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February NYMEX Natural Gas Futures Contracts Closed at $3.040 on Tuesday, January 22nd

By spragueoperati | January 23, 2019 | 0 Comments

Tuesday, January 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $3.184, nearly thirty cents below Friday’s closing price of $3.482.  With a temporary thaw giving bears a […]

IIR Energy reported that US oil refiners are expected to shut in 1.1 million bpd of capacity in the week ending January 25th

By spragueoperati | January 22, 2019 | 0 Comments

Recap: Due to the Martin Luther King, Jr. holiday there are no settlements for Monday, January 21st.  Fundamental News: Oil exports from southern Iraq are holding close to a record […]

The oil market was supported by reports of declining OPEC production

By spragueoperati | January 21, 2019 | 0 Comments

Recap: The oil market traded higher on Friday, supported by reports of declining OPEC production and hopes for a resolution to the US-China trade dispute.  The crude market opened 16 […]

February NYMEX Natural Gas Futures Contracts Closed at $3.482 on Friday, January 18th

By spragueoperati | January 21, 2019 | 0 Comments

Friday, January 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.246, nearly seventeen cents below Thursday’s closing price of $3.413.  Falling to the intraday low of $3.201 […]

There continues to be concerns of a slowdown in economic growth cutting oil demand

By spragueoperati | January 18, 2019 | 0 Comments

Recap: The oil market opened relatively unchanged and traded lower on Thursday in line with US and global equities markets amid the continuing concerns of a slowdown in economic growth […]

February NYMEX Natural Gas Futures Contracts Closed at $3.413 on Thursday, January 17th

By spragueoperati | January 18, 2019 | 0 Comments

Thursday, January 17th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.535, fifteen cents above Wednesday’s closing price of $3.384.  Testing the market’s upper limits early on, the […]

EIA report showed larger than expected builds in gasoline and heating oil stockpiles

By spragueoperati | January 17, 2019 | 0 Comments

Recap: After climbing higher in overnight trading, oil prices slipped after the EIA report showed larger than expected builds in both gasoline and heating oil stockpiles. Gasoline stocks increase 7.5 […]

February NYMEX Natural Gas Futures Contracts Closed at $3.384 on Wednesday, January 16th

By spragueoperati | January 17, 2019 | 0 Comments

Wednesday, January 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.652, fifteen cents above Tuesday’s closing price of $3.501.  Extending to a three week intraday high of […]

Oil prices rose by as much as 3 percent on Tuesday

By spragueoperati | January 16, 2019 | 0 Comments

Recap: Oil prices rose by as much as 3 percent on Tuesday after falling more than 2 percent on Monday. The rise in prices came as China presented measures to […]

February NYMEX Natural Gas Futures Contracts Closed at $3.501 on Tuesday, January 15th

By spragueoperati | January 16, 2019 | 0 Comments

Tuesday, January 15th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.607, nearly two cents above Monday’s closing price of $3.591.  Tallying the intraday high of $3.611 as […]