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Oil prices fell on concern that the spread of a virus from China could lower fuel demand

By spragueoperati | January 24, 2020 | Comments Off on Oil prices fell on concern that the spread of a virus from China could lower fuel demand

Recap: Oil prices fell 3% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by […]

February NYMEX Natural Gas Futures Contract Closed at $1.926 on Thursday, January 23rd

By spragueoperati | January 24, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $1.926 on Thursday, January 23rd

Thursday, January 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.958, five cents above Wednesday’s closing price of $1.905.  Moving upward in the first ninety minutes of […]

February NYMEX Natural Gas Futures Contract Closed at $1.905 on Wednesday, January 22nd

By spragueoperati | January 23, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $1.905 on Wednesday, January 22nd

Wednesday, January 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.915, two cents above Tuesday’s closing price of $1.895.  Ascending to an intraday high of $1.942 by […]

Oil prices slipped as much as 3%

By spragueoperati | January 23, 2020 | Comments Off on Oil prices slipped as much as 3%

Recap: Oil prices slipped as much as 3% as the International Energy Agency forecasted a surplus in supplies and as demand worries overshadowed concern over disruptions to Libya’s crude output. Adding […]

February NYMEX Natural Gas Futures Contract Closed at $1.895 on Tuesday, January 21st

By spragueoperati | January 22, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $1.895 on Tuesday, January 21st

Tuesday, January 21st saw the front-month NYMEX Natural Gas Futures Contract open at $1.949, five cents below Friday’s closing price of $2.003.  Gapping lower over the weekend and trading along […]

Investors worry about rising global supplies and a potential slowdown in global economic growth

By spragueoperati | January 22, 2020 | Comments Off on Investors worry about rising global supplies and a potential slowdown in global economic growth

Recap: Crude oil prices finished lower on Tuesday as investor worries about rising global supplies and a potential slowdown in global economic growth overshadowed a supply disruption in the Middle East […]

The next meeting between representatives of the OPEC+ group of oil producers will take place in March

By spragueoperati | January 21, 2020 | Comments Off on The next meeting between representatives of the OPEC+ group of oil producers will take place in March

Fundamental News: OPEC’s Secretary General, Mohammad Barkindo, said the next meeting between representatives of the OPEC+ group of oil producers will take place in March.  He said none of the participants […]

February NYMEX Natural Gas Futures Contract Closed at $2.003 on Friday, January 17th

By spragueoperati | January 20, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.003 on Friday, January 17th

Friday, January 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.037, four cents below Thursday’s closing price of $2.077.  Tumbling lower overnight as weather forecasts are now […]

Baker Hughes reported that US energy firms added oil rigs for the first time in four weeks

By spragueoperati | January 20, 2020 | Comments Off on Baker Hughes reported that US energy firms added oil rigs for the first time in four weeks

Recap: Oil futures ended with a modest gain on Friday, but registered a loss for a second week in a row as traders continued to weigh the prospects for energy demand […]

February NYMEX Natural Gas Futures Contract Closed at $2.077 on Thursday, January 16th

By spragueoperati | January 17, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.077 on Thursday, January 16th

Thursday, January 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.126, just above Wednesday’s closing price of $2.120.  Adding a penny to reach $2.135 ahead of the […]