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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+ […]

July NYMEX Natural Gas Futures Contract Closed at $1.782 on Friday, June 5th

By spragueoperati | June 8, 2020 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $1.782 on Friday, June 5th

Friday, June 5th saw the front-month NYMEX Natural Gas Futures Contract open at $1.858, three cents above Thursday’s closing price of $1.822.  Ascending to an intraday high of $1.864 within […]

The major oil producers are expected to reach an official agreement to extend record production cuts

By spragueoperati | June 8, 2020 | Comments Off on The major oil producers are expected to reach an official agreement to extend record production cuts

Recap: Oil prices rose on Friday after an unexpected fall in the May U.S. unemployment rate and OPEC’s decision to bring forward to Saturday discussions on whether to extend record production […]

July NYMEX Natural Gas Futures Contract Closed at $1.822 on Thursday, June 4th

By spragueoperati | June 5, 2020 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $1.822 on Thursday, June 4th

Thursday, June 4th saw the front-month NYMEX Natural Gas Futures Contract open at $1.819, just below Wednesday’s closing price of $1.821.  Rising steadily to $1.835 ahead of 10:30AM, prices jumped […]

High oil producer compliance to output cuts contributed to a third straight climb

By spragueoperati | June 5, 2020 | Comments Off on High oil producer compliance to output cuts contributed to a third straight climb

Recap: Trading in oil futures started out to the downside on Thursday, but then grinded higher in what was a lackluster session. High oil producer compliance to output cuts contributed […]