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Oil futures rose as much as 3.8% on Tuesday

By spragueoperati | April 7, 2021 | 0 Comments

Recap: Oil futures rose as much as 3.8% on Tuesday, following a rise across the spectrum for commodities, as the International Monetary Fund boosted its 2021 economic growth forecast to 6% […]

May NYMEX Natural Gas Futures Contract Closed at $2.511 on Monday, April 5th

By spragueoperati | April 6, 2021 | 0 Comments

Monday, April 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.558, eight cents below Thursday’s closing price of $2.639.  Ascending to an intraday high of $2.580 by […]

Oil futures fell on Monday

By spragueoperati | April 6, 2021 | 0 Comments

Recap: Oil futures fell on Monday, with some traders worried that the rising number of COVID cases will stammer demand and, as the energy complex grew concerned over the decision by […]

OPEC+ decided to gradually increase crude output by adding 350,000 barrels per day starting in May

By spragueoperati | April 5, 2021 | 0 Comments

Recap: In a surprise move, oil futures rose on Thursday, despite OPEC+ deciding to gradually increase crude output by adding 350,000 barrels per day starting in May and over the […]

May NYMEX Natural Gas Futures Contract Closed at $2.639 on Thursday, April 1st

By spragueoperati | April 2, 2021 | 0 Comments

Thursday, April 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.594, a penny below Wednesday’s closing price of $2.608.  Tallying an intraday low of $2.593 soon after […]

The EIA reported a 900,000 barrel drop in U.S. crude oil inventories

By spragueoperati | April 1, 2021 | 0 Comments

Recap: Oil futures rose on Wednesday, as U.S. crude supplies fell for the first time in six weeks, according to the EIA. The EIA reported a 900,000 barrel drop in U.S. […]

May NYMEX Natural Gas Futures Contract Closed at $2.623 on Tuesday, March 30th

By spragueoperati | March 31, 2021 | 0 Comments

Tuesday, March 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.636, two cents below Monday’s closing price of $2.653.  Trading alongside $2.635 through 10:30AM, marking an intraday […]

Oil futures fell as traders focus on upcoming OPEC meeting

By spragueoperati | March 31, 2021 | 0 Comments

Recap:  Oil futures stumbled on Tuesday, as ships resumed moving through the Suez Canal and as traders focused on the meeting between OPEC and its allies set for later this […]

May NYMEX Natural Gas Futures Contract Closed at $2.653 on Monday, March 29th

By spragueoperati | March 30, 2021 | 0 Comments

Monday, March 29th – settlement day for the April contract—saw the front-month NYMEX Natural Gas Futures Contract open at $2.583, nearly three cents above Friday’s closing price of $2.557.  Bearish […]

Oil futures traded higher on Monday

By spragueoperati | March 30, 2021 | 0 Comments

Recap: Oil futures traded higher on Monday, after last week’s setback. Concerns over continued delays in the Suez Canal and expectations that OPEC+ will keep output through May spurred prices […]