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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 […]

January NYMEX Natural Gas Futures Contract Closed at $2.591 on Friday, December 11th

By spragueoperati | December 14, 2020 | 0 Comments

Friday, December 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.599, five cents above Thursday’s closing price $2.553.  Trading within three cents of $2.595 for the duration […]

Baker Hughes reported that U.S. energy firms added the most oil and natural gas rigs in a week since January

By spragueoperati | December 14, 2020 | 0 Comments

Recap: Oil futures ended lower on Friday, but gained for the fifth straight week, as traders remain hopeful over the progress on the vaccines for the COVID-19 virus. Signs of […]

January NYMEX Natural Gas Futures Contract Closed at $2.553 on Thursday, December 10th

By spragueoperati | December 11, 2020 | 0 Comments

Thursday, December 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.450, a penny above Wednesday’s closing price $2.442.  Trading along $2.475 through 10:00AM following an early jump, […]

WTI traded above $47 a barrel and Brent broke above $50 a barrel on Tuesday

By spragueoperati | December 11, 2020 | 0 Comments

Recap: After failing to find downside momentum off of yesterday’s EIA report, oil futures quickly rebounded, with WTI trading above $47 a barrel and Brent breaking above $50 a barrel […]

January NYMEX Natural Gas Futures Contract Closed at $2.442 on Wednesday, December 9th

By spragueoperati | December 10, 2020 | 0 Comments

Wednesday, December 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.501, ten cents above Tuesday’s closing price $2.399.  Recording an intraday high of $2.508 at 9:20AM, prices […]

There was a 15 million barrel increase in U.S. crude oil inventories

By spragueoperati | December 10, 2020 | 0 Comments

Recap: Oil futures posted modest losses on Wednesday despite the more than 15 million barrel increase in U.S. crude oil inventories. The modest reaction to the huge stockpile build has […]

January NYMEX Natural Gas Futures Contract Closed at $2.399 on Tuesday, December 8th

By spragueoperati | December 9, 2020 | 0 Comments

Tuesday, December 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.434, three cents above Monday’s closing price $2.406.  Trading within three cents of $2.435 through the morning […]