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Trade tensions between the U.S. and China dimmed the outlook for demand

By spragueoperati | May 24, 2019 | 0 Comments

Recap: Oil prices plummeted on Tuesday, as trade tensions between the U.S. and China dimmed the outlook for demand. Brent crude futures fell to their lowest level in 8 weeks, with […]

The EIA reported an unexpected build in U.S. crude oil inventories

By spragueoperati | May 23, 2019 | 0 Comments

Recap: Oil prices fell as much as 2% on Wednesday as the EIA reported an unexpected build in U.S. crude oil inventories. According to the report, U.S. crude oil inventories grew […]

June NYMEX Natural Gas Futures Contract Closed at $2.543 on Wednesday, May 22nd

By spragueoperati | May 23, 2019 | 0 Comments

Wednesday, May 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.584, three cents below Tuesday’s closing price of $2.613.  Tallying the intraday high of $2.592 within minutes […]

June NYMEX Natural Gas Futures Contract Closed at $2.613 on Tuesday, May 21st

By spragueoperati | May 22, 2019 | 0 Comments

Tuesday, May 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.645, three cents below Monday’s closing price of $2.673.  Reaching the intraday high of $2.650 by 9:10AM, […]

Oil prices were pressured by trade disputes between the U.S. and China

By spragueoperati | May 22, 2019 | 0 Comments

Recap: Oil prices bounced around the unchanged level on Tuesday, with tensions in the Middle East providing early support, while trade disputes between the U.S. and China added pressure. A […]

OPEC indicated that it would most likely stick to current production cuts

By spragueoperati | May 21, 2019 | 0 Comments

Recap: After trading at their highest level in almost 3 weeks, oil prices eased on Monday as OPEC indicated it would most likely stick to current production cuts. June WTI […]

June NYMEX Natural Gas Futures Contract Closed at $2.673 on Monday, May 20th

By spragueoperati | May 21, 2019 | 0 Comments

Monday, May 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.686, more than three cents above Friday’s closing price of $2.631.  Building upon Friday’s weather-induced ascent, prices […]

Oil prices traded mostly flat in what was a volatile session

By spragueoperati | May 20, 2019 | 0 Comments

Recap: After moving higher in overnight trading on Friday, oil prices traded mostly flat in what was a volatile session.  In early trading, July Brent was up 61 cents at […]

June NYMEX Natural Gas Futures Contract Closed at $2.631 on Friday, May 17th

By spragueoperati | May 20, 2019 | 0 Comments

Friday, May 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.643, just above Thursday’s closing price of $2.639.  Fluctuating within a wide range through the morning hours, […]

Oil prices climbed for the third straight session on Thursday

By spragueoperati | May 17, 2019 | 0 Comments

Recap: Oil prices climbed for the third straight session on Thursday, as tensions in the Mid-East heated after a Saudi-led coalition launched air strikes on Iranian aligned Houthi forces in […]