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Trade tensions between China and the U.S. pressured commodities across the board

By spragueoperati | August 24, 2018 | 0 Comments

Recap: Oil prices fell from a 2-week high, as escalating trade tensions between China and the U.S. pressured commodities across the board. The commencement of the tariffs is expected to […]

Prices were spurred higher by the 5.8 million barrel draw in U.S. crude oil inventories

By spragueoperati | August 23, 2018 | 0 Comments

Recap: Oil prices climbed 3% on Wednesday, with WTI experiencing its largest one day gain in almost two-months, while Brent rose to its highest level in two-weeks. Prices were spurred […]

September NYMEX Natural Gas Futures Contracts Closed at $2.956 on Wednesday, August 22nd

By spragueoperati | August 23, 2018 | 0 Comments

Wednesday, August 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.974, slightly below Tuesday’s closing price of $2.980.  Coming off Tuesday’s near two-month high, prices fluctuated along […]

Oil prices were pushed higher due to concerns over supplies and a weak dollar

By spragueoperati | August 22, 2018 | 0 Comments

Recap: Concerns about tightness in supplies combined with a weak dollar pushed oil prices higher on Tuesday, making this the fourth straight session prices rose. Despite the lack of fresh […]

September NYMEX Natural Gas Futures Contracts Closed at $2.980 on Tuesday, August 21st

By spragueoperati | August 22, 2018 | 0 Comments

Tuesday, August 21st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.971, three cents above Monday’s closing price of $2.941.  Responding to updated forecasts for increased demand to […]

September NYMEX Natural Gas Futures Contracts Closed at $2.941 on Monday, August 20t

By spragueoperati | August 21, 2018 | 0 Comments

Monday, August 20th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.921, nearly three cents below Friday’s closing price of $2.946.  Mimicking Friday’s opening, prices fell to the […]

Concerns shifted away from trade wars between China and the U.S. to possible U.S. sanctions against Iran

By spragueoperati | August 21, 2018 | 0 Comments

Recap: Oil prices rose on Monday, stemming three weeks of losses, as concern shifted away from trade wars between China and the U.S. to possible U.S. sanctions against Iran. The focus […]

The market started to retrace its losses after the US and China said they would resume talks over their trade dispute

By spragueoperati | August 20, 2018 | 0 Comments

Recap: The crude market traded higher on Friday as it continued to retrace some of its recent sell off.  Prices this week were weighed down by the Turkish currency crisis, a […]

September NYMEX Natural Gas Futures Contracts Closed at $2.946 on Friday, August 20th

By spragueoperati | August 20, 2018 | 0 Comments

Friday, August 17th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.942, more than three cents above Thursday’s closing price of $2.908.  Slipping to the intraday low of […]

Investors are concerned over the currency crisis in Turkey

By spragueoperati | August 17, 2018 | 0 Comments

Recap: The oil market opened 6 cents lower and sold off to a low of $64.43 in overnight trading as it remained pressured following Wednesday’s sharp losses.  However, the market […]