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OPEC+ stated that it could review its production policy at short notice if oil demand fell due to a rising number of lockdowns

By spragueoperati | December 6, 2021 | Comments Off on OPEC+ stated that it could review its production policy at short notice if oil demand fell due to a rising number of lockdowns

Recap: On Friday, the oil market continued to trend higher following Thursday's rebound from its lows following OPEC’s decision to stick to its existing policy of monthly output increases of 400,000 […]

January NYMEX Natural Gas Futures Contract Closed at $4.056 on Thursday, December 2nd

By spragueoperati | December 3, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $4.056 on Thursday, December 2nd

Thursday, December 2nd – saw the front-month NYMEX Natural Gas Futures Contract open at $4.209, five cents below Wednesday’s closing price of $4.258. Ascending to trade along $4.280 by 9:30AM […]

Organization of Petroleum Exporting Countries and their allies decided to rollover their current policy and raise monthly overall production

By spragueoperati | December 3, 2021 | Comments Off on Organization of Petroleum Exporting Countries and their allies decided to rollover their current policy and raise monthly overall production

Recap: Trading in the oil markets was volatile on Thursday, with oil prices trading lower after the Organization of Petroleum Exporting Countries and their allies decided to rollover their current policy […]

January NYMEX Natural Gas Futures Contract Closed at $4.258 on Wednesday, December 1st

By spragueoperati | December 2, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $4.258 on Wednesday, December 1st

Wednesday, December 1st saw the front-month NYMEX Natural Gas Futures Contract open at $4.420, nearly fifteen cents below Tuesday’s closing price of $4.567. Marking an intraday high of $4.431 within […]

OPEC+ began a two day meeting to decide on supply plans for 2022

By spragueoperati | December 2, 2021 | Comments Off on OPEC+ began a two day meeting to decide on supply plans for 2022

Recap: Oil futures gave back early gains, falling to a fresh three-month low after the EIA issued a bearish inventory report, as OPEC+ began a two day meeting to decide on […]

January NYMEX Natural Gas Futures Contract Closed at $4.567 on Tuesday, November 30th

By spragueoperati | December 1, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $4.567 on Tuesday, November 30th

Tuesday, November 30th saw the front-month NYMEX Natural Gas Futures Contract open at $4.555, thirty cents below Monday’s closing price of $4.854. Falling to a three-month intraday low of $4.482 […]

WTI dipped below $65 a barrel for the first time since August

By spragueoperati | December 1, 2021 | Comments Off on WTI dipped below $65 a barrel for the first time since August

Recap: Oil futures fell sharply on Tuesday, as the World Health Organization said the new omicron variant poses a high global risk, and a major pharmaceuticals company said currently available […]

January NYMEX Natural Gas Futures Contract Closed at $4.854 on Monday, November 29th

By spragueoperati | November 30, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $4.854 on Monday, November 29th

Monday, November 29th saw the front-month NYMEX Natural Gas Futures Contract open at $4.936, fifty-one cents below Friday’s closing price of $5.447. Following Friday’s contract expiration-induced rally, prices withdrew ahead […]

Oil prices fell almost 13% on Friday

By spragueoperati | November 30, 2021 | Comments Off on Oil prices fell almost 13% on Friday

Recap: After falling by almost 13% on Friday, oil prices rebounded on Monday alongside a higher equities market. Traders seem to agree that the price collapse on Friday was a bit […]

January NYMEX Natural Gas Futures Contract Closed at $5.447 on Friday, November 26th

By spragueoperati | November 29, 2021 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $5.447 on Friday, November 26th

Friday, November 26th saw the front-month NYMEX Natural Gas Futures Contract open at $5.337, twenty-seven cents above Wednesday’s closing price of $5.068. Following a volatile day of trading, the December […]