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The EIA reported the third straight weekly decline in U.S. crude oil inventories

By spragueoperati | April 19, 2021 | 0 Comments

Recap: Oil futures turned lower late in the session on Friday, but finished the week with a marked gain on signs of an economic recovery in the U.S. and China and […]

May NYMEX Natural Gas Futures Contract Closed at $2.658 on Thursday, April 15th

By spragueoperati | April 16, 2021 | 0 Comments

Thursday, April 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.590, three cents below Wednesday’s closing price of $2.618.  Tallying an intraday low of $2.586 within minutes […]

Oil futures climbed for the fourth straight session on Thursday

By spragueoperati | April 16, 2021 | 0 Comments

Recap: Oil futures climbed for the fourth straight session on Thursday, settling at their highest level in a month, as optimism over demand, amid falling U.S. crude oil inventories remains the […]

May NYMEX Natural Gas Futures Contract Closed at $2.618 on Wednesday, April 14th

By spragueoperati | April 15, 2021 | 0 Comments

Wednesday, April 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.651, three cents above Tuesday’s closing price of $2.619.  Ascending to an intraday high of $2.666 soon […]

Oil futures climbed by almost 5% on Wednesday

By spragueoperati | April 15, 2021 | 0 Comments

Recap: Oil futures climbed by almost 5% on Wednesday, as the International Energy Agency raised its forecast for global oil demand and as U.S. government data revealed a third-weekly drop in […]

OPEC raised its forecast for oil consumption by 190,000 bpd for 2021

By spragueoperati | April 14, 2021 | 0 Comments

Recap: On Tuesday, the oil market posted an inside trading day as it failed to breach Monday’s trading range.  While the market traded sideways, it did trade higher for much of […]

May NYMEX Natural Gas Futures Contract Closed at $2.561 on Monday, April 12th

By spragueoperati | April 13, 2021 | 0 Comments

Monday, April 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.583, six cents above Friday’s closing price of $2.526.  Ascending to an intraday high of $2.599 within […]

The oil market was supported by optimism over the pace of coronavirus vaccinations in the U.S.

By spragueoperati | April 13, 2021 | 0 Comments

Recap: The oil market on Monday posted an outside trading as the market was well supported by optimism over the pace of coronavirus vaccinations in the U.S. and news that the […]

May NYMEX Natural Gas Futures Contract Closed at $2.526 on Friday, April 9th

By spragueoperati | April 12, 2021 | 0 Comments

Friday, April 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.534, a penny above Thursday’s closing price of $2.522.  Ascending to an intraday high of $2.552 within […]

OPEC and its allies decided to increase supplies by 2 million barrels per day

By spragueoperati | April 12, 2021 | 0 Comments

Recap: Oil futures edged lower on Friday, on concerns about increasing supply, and slowing demand, as the number of coronavirus cases rise across Europe, Brazil and India. Additional downside pressure […]