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The rise in the number of COVID-19 cases across the globe continues to weigh on demand

By spragueoperati | October 19, 2020 | 0 Comments

Recap: Oil futures fell on Friday, as the rise in the number of COVID-19 cases across the globe continues to weigh on demand. OPEC and its ally producers including Russia, […]

November NYMEX Natural Gas Futures Contract Closed at $2.775 on Thursday, October 15th

By spragueoperati | October 16, 2020 | 0 Comments

Thursday, October 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.795, sixteen cents above Wednesday’s closing price $2.636.  Buoyed overnight by traders squaring their positions ahead of […]

Oil prices ended slightly lower on Thursday

By spragueoperati | October 16, 2020 | 0 Comments

Recap: Oil prices ended slightly lower on Thursday, as rising cases of the coronavirus prompted fresh lockdowns in Europe, raising concern that additional shutdowns will follow, thereby decreasing demand. The […]

November NYMEX Natural Gas Futures Contract Closed at $2.636 on Wednesday, October 14th

By spragueoperati | October 15, 2020 | 0 Comments

Wednesday, October 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.650, twenty cents below Tuesday’s closing price of $2.855.  Following Monday’s hurricane-induced jump to $2.900, prices returned […]

The IEA report suggested that crude oil supplies are contracting, estimating a 4 million barrel per day drop in the fourth quarter

By spragueoperati | October 15, 2020 | 0 Comments

Recap: Oil prices traded higher on Wednesday encouraged by OPEC+’s commitment to output cuts, as equities strengthened and the U.S. dollar fell. Adding to Wednesday’s support was the latest IEA […]

November NYMEX Natural Gas Futures Contract Closed at $2.855 on Tuesday, October 13th

By spragueoperati | October 14, 2020 | 0 Comments

Tuesday, October 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.798, nearly eight cents below Monday’s closing price of $2.881.  Falling to an intraday low of $2.779 […]

Data showed that Chinese crude oil imports rose to the equivalent of 11.8 million barrels per day in September

By spragueoperati | October 14, 2020 | 0 Comments

Recap: Oil prices ended higher on Tuesday, as data from China showed a jump in Chinese crude imports. WTI recaptured the $40 level after data showed that Chinese crude oil […]

Oil prices slipped to their lowest level in a week on Monday

By spragueoperati | October 13, 2020 | 0 Comments

Recap: Oil prices slipped to their lowest level in a week on Monday, as production in Norway, Libya and the Gulf of Mexico began to recover. WTI traded back below […]

November NYMEX Natural Gas Futures Contract Closed at $2.741 on Friday, October 9th

By spragueoperati | October 12, 2020 | 0 Comments

Friday, October 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.744, twelve cents above Thursday’s closing price of $2.627.  Ascending to an intraday high of $2.821 by […]

The Bureau of Safety and Environmental Enforcement reported that personnel have been evacuated from a total of 274 production platforms

By spragueoperati | October 12, 2020 | 0 Comments

Recap: The oil markets were on a bit of a rollercoaster today. While the movement of Hurricane Delta across the Gulf of Mexico as a Category 2 or 3 hurricane […]