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Baker Hughes reported that the number of U.S. oil drilling rigs fell by 1 to 309

By spragueoperati | March 15, 2021 | 0 Comments

Recap: It was a lackluster trading session for oil futures on Friday, as prices pulled back from Thursday’s RBOB lead rally. Strength in the U.S. dollar weighed on the market, as […]

April NYMEX Natural Gas Futures Contract Closed at $2.664 on Thursday, March 11th

By spragueoperati | March 12, 2021 | 0 Comments

Thursday, March 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.673, almost two cents below Wednesday’s closing price of $2.692. Prices traded steadily up until the release […]

OPEC’s demand forecast for 2021 sees demand growth of 5.89 million barrels per day in 2021

By spragueoperati | March 12, 2021 | 0 Comments

Recap: Energy markets were dragged higher by RBOB futures, as the front-month contract settled at its highest level in 2 ½ years. Oil futures also got a boost from a […]

April NYMEX Natural Gas Futures Contract Closed at $2.692 on Wednesday, March 10th

By spragueoperati | March 11, 2021 | 0 Comments

Wednesday, March 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.634, almost three cents below Wednesday’s closing price of $2.662. Prices dropped to an intraday low soon […]

The EIA reported a 13.8 million barrel build in U.S. crude oil inventories

By spragueoperati | March 11, 2021 | 0 Comments

Recap: Oil futures opened Wednesday’s session trading unchanged, but by daybreak on the East Coast, April WTI was trading just below $65 a barrel. This strong technical number held up, […]

April NYMEX Natural Gas Futures Contract Closed at $2.664 on Tuesday, March 10th

By spragueoperati | March 10, 2021 | 0 Comments

Monday, March 8th saw the front-month NYMEX Natural Gas Futures Contract open at an intraday low of $2.644 almost six cents below Monday’s closing price of $2.701. Prices took an […]

Oil futures fell for the second straight day on Tuesday

By spragueoperati | March 10, 2021 | 0 Comments

Recap: Oil futures fell for the second straight day on Tuesday, as traders await the U.S. inventory numbers from both the API and the EIA. On average, analysts expect U.S. crude […]

April NYMEX Natural Gas Futures Contract Closed at $2.664 on Monday, March 8th

By spragueoperati | March 9, 2021 | 0 Comments

Monday, March 8th saw the front-month NYMEX Natural Gas Futures Contract open at an intraday low of $2.644 almost six cents below Friday’s closing price of $2.701. Prices took an […]

Oil futures posted early gains on Monday

By spragueoperati | March 9, 2021 | 0 Comments

Recap: Oil futures posted early gains on Monday after reports of an attack on Saudi Arabian oil facilities, but the gains were erased as it became apparent no real damage […]

April NYMEX Natural Gas Futures Contract Closed at $2.701 on Friday, March 5th

By spragueoperati | March 8, 2021 | 0 Comments

Friday, March 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.724 almost three cents below Thursday’s closing price of $2.749.  Soon after open, prices reached their intraday […]