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The EIA lowered its 2020 forecast for WTI and Brent prices

By spragueoperati | April 8, 2020 | Comments Off on The EIA lowered its 2020 forecast for WTI and Brent prices

Recap: Oil futures gave up early gains on Tuesday to settle lower, pressured after the EIA lowered its 2020 forecast for WTI and Brent prices and its outlook for domestic production […]

May NYMEX Natural Gas Futures Contract Closed at $1.731 on Monday, April 6th

By spragueoperati | April 7, 2020 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $1.731 on Monday, April 6th

Monday, April 6th saw the front-month NYMEX Natural Gas Futures Contract open at $1.666, four cents above Friday’s closing price of $1.621.  Continuing Friday’s momentum, prices surged early on to […]

WTI fell for the first time in 3 sessions

By spragueoperati | April 7, 2020 | Comments Off on WTI fell for the first time in 3 sessions

Recap: WTI fell for the first time in 3 sessions after a meeting by key producers was pushed back to Thursday, contributing to uncertainty in the market, as traders await […]

May NYMEX Natural Gas Futures Contract Closed at $1.621 on Friday, April 3rd

By spragueoperati | April 6, 2020 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $1.621 on Friday, April 3rd

Friday, April 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.550, nearly even to Thursday’s closing price of $1.552.  Recording an intraday low of $1.534 soon after […]

U.S. prices tallied a weekly gain of almost 32%

By spragueoperati | April 6, 2020 | Comments Off on U.S. prices tallied a weekly gain of almost 32%

Recap: Oil futures surged on Friday, with U.S. prices tallying a weekly gain of almost 32%. Prices extended their Thursday rally on growing expectations that major oil producers will reach an […]

May NYMEX Natural Gas Futures Contract Closed at $1.552 on Thursday, April 2nd

By spragueoperati | April 3, 2020 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $1.552 on Thursday, April 2nd

Thursday, April 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.578, a penny below Wednesday’s closing price of $1.587.  Ascending to an intraday high of $1.585 within […]

Oil price jumped on Thursday

By spragueoperati | April 3, 2020 | Comments Off on Oil price jumped on Thursday

Recap: Oil price jumped on Thursday after U.S. President Donald Trump tweeted that he had brokered a deal between Saudi Arabia and Russia that would take at least 10 million […]

May NYMEX Natural Gas Futures Contract Closed at $1.587 on Wednesday, April 1st

By spragueoperati | April 2, 2020 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $1.587 on Wednesday, April 1st

Wednesday, April 1st saw the front-month NYMEX Natural Gas Futures Contract open at $1.626, a penny below Tuesday’s closing price of $1.640.  Extending to an intraday high of $1.640 within […]

The EIA reported a 13.8 million barrel build in U.S. crude oil inventories

By spragueoperati | April 2, 2020 | Comments Off on The EIA reported a 13.8 million barrel build in U.S. crude oil inventories

Recap: Oil prices fell on Wednesday after the EIA reported a 13.8 million barrel build in U.S. crude oil inventories, the largest gain since 2016 while gasoline demand suffered its biggest […]

May NYMEX Natural Gas Futures Contract Closed at $1.640 on Tuesday, March 31st

By spragueoperati | April 1, 2020 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $1.640 on Tuesday, March 31st

Tuesday, March 31st saw the front-month NYMEX Natural Gas Futures Contract open at $1.717, nearly three cents above Monday’s closing price of $1.690.  Riding pre-session momentum to attain an intraday […]