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Oil futures jumped by 2% after upbeat economic outlook from Federal Reserve

By spragueoperati | December 17, 2021 | Comments Off on Oil futures jumped by 2% after upbeat economic outlook from Federal Reserve

Recap:  Oil futures jumped by almost 2% on Thursday, as record U.S. implied demand, falling crude stockpiles and an upbeat economic outlook from the Federal Reserve trumped fears of the […]

January NYMEX Natural Gas Futures Contract Closed at $3.802 on Wednesday, December 15th

By spragueoperati | December 16, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $3.802 on Wednesday, December 15th

Wednesday, December 15th saw the front-month NYMEX Natural Gas Futures Contract open at $3.871, thirteen cents above Tuesday’s closing price of $3.747. Trading within a four-cent range of $3.880 throughout […]

Data showed a bigger-than-expected weekly draw in U.S. crude oil inventories

By spragueoperati | December 16, 2021 | Comments Off on Data showed a bigger-than-expected weekly draw in U.S. crude oil inventories

Recap: Oil futures turned higher on Wednesday, erasing early losses after the U.S. Federal Reserve announced plans to speed up its reduction of monthly bond purchases and signaled three interest rate […]

January NYMEX Natural Gas Futures Contract Closed at $3.747 on Tuesday, December 14th

By spragueoperati | December 15, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $3.747 on Tuesday, December 14th

Tuesday, December 14th  saw the front-month NYMEX Natural Gas Futures Contract open at $3.746, five cents below Monday’s closing price of $3.794. Peaking at an intraday high of $3.803 by […]

The IEA revised down its oil demand outlook by around 100,000 bpd for both 2021 and 2022

By spragueoperati | December 15, 2021 | Comments Off on The IEA revised down its oil demand outlook by around 100,000 bpd for both 2021 and 2022

Recap: Crude oil futures dipped on Tuesday after the International Energy Agency said the omicron variant of the coronavirus that cause COVID-19 would slow a recovery in demand. The agency […]

January NYMEX Natural Gas Futures Contract Closed at $3.794 on Monday, December 13th

By spragueoperati | December 14, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $3.794 on Monday, December 13th

Monday, December 13th  saw the front-month NYMEX Natural Gas Futures Contract open at $4.048, twelve cents above Friday’s closing price of $3.925. Trading along $4.050 through the session’s opening ninety […]

OPEC raised its world oil demand forecast for the first quarter of 2022

By spragueoperati | December 14, 2021 | Comments Off on OPEC raised its world oil demand forecast for the first quarter of 2022

Commentary: Oil futures ended lower on Monday, as traders focus on the spread of the omicron variant that causes COVID-19, and as they look toward this week’s Federal Reserve decision […]

January NYMEX Natural Gas Futures Contract Closed at $3.925 on Friday, December 10th

By spragueoperati | December 13, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $3.925 on Friday, December 10th

Friday, December 10th  saw the front-month NYMEX Natural Gas Futures Contract open at $3.870, six cents above Thursday’s closing price of $3.814. Trading sideways along $3.860 throughout the morning, prices […]

Oil markets rose as the market continues to assess COVID-19 risks and related demand

By spragueoperati | December 13, 2021 | Comments Off on Oil markets rose as the market continues to assess COVID-19 risks and related demand

Recap: Oil futures slightly rose on Friday, as the market continues to recover from fears of demand destruction due to the omicron variant of COVID. January WTI traded at a session […]

January NYMEX Natural Gas Futures Contract Closed at $3.814 on Thursday, December 9th

By spragueoperati | December 10, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $3.814 on Thursday, December 9th

Thursday, December 9th saw the front-month NYMEX Natural Gas Futures Contract open at $3.782, three cents above Wednesday’s closing price of $3.815.  Marking the intraday low of $3.768 within minutes […]