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Venezuelan exports continue to decline in the wake of nationwide power outages

By spragueoperati | March 12, 2019 | 0 Comments

Recap: WTI bounced off of the $56.00 level on reports that Saudi Arabia plans to lengthen its reduction of crude oil exports, while Venezuelan exports continue to decline in the […]

April NYMEX Natural Gas Futures Contracts Closed at $2.772 on Monday, March 11th

By spragueoperati | March 12, 2019 | 0 Comments

Monday, March 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.787, roughly eight cents below Friday’s closing price of $2.865.  Losing ground in pre-session trading, markets seemingly […]

April NYMEX Natural Gas Futures Contracts Closed at $2.865 on Friday, March 8th

By spragueoperati | March 11, 2019 | 0 Comments

Friday, March 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.875, a penny above Thursday’s closing price of $2.866.  Jumping to the intraday high of $2.885 as […]

Oil prices finished lower for the second straight week

By spragueoperati | March 11, 2019 | 0 Comments

Recap: Oil prices fell hard on Friday, finishing lower for the second straight week, after the U.S. Labor Department reported lower than expected job growth in the U.S. According to […]

April NYMEX Natural Gas Futures Contracts Closed at $2.866 on Thursday, March 7th

By spragueoperati | March 8, 2019 | 0 Comments

Thursday, March 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.831, a penny below Wednesday’s closing price of $2.841.  Climbing to $2.855 by 9:15AM, prices traded sideways […]

OPEC output fell to its lowest level in nearly four years

By spragueoperati | March 8, 2019 | 0 Comments

Recap: Oil prices recovered on Thursday after falling 2 percent on Wednesday, bolstered by a falling OPEC output, which fell to its lowest level in nearly four years. WTI for April […]

The EIA reported a larger than expected build in U.S. crude oil stockpiles

By spragueoperati | March 7, 2019 | 0 Comments

Recap: WTI fell as much as 2 percent on Monday after the EIA reported a larger than expected build in U.S. crude oil stockpiles. WTI for April delivery slipped to a […]

April NYMEX Natural Gas Futures Contract Closed at $2.841 on Wednesday, March 6th

By spragueoperati | March 7, 2019 | 0 Comments

Wednesday, March 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.873, a penny below Tuesday’s closing price of $2.884.  Recording the intraday high of $2.874 within minutes […]

The trade deal between the U.S. and China has been the driving force behind the market

By spragueoperati | March 6, 2019 | 0 Comments

Recap: With traders having already factored in OPEC lead production cuts and the effects from the restart of Libya’s El Sharara oilfield amidst weak demand keeping a lid on prices, […]

April NYMEX Natural Gas Futures Contracts Closed at $2.884 on Tuesday, March 5th

By spragueoperati | March 6, 2019 | 0 Comments

Tuesday, March 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.869, roughly a penny above Monday’s closing price of $2.857.  Trending lower initially, prices fell to the […]