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The oil market remained well supported in overnight trading on hopes for a trade deal between the US and China

By spragueoperati | November 19, 2019 | 0 Comments

Recap:  Following last week’s gains, the oil market remained well supported in overnight trading on hopes for a trade deal between the US and China and the expectations that OPEC […]

December NYMEX Natural Gas Futures Contract Closed at $2.688 on Friday, November 15th

By spragueoperati | November 18, 2019 | 0 Comments

Friday, November 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.671, roughly two cents above Thursday’s closing price of $2.647.  Descending into the session’s opening hour to […]

Baker Hughes Co. reported that the number of active U.S. rigs drilling for oil fell by 10

By spragueoperati | November 18, 2019 | 0 Comments

Recap: Oil futures climbed on Friday to turn higher for the week, with optimism over phase one of a potential U.S.-China trade deal lifting prospects for energy demand, even as traders […]

December NYMEX Natural Gas Futures Contract Closed at $2.647 on Thursday, November 14th

By spragueoperati | November 15, 2019 | 0 Comments

Thursday, November 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.678, nearly eight cents above Wednesday’s closing price of $2.600.  Stepping lower early on, following the overnight […]

U.S. crude oil inventory increased by 2.2 million barrels

By spragueoperati | November 15, 2019 | 0 Comments

Recap: Crude oil prices pared early gains after the EIA reported a larger than expected build in U.S. crude oil inventories. For the week ending November 8, U.S. crude oil inventory […]

December NYMEX Natural Gas Futures Contract Closed at $2.600 on Wednesday, November 13th

By spragueoperati | November 14, 2019 | 0 Comments

Wednesday, November 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.594, three cents below Tuesday’s closing price of $2.621.  In an uneventful day of trading, prices fluctuated […]

U.S. shale oil production could grow by much less than expected in 2020

By spragueoperati | November 14, 2019 | 0 Comments

Recap: Oil prices climbed higher on Wednesday, erasing two days of losses after OPEC said it saw no signs of global recession and that U.S. shale oil production could grow by […]

December NYMEX Natural Gas Futures Contract Closed at $2.621 on Tuesday, November 12th

By spragueoperati | November 13, 2019 | 0 Comments

Tuesday, November 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.660, two cents above Monday’s closing price of $2.637.  Reaching a modest intraday high of $2.662 by […]

Oil prices shifted to the downside on Tuesday

By spragueoperati | November 13, 2019 | 0 Comments

Recap: Oil prices shifted to the downside on Tuesday after experiencing about a 1% rise earlier in the session following a speech by U.S. President Donald Trump in which he offered […]

December NYMEX Natural Gas Futures Contract Closed at $2.637 on Monday, November 11th

By spragueoperati | November 12, 2019 | 0 Comments

Monday, November 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.641, fifteen cents below Friday’s closing price of $2.789.  Slipping lower over the weekend despite Thursday’s bullish […]