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August NYMEX Natural Gas Futures Contract Closed at $2.300 on Tuesday, July 23rd

By spragueoperati | July 24, 2019 | 0 Comments

Tuesday, July 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.299, a penny below Monday’s closing price of $2.312.  In an uneventful session, prices traded within a […]

Oil prices rose on Monday, as tensions in the Middle East escalated

By spragueoperati | July 23, 2019 | 0 Comments

Recap: Oil prices rose on Monday, as tensions in the Middle East escalated with the seizure of a British tanker by Iran’s Revolutionary Guards. Despite the heightened tensions, rising U.S. […]

August NYMEX Natural Gas Futures Contract closed at $2.312 on Monday, July 22nd

By spragueoperati | July 23, 2019 | 0 Comments

Monday, July 22nd saw the front-month NYMEX Natural Gas Futures Contract open at 2.278, nearly three cents above Friday’s closing price of $2.251.  Touching down to the intraday low of […]

Prices were supported by rising tensions between the U.S. and Iran

By spragueoperati | July 22, 2019 | 0 Comments

Recap: Oil prices firmed on Friday after suffering significant losses on Thursday. Prices were supported by rising tensions between the U.S. and Iran however gains were contained by concerns that […]

August NYMEX Natural Gas Futures Contract Closed at $2.251 on Friday, July 19th

By spragueoperati | July 22, 2019 | 0 Comments

Friday, July 19th saw the front-month NYMEX Natural Gas Futures Contract open at 2.291, just above Thursday’s closing price of $2.287.  Peaking at the intraday high of $2.292 within minutes […]

The IEA is reducing its 2019 oil demand forecast due to a slowing global economy

By spragueoperati | July 19, 2019 | 0 Comments

Recap: After posting early gains on increased tensions in the Middle East, crude oil futures experienced considerable losses, as prices broke through key technical support levels. Prices had been trading […]

August NYMEX Natural Gas Futures Contract Closed at $2.827 on Thursday, July 17th

By spragueoperati | July 19, 2019 | 0 Comments

Thursday July 18th saw the front-month NYMEX Natural Gas Futures Contract open at 2.333, three cents above Wednesday’s closing price of $2.304.  Trading within two cents of $2.337 until 10:30AM […]

Domestic crude supplies fell for a fifth straight week

By spragueoperati | July 18, 2019 | 0 Comments

Recap: Crude oil futures moved lower Wednesday as U.S. government data revealed that domestic crude supplies fell for a fifth straight week, but the stocks were down by less than […]

August NYMEX Natural Gas Futures Contract Closed at $2.304 on Wednesday, July 17th

By spragueoperati | July 18, 2019 | 0 Comments

Wednesday July 17th saw the front-month NYMEX Natural Gas Futures Contract open at 2.338, roughly three cents above Tuesday’s closing price of $2.306. Prices fluctuated through the early afternoon reaching […]

The tensions between the U.S. and Iran appears to be easing

By spragueoperati | July 17, 2019 | 0 Comments

Recap: After firming in early morning trading, oil prices turned lower on Tuesday, as U.S. offshore production resumed after Hurricane Barry and as tensions between the U.S. and Iran appeared […]