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Oil prices turned lower on Monday

By spragueoperati | July 16, 2019 | 0 Comments

Recap: Oil prices turned lower on Monday, as the impact of a tropical storm on U.S. Gulf Coast production and refining appeared to be less than expected and on mixed […]

August NYMEX Natural Gas Futures Contract Closed at $2.408 on Monday, July 15th

By spragueoperati | July 16, 2019 | 0 Comments

Monday July 15th saw the front-month NYMEX Natural Gas Futures Contract open at 2.413, four cents below Friday’s closing price of $2.458.  Natural Gas prices moved lower Monday, easing some […]

The IEA said increasing US oil output will outpace global demand and lead to a large inventory build around the world in the next nine months.

By spragueoperati | July 15, 2019 | 0 Comments

Recap: The oil market traded higher but failed to breach its previous high as concerns over a global surplus in the months ahead limited its gains.  The IEA said increasing […]

August NYMEX Natural Gas Futures Contract Closed at $2.453 on Friday, July 12th

By spragueoperati | July 15, 2019 | 0 Comments

Friday July 12th saw the front-month NYMEX Natural Gas Futures Contract open at 2.458, four cents above Thursday’s closing price of $2.416.  Recovering from Thursday’s storage-induced selloff, as the injection […]

The oil market continued to trend higher early Thursday ahead of the storm in the Gulf of Mexico

By spragueoperati | July 12, 2019 | 0 Comments

Recap: The oil market continued to trend higher early Thursday ahead of the storm in the Gulf of Mexico, with oil producers evacuating and shutting in production.  The crude market […]

August NYMEX Natural Gas Futures Contract Closed at $2.416 on Thursday, July 11th

By spragueoperati | July 12, 2019 | 0 Comments

Thursday July 11th saw the front-month NYMEX Natural Gas Futures Contract open at 2.459, roughly a penny above Wednesday’s closing price of $2.446.  Trading within a penny of $2.470 until […]

The EIA reported a larger than expected draw in crude stocks of 9.5 million barrels

By spragueoperati | July 11, 2019 | 0 Comments

Recap: Oil prices rose on Wednesday in light of the weekly stock reports showing larger than expected draws in crude stocks and reports of major US producers evacuating and shutting […]

August NYMEX Natural Gas Futures Contract Closed at $2.444 on Wednesday, July 10th

By spragueoperati | July 11, 2019 | 0 Comments

Wednesday July 10th saw the front-month NYMEX Natural Gas Futures Contract open at 2.439, roughly a penny above Tuesday’s closing price of $2.425.  The contract performed well early, the price […]

Oil prices wavered between gains and losses on Tuesday

By spragueoperati | July 10, 2019 | 0 Comments

Recap: Oil prices wavered between gains and losses on Tuesday, as the market weighed concerns over global economic growth against declining production and geopolitical tensions.  Worries about the escalating tensions […]

August NYMEX Natural Gas Futures Contract Closed at $2.425 on Tuesday, July 9th

By spragueoperati | July 10, 2019 | 0 Comments

Tuesday, July 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.373, three cents below Monday’s closing price of $2.403.  Touching the intraday low of $2.370 shortly after […]