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Oil futures closed higher for the fourth straight session

By spragueoperati | February 5, 2021 | 0 Comments

Recap: Oil futures closed higher for the fourth straight session on strong U.S. economic data, falling inventories and the OPEC+ decision to adhere to output cuts however, gains were limited by […]

March NYMEX Natural Gas Futures Contract Closed at $2.789 on Wednesday, February 3rd

By spragueoperati | February 4, 2021 | 0 Comments

Wednesday, February 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.835, a penny below Tuesday’s closing price of $2.845.  Reaching an intraday high of $2.852 within minutes […]

Oil prices jumped on Wednesday

By spragueoperati | February 4, 2021 | 0 Comments

Recap: Oil prices jumped on Wednesday, finishing the session at their highest level in a year, gaining support from the modest build in U.S. crude oil inventories and expectations that […]

March NYMEX Natural Gas Futures Contract Closed at $2.845 on Tuesday, February 2nd

By spragueoperati | February 3, 2021 | 0 Comments

Tuesday, February 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.987, fourteen cents above Monday’s closing price of $2.850.  Touching a near three month intraday high of […]

Oil futures rose to their highest level in over a year

By spragueoperati | February 3, 2021 | 0 Comments

Recap: Oil futures rose to their highest level in over a year on Tuesday, propelled higher by expectations that efforts to cut output by OPEC and other major producers will aid […]

March NYMEX Natural Gas Futures Contract Closed at $2.850 on Monday, February 1st

By spragueoperati | February 2, 2021 | 0 Comments

Monday, February 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.771, twenty-one cents above Friday’s closing price of $2.564.  Supported by heavy storms hitting the northeast and […]

Oil futures traded higher on Monday

By spragueoperati | February 2, 2021 | 0 Comments

Recap: Oil futures traded higher on Monday amid strong commitments by Saudi Arabia in cutting back on oil production and reports that President Biden put a pause on new oil […]

March NYMEX Natural Gas Futures Contract Closed at $2.564 on Friday, January 29th

By spragueoperati | February 1, 2021 | 0 Comments

Friday, January 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.658, slightly below Thursday’s closing price of $2.664.  Ascending to an intraday high of $2.695 by 9:45AM, […]

Baker Hughes reported that the U.S. oil drilling rig count increased by 6 to 295

By spragueoperati | February 1, 2021 | 0 Comments

Recap: Oil prices continue to struggle to the upside, as they went back and forth during the week. As there is persistent resistance above this market, there are signs that […]

March NYMEX Natural Gas Futures Contract Closed at $2.664 on Thursday, January 28th

By spragueoperati | January 29, 2021 | 0 Comments

Thursday, January 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.664, four cents below Wednesday’s closing price of $2.702.  Ascending to the $2.680 level ahead of the […]