing of U.S. Interest Rate Cuts Weighed on the Market

By spragueoperati | March 12, 2024 | 0 Comments

Recap:  The oil market traded lower on Monday as uncertainty around the timing of U.S. interest rate cuts weighed on the market. The market is awaiting the release of a […]

April NYMEX Natural Gas Futures Contract Closed at $1.805 on Friday, March 8th

By spragueoperati | March 11, 2024 | 0 Comments

Friday, March 8th saw the front-month NYMEX Natural Gas Futures Contract open at $1.781, nearly four cents below Thursday’s closing price of $1.818. Responding to tempered forecasts, reducing expected demand […]

A Brief Outage of the Keystone Pipeline Failed to Keep the Market Supported Ahead of the Weekend

By spragueoperati | March 11, 2024 | 0 Comments

Recap: The oil market on Friday posted an outside trading day and ended the week down 2.45% after the market gave up its overnight gains as a brief outage on […]

April NYMEX Natural Gas Futures Contract Closed at $1.818 on Thursday, March 7th

By spragueoperati | March 8, 2024 | 0 Comments

Thursday, March 7th saw the front-month NYMEX Natural Gas Futures Contract open at $1.915, just below Wednesday’s closing price of $1.929. Trading sideways near $1.910 leading up to the weekly […]

Expectations That U.S. Interest Rate Cuts Could Be Delayed Against Supportive Chinese Trade Data and Increased Tensions in the Middle East

By spragueoperati | March 8, 2024 | 0 Comments

Recap: The oil market posted an inside trading day on Thursday as it weighed expectations that U.S. interest rate cuts could be delayed against supportive Chinese trade data and increased […]

April NYMEX Natural Gas Futures Contract Closed at $1.929 on Wednesday, March 6th

By spragueoperati | March 7, 2024 | 0 Comments

Wednesday, March 6th saw the front-month NYMEX Natural Gas Futures Contract open at $1.963, just above Tuesday’s closing price of $1.957. Reaching the intraday high of $1.972 ahead of 9:30AM, […]