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April NYMEX Natural Gas Futures Contract Closed at $2.839 on Tuesday, March 2nd

By spragueoperati | March 3, 2021 | 0 Comments

Tuesday, March 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.819, four cents above Monday’s closing price of $2.777. In a bumpy day of trading, prices quickly […]

Traders were focused on rising tensions between the U.S. and Saudi Arabia.

By spragueoperati | March 3, 2021 | 0 Comments

Recap: Oil futures extended their losses on Tuesday ahead of the meeting between OPEC and its allies, where they will decide whether or not to boost production levels. Traders were also […]

April NYMEX Natural Gas Futures Contract Closed at $2.777 on Monday, March 1st

By spragueoperati | March 2, 2021 | 0 Comments

Monday, March 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.741, three cents below Friday’s closing price of $2.771.  In a quiet day of trading, prices hovered […]

OPEC and other major producers are set to meet on March 3 and 4 to discuss production curbs

By spragueoperati | March 2, 2021 | 0 Comments

Recap: Oil futures traded higher in a mostly sideways pattern in overnight trading, but in a sign of exhaustion, fell below unchanged. Optimism over COVID-19 vaccines pushed April WTI to […]

April NYMEX Natural Gas Futures Contract Closed at $2.771 on Friday, February 26th

By spragueoperati | March 1, 2021 | 0 Comments

Friday, February 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.731, four cents below Thursday’s closing price of $2.777.  Falling to an intraday low of $2.707 by […]

OPEC+ is expected to increase quotas by 500,000 barrels per day

By spragueoperati | March 1, 2021 | 0 Comments

Recap: A rise in the U.S. dollar combined with increasing concern over next week’s meeting between OPEC and other major producers, pushed oil futures lower on Friday. OPEC+ is expected to […]

April NYMEX Natural Gas Futures Contract Closed at $2.777 on Thursday, February 25th

By spragueoperati | February 26, 2021 | 0 Comments

Thursday, February 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.804, a penny above Wednesday’s closing price of $2.795.  Falling to an intraday low of $2.766 by […]

U.S. crude oil inventories have fallen 40 million barrels over the last three weeks

By spragueoperati | February 26, 2021 | 0 Comments

Recap: Just one day after hitting their highest close in more than a year, WTI extended its gains, with April WTI reaching toward $64 a barrel, as U.S. crude oil inventories have […]

April NYMEX Natural Gas Futures Contract Closed at $2.795 on Wednesday, February 24th

By spragueoperati | February 25, 2021 | 0 Comments

Wednesday, February 24th – settlement day for the March contract – saw the front-month NYMEX Natural Gas Futures Contract open at $2.852, nearly three cents below Tuesday’s closing price of […]

The EIA reported a more than 1 million barrel per day decline in U.S. crude oil production

By spragueoperati | February 25, 2021 | 0 Comments

Recap: Oil futures marked a 13-month high on Wednesday, after the EIA reported a more than 1 million barrel per day decline in U.S. crude oil production during the deep freeze […]