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Oil futures slipped on Monday

By spragueoperati | December 22, 2020 | 0 Comments

Recap: Oil futures slipped on Monday amid fears that the new strain of COVID-19 found in the UK will put additional pressure on demand. Several countries have already closed their […]

January NYMEX Natural Gas Futures Contract Closed at $2.700 on Friday, December 18th

By spragueoperati | December 21, 2020 | 0 Comments

Friday, December 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.677, four cents above Thursday’s closing price $2.636.  Trading along either side of $2.690 for the majority […]

Oil futures settled at their highest level since February

By spragueoperati | December 21, 2020 | 0 Comments

Recap: Oil futures settled at their highest level since February, gaining for the seventh week in a row, as the vaccine rollout for COVID-19 continues and on heightened optimism that […]

Oil futures settled higher on signs of progress on another US stimulus package

By spragueoperati | December 18, 2020 | 0 Comments

Recap: Oil futures settled higher for the fourth straight session, as signs of progress have been seen in U.S. lawmakers reaching a second round of economic relief. Oil prices jumped […]

January NYMEX Natural Gas Futures Contract Closed at $2.636 on Thursday, December 17th

By spragueoperati | December 18, 2020 | 0 Comments

Thursday, December 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.682, nearly a penny above closing price $2.677.  Trading along $2.685 through 10:00AM, the contract rose to […]

Crude oil market traded higher after the EIA reported a decline in U.S. crude oil stocks

By spragueoperati | December 17, 2020 | 0 Comments

Recap: The crude oil market traded higher, in lock step with equities, after the EIA reported a decline in U.S. crude oil stocks, as more COVID-19 vaccines were announced, and […]

January NYMEX Natural Gas Futures Contract Closed at $2.682 on Tuesday, December 15th

By spragueoperati | December 16, 2020 | 0 Comments

Tuesday, December 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.608, seven cents below Monday’s closing price $2.682.  Recording an intraday low of $2.602 as overnight trading […]

Oil futures rose to a more than nine month high

By spragueoperati | December 16, 2020 | 0 Comments

Recap: Oil futures rose to a more than nine month high, boosted by trader confidence, as the rollout of the COVID-19 vaccine began its second day in the U.S. and […]

January NYMEX Natural Gas Futures Contract Closed at $2.682 on Monday, December 14th

By spragueoperati | December 15, 2020 | 0 Comments

Monday, December 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.687, nearly ten cents above Friday’s closing price $2.591.  Bolstered by colder temperatures entering the forecast, prices […]

OPEC stated in a monthly report that global oil demand will rebound more slowly in 2021

By spragueoperati | December 15, 2020 | 0 Comments

Recap: After a choppy trading session, oil futures ended higher on Monday. The trading session opened with prices trading slightly to the upside, as the rollout of the COVID-19 vaccine got […]