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Oil futures extended their rally on Thursday

By spragueoperati | April 24, 2020 | Comments Off on Oil futures extended their rally on Thursday

Recap: Oil futures extended their rally on Thursday as proposed production cuts by OPEC+ began to take hold as tensions between the U.S. and Iran heat up. Oil prices have succumbed […]

May NYMEX Natural Gas Futures Contract Closed at $1.939 on

By spragueoperati | April 23, 2020 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $1.939 on

Wednesday, April 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.830, a penny above Tuesday’s closing price of $1.821.  Ascending from the intraday low of $1.829, prices […]

A smaller than expected build in U.S. gasoline stocks lifted RBOB prices

By spragueoperati | April 23, 2020 | Comments Off on A smaller than expected build in U.S. gasoline stocks lifted RBOB prices

Recap: Oil futures rebounded on Wednesday as tensions between the U.S. and Iran heat up and declines in U.S. crude output sparked a rebound from a 21-year low and as a […]

May NYMEX Natural Gas Futures Contract Closed at $1.821 on Tuesday, April 21st

By spragueoperati | April 22, 2020 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $1.821 on Tuesday, April 21st

Tuesday, April 21st saw the front-month NYMEX Natural Gas Futures Contract open at $1.914, a penny below Monday’s closing price of $1.924.  Climbing to an intraday high of $1.943 soon […]

Expectations the U.S. and global oil storage capacity will fill up over the next several weeks has fueled volatility for prices

By spragueoperati | April 22, 2020 | Comments Off on Expectations the U.S. and global oil storage capacity will fill up over the next several weeks has fueled volatility for prices

Recap: May WTI rebounded on Tuesday, its expiration day, from an unprecedented negative settlement a day earlier as prices for the new front-month June contract lost 43%. Expectations the U.S. and global oil […]

May NYMEX Natural Gas Futures Contract Closed at $1.924 on Monday, April 20th

By spragueoperati | April 21, 2020 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $1.924 on Monday, April 20th

Monday, April 20th saw the front-month NYMEX Natural Gas Futures Contract open at $1.726, three cents below Friday’s closing price of $1.753.  Recording the intraday low of $1.724 just minutes […]

The expiring May WTI contract reached historical levels on Monday

By spragueoperati | April 21, 2020 | Comments Off on The expiring May WTI contract reached historical levels on Monday

Recap: The expiring May WTI contract reached historical levels on Monday, plunging deep into negative territory, as the economic crisis, sparked by the coronavirus pandemic, continued to eat away at demand. […]

May NYMEX Natural Gas Futures Contract Closed at $1.753 on Friday, April 17th

By spragueoperati | April 20, 2020 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $1.753 on Friday, April 17th

Friday, April 17th saw the front-month NYMEX Natural Gas Futures Contract open at $1.749, six cents above Thursday’s closing price of $1.686.  Continuing the previous session’s momentum, prices surged to […]

U.S. oil futures dropped to their lowest level since early 2002

By spragueoperati | April 20, 2020 | Comments Off on U.S. oil futures dropped to their lowest level since early 2002

Recap: Oil futures were mixed on Friday, with Brent holding onto modest gains and WTI falling to its lowest level in 18 years, in part due to the expiration of the […]

May NYMEX Natural Gas Futures Contract Closed at $1.686 on Thursday, April 16th

By spragueoperati | April 17, 2020 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $1.686 on Thursday, April 16th

Thursday, April 16th saw the front-month NYMEX Natural Gas Futures Contract open at $1.594, just below Wednesday’s closing price of $1.598.  Shedding a few cents out of the gate, prices […]