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The EIA reported that U.S crude oil inventories rose by 3.5 million barrels

By spragueoperati | February 3, 2020 | Comments Off on The EIA reported that U.S crude oil inventories rose by 3.5 million barrels

Recap: After spiking in January in response to the U.S. drone attack that killed Iran’s top military agent, oil prices slid a painful 15%, the biggest January slide since 1991, as […]

March NYMEX Natural Gas Futures Contract Closed at $1.829 on Thursday, January 30th

By spragueoperati | January 31, 2020 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.829 on Thursday, January 30th

On Thursday, January 30th – the March NYMEX Natural Gas Futures Contract began trading as the prompt month. Opening at $1.831, three cents below Wednesday’s closing price of $1.865, prices […]

Oil prices fell 3% on Thursday to a fresh three month low

By spragueoperati | January 31, 2020 | Comments Off on Oil prices fell 3% on Thursday to a fresh three month low

Recap: Oil prices fell 3% on Thursday to a fresh three month low on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market […]

February NYMEX Natural Gas Futures Contract Closed at $1.877 on Wednesday, January 29th

By spragueoperati | January 30, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $1.877 on Wednesday, January 29th

Wednesday, January 29th – settlement day for the February Contract – saw the front-month NYMEX Natural Gas Futures Contract open at $1.895, four cents below Tuesday’s closing price of $1.934.  […]

The EIA reported an unexpected 3.5 million barrel increase in U.S. crude oil inventories

By spragueoperati | January 30, 2020 | Comments Off on The EIA reported an unexpected 3.5 million barrel increase in U.S. crude oil inventories

Recap: Oil prices were mixed on Wednesday with WTI posting losses after the EIA reported an unexpected 3.5 million barrel increase in U.S. crude oil inventories, the largest increase since November. […]

February NYMEX Natural Gas Futures Contract Closed at $1.934 on Tuesday, January 28th

By spragueoperati | January 29, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $1.934 on Tuesday, January 28th

Tuesday, January 28th saw the front-month NYMEX Natural Gas Futures Contract open at $1.925, two cents above Monday’s closing price of $1.902.  Slipping to an intraday low of $1.914 early […]

Reports circulated that OPEC and its allies were weighing in on the possibility of deeper output cuts

By spragueoperati | January 29, 2020 | Comments Off on Reports circulated that OPEC and its allies were weighing in on the possibility of deeper output cuts

Recap: After dipping by almost 1%, oil prices gained support, as the stock market rebounded and as reports circulated that OPEC and its allies were weighing in on the possibility […]

February NYMEX Natural Gas Futures Contract Closed at $1.902 on Monday, January 27th

By spragueoperati | January 28, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $1.902 on Monday, January 27th

Monday, January 27th saw the front-month NYMEX Natural Gas Futures Contract open at $1.963, seven cents above Friday’s closing price of $1.893.  Tallying the intraday high as the opening bell […]

Oil futures fell for a fifth straight session on Monday

By spragueoperati | January 28, 2020 | Comments Off on Oil futures fell for a fifth straight session on Monday

Recap: Both crude benchmarks have slipped to lows not seen since early October, as oil traders closely monitor the outbreak of a deadly pneumonia-like virus. Oil futures fell for a fifth […]

February NYMEX Natural Gas Futures Contract Closed at $1.893 on Friday, January 24th

By spragueoperati | January 27, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $1.893 on Friday, January 24th

Friday, January 24th saw the front-month NYMEX Natural Gas Futures Contract open at $1.885, four cents below Thursday’s closing price of 1.926.  Declining overnight as bearish fundamentals continue to plague […]