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The EIA reported that crude stocks fell by 4.9 million barrels

By spragueoperati | December 5, 2019 | 0 Comments

Recap: Oil futures rose Wednesday, after U.S. government data showed the first decline in U.S. crude-oil inventories in six weeks. WTI January delivery rose $2.56, or 4.5%, to $58.66 a barrel, while […]

January NYMEX Natural Gas Futures Contract Closed at $2.441 on Tuesday, December 3rd

By spragueoperati | December 4, 2019 | 0 Comments

Tuesday, December 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.409, eight cents above Monday’s closing price of $2.329.  Falling to an intraday low of $2.391 as […]

The market was supported by increasing expectations of deeper output cuts from and OPEC and its allies

By spragueoperati | December 4, 2019 | 0 Comments

Recap: The oil market on Tuesday posted an outside trading day but continued to trade within Friday’s trading range as it traded in and out of positive territory.  The market was […]

January NYMEX Natural Gas Futures Contract Closed at $2.329 on Monday, December 2nd

By spragueoperati | December 3, 2019 | 0 Comments

Monday, December 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.343, six cents above Friday’s closing price of $2.281.  Tumbling to the $2.300 level on Friday as […]

Oil prices rose after signs of a rebound in manufacturing activity in China

By spragueoperati | December 3, 2019 | 0 Comments

Recap:  Oil futures rose Monday, buoyed after signs of a rebound in manufacturing activity in China as well as the potential for OPEC and its allies to agree on deeper […]

January NYMEX Natural Gas Futures Contract Closed at $2.501 on Wednesday, November 27th

By spragueoperati | December 2, 2019 | 0 Comments

On Wednesday, November 27th – the January NYMEX Natural Gas Futures Contract began trading as the prompt month.  Opening at $2.530, just below Tuesday’s closing price of $2.533, the contract […]

Oil prices moved lower ate 1.6 million barrel rise in U

By spragueoperati | December 2, 2019 | 0 Comments

Recap: Oil prices turned lower Wednesday after official U.S. inventory data posted a 1.6 million barrel rise in U.S. crude oil stockpiles, which defied analyst predictions for a drawdown. Earlier, oil […]

December NYMEX Natural Gas Futures Contract Closed at $2.533 on Tuesday, November 26th

By spragueoperati | November 27, 2019 | 0 Comments

Tuesday, November 26th – settlement day for the December Contract – saw the front-month NYMEX Natural Gas Futures Contract open at $2.460, seven cents below Monday’s closing price of $2.531.  […]

Oil prices edged higher on Tuesday

By spragueoperati | November 27, 2019 | 0 Comments

Recap: Oil prices edged higher Tuesday amid hopes that trade talks between China and the U.S. will ultimately result in a deal that sustains global economic growth and energy demand while […]

December NYMEX Natural Gas Futures Contract Closed at $2.531 on Monday, November 25th

By spragueoperati | November 26, 2019 | 0 Comments

Monday, November 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.527, fourteen cents below Friday’s closing price of $2.665.  Tripping out of the gate to fall to […]