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January NYMEX Natural Gas Futures Contract Closed at $2.334 on Friday, December 6th

By spragueoperati | December 9, 2019 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.334 on Friday, December 6th

Friday, December 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.392, three cents below Thursday’s closing price of $2.427.  Jumping to an intraday high of $2.420 by […]

OPEC and other key producers surprised the market with steeper output cuts for early next year

By spragueoperati | December 9, 2019 | Comments Off on OPEC and other key producers surprised the market with steeper output cuts for early next year

Recap: Oil futures experienced a wide trading range on Friday, as prices initially headed lower, only to reverse to the upside after OPEC and other key producers surprised the market with […]

January NYMEX Natural Gas Futures Contract Closed at $2.427 on Thursday, December 5th

By spragueoperati | December 6, 2019 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.427 on Thursday, December 5th

Thursday, December 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.427, three cents above Wednesday’s closing price of $2.399.  Trading within two cents of $2.415 through the […]

Oil futures rallied on expectations OPEC and other major oil producers will make further output cuts in an effort to prop up prices

By spragueoperati | December 6, 2019 | Comments Off on Oil futures rallied on expectations OPEC and other major oil producers will make further output cuts in an effort to prop up prices

Recap: Oil futures rallied a bit on Thursday on expectations OPEC and other major oil producers will make further output cuts in an effort to prop up prices. A ministerial panel […]

January NYMEX Natural Gas Futures Contract Closed at $2.399 on Wednesday, December 4th

By spragueoperati | December 5, 2019 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.399 on Wednesday, December 4th

Wednesday, December 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.401, four cents below Tuesday’s closing price of $2.441.  Following the previous session’s weather-induced rally, forecasts warmed […]

The EIA reported that crude stocks fell by 4.9 million barrels

By spragueoperati | December 5, 2019 | Comments Off on The EIA reported that crude stocks fell by 4.9 million barrels

Recap: Oil futures rose Wednesday, after U.S. government data showed the first decline in U.S. crude-oil inventories in six weeks. WTI January delivery rose $2.56, or 4.5%, to $58.66 a barrel, while […]

January NYMEX Natural Gas Futures Contract Closed at $2.441 on Tuesday, December 3rd

By spragueoperati | December 4, 2019 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.441 on Tuesday, December 3rd

Tuesday, December 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.409, eight cents above Monday’s closing price of $2.329.  Falling to an intraday low of $2.391 as […]

The market was supported by increasing expectations of deeper output cuts from and OPEC and its allies

By spragueoperati | December 4, 2019 | Comments Off on The market was supported by increasing expectations of deeper output cuts from and OPEC and its allies

Recap: The oil market on Tuesday posted an outside trading day but continued to trade within Friday’s trading range as it traded in and out of positive territory.  The market was […]

January NYMEX Natural Gas Futures Contract Closed at $2.329 on Monday, December 2nd

By spragueoperati | December 3, 2019 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.329 on Monday, December 2nd

Monday, December 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.343, six cents above Friday’s closing price of $2.281.  Tumbling to the $2.300 level on Friday as […]

Oil prices rose after signs of a rebound in manufacturing activity in China

By spragueoperati | December 3, 2019 | Comments Off on Oil prices rose after signs of a rebound in manufacturing activity in China

Recap:  Oil futures rose Monday, buoyed after signs of a rebound in manufacturing activity in China as well as the potential for OPEC and its allies to agree on deeper […]