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OPEC+’s regularly scheduled monthly joint committee meeting sent oil prices skyrocketing on Thursday

By spragueoperati | September 18, 2020 | 0 Comments

Recap: Strong words out of OPEC+’s regularly scheduled monthly joint committee meeting sent oil prices skyrocketing on Thursday, as its members reassured the oil industry that it was committed to […]

October NYMEX Natural Gas Futures Contract Closed at $2.267 on Wednesday, September 16th

By spragueoperati | September 17, 2020 | 0 Comments

Wednesday, September 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.333, three cents below Tuesday’s closing price of $2.362.  Trading slightly higher to record an intraday high […]

The EIA reported a 4.4 million barrel draw in U.S. crude oil inventories

By spragueoperati | September 17, 2020 | 0 Comments

Recap: Oil futures climbed more than 4% on Wednesday after the EIA reported a 4.4 million barrel draw in U.S. crude oil inventories, while Hurricane Sally curtailed production in the Gulf […]

October NYMEX Natural Gas Futures Contract Closed at $2.362 on Tuesday, September 15th

By spragueoperati | September 16, 2020 | 0 Comments

Tuesday, September 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.328, two cents above Monday’s closing price of $2.310.  Ascending from an intraday low of $2.304 near […]

The IEA lowered its 2020 outlook for demand by 200,000 barrel per day

By spragueoperati | September 16, 2020 | 0 Comments

Recap: Oil futures rose on Tuesday, getting a boost from supply disruptions due to Hurricane Sally, which shut in more than a quarter of offshore crude production in the Gulf […]

October NYMEX Natural Gas Futures Contract Closed at $2.310 on Monday, September 14th

By spragueoperati | September 15, 2020 | 0 Comments

Monday, September 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.368, ten cents above Friday’s closing price of $2.269.  Climbing to an intraday high of $2.385 soon […]

The Bureau of Safety and Environmental Enforcement said Hurricane Sally forced energy firms to shut in 21.4% of offshore crude oil production in the northern Gulf of Mexico

By spragueoperati | September 15, 2020 | 0 Comments

Recap: The trading session on Monday was subdued as demand concerns tied to the pandemic eclipsed any damage concerns due to Hurricane Sally, which is approaching the Gulf of Mexico, […]

October NYMEX Natural Gas Futures Contracts Closed at $2.269 on Friday, September 11th

By spragueoperati | September 14, 2020 | 0 Comments

Friday, September 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.294, three cents below Thursday’s closing price of $2.323.  Jumping to an intraday high of $2.335 within […]

Crude oil markets fell for the second straight week

By spragueoperati | September 14, 2020 | 0 Comments

Recap: Crude oil markets fell for the second straight week, with both Brent and WTI breaking down below $40 a barrel. This was the first consecutive weekly decline since April, […]

October NYMEX Natural Gas Futures Contract Closed at $2.323 on Thursday, September 10th

By spragueoperati | September 11, 2020 | 0 Comments

Thursday, September 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.347, six cents below Wednesday’s closing price of $2.406.  Seeking direction in the session’s opening ninety minutes, […]