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July NYMEX Natural Gas Futures Contract Closed at $1.731 on Friday, June 12th

By spragueoperati | June 15, 2020 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $1.731 on Friday, June 12th

Friday, June 12th saw the front-month NYMEX Natural Gas Futures Contract open at $1.791, two cents below Thursday’s closing price of $1.813.  Rising modestly to an intraday high of $1.805, […]

U.S. crude oil inventories have risen to a record 538.1 million barrels

By spragueoperati | June 15, 2020 | Comments Off on U.S. crude oil inventories have risen to a record 538.1 million barrels

Recap: A resurgence of COVID-19 cases combined with concerns over the glum global economic outlook to push oil prices lower on Friday. July WTI fell over 8% on the week, the […]

July NYMEX Natural Gas Futures Contract Closed at $1.813 on Thursday, June 11th

By spragueoperati | June 12, 2020 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $1.813 on Thursday, June 11th

Thursday, June 11th saw the front-month NYMEX Natural Gas Futures Contract open at $1.781, nearly even to Wednesday’s closing price of $1.780.  Ascending from an intraday low of $1.776 within […]

Crude oil prices fell more than 8% on Thursday

By spragueoperati | June 12, 2020 | Comments Off on Crude oil prices fell more than 8% on Thursday

Recap: Crude oil prices fell more than 8% on Thursday, posting the biggest one-day loss in six weeks, as U.S. crude oil inventories increased, the number of coronavirus cases grew […]

July NYMEX Natural Gas Futures Contract Closed at $1.780 on Wednesday, June 10th

By spragueoperati | June 11, 2020 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $1.780 on Wednesday, June 10th

Wednesday, June 10th saw the front-month NYMEX Natural Gas Futures Contract open at $1.764, nearly even to Tuesday’s closing price of $1.767.  Ascending to an intraday high of $1.808 by […]

The EIA reported an increase of 5.7 million barrels in last week’s inventory report

By spragueoperati | June 11, 2020 | Comments Off on The EIA reported an increase of 5.7 million barrels in last week’s inventory report

Recap: Oil futures climbed for the second straight session, despite U.S. crude oil stockpiles rising to record levels. Prices had spent part of the session trading to the downside after the […]

July NYMEX Natural Gas Futures Contract Closed at $1.767 on Tuesday, June 9th

By spragueoperati | June 10, 2020 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $1.767 on Tuesday, June 9th

Tuesday, June 9th saw the front-month NYMEX Natural Gas Futures Contract open at $1.779, a penny below Monday’s closing price of $1.789.  In an uneventful day of trading, prices rose […]

The Bureau of Safety and Environmental Enforcement reported that 31% of U.S. Gulf of Mexico oil production remained offline

By spragueoperati | June 10, 2020 | Comments Off on The Bureau of Safety and Environmental Enforcement reported that 31% of U.S. Gulf of Mexico oil production remained offline

Recap: Crude oil futures gave early losses on Tuesday to close higher on the day, on increased expectations for a rebound in energy demand. Prices spent most of the session […]

July NYMEX Natural Gas Futures Contract Closed at $1.789 on Monday, June 8th

By spragueoperati | June 9, 2020 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $1.789 on Monday, June 8th

Monday, June 8th saw the front-month NYMEX Natural Gas Futures Contract open at $1.768, a penny below Friday’s closing price of $1.782.  Ascending to an intraday high of $1.800 by […]

OPEC+ agreed to extend current production cuts through July

By spragueoperati | June 9, 2020 | Comments Off on OPEC+ agreed to extend current production cuts through July

Recap: Oil futures settled lower on Monday, with prices down more than 3% as traders focused on the potential for higher production from the US, Mexico and Libya. Meanwhile, OPEC+ […]