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OPEC and the IEA both lowered their demand forecasts

By spragueoperati | October 15, 2018 | 0 Comments

Recap: Oil prices staged a comeback on Friday, but suffered their first weekly loss in five weeks. OPEC’s monthly report, which indicated a growth in the group’s production, and the […]

EIA reported a 6 million barrel rise in U.S. crude oil inventories

By spragueoperati | October 12, 2018 | 0 Comments

Recap: Oil prices fell sharply on Thursday after the EIA reported a 6 million barrel rise in U.S. crude oil inventories. This was the third week in a row U.S. […]

November NYMEX Natural Gas Futures Contracts Closed at $3.222 on Thursday, October 11th

By spragueoperati | October 12, 2018 | 0 Comments

Thursday, October 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.205, eight cents below Wednesday’s closing price of $3.284.  Arcing lower soon after markets opened, prices stabilized […]

November NYMEX Natural Gas Futures Contracts Closed at $3.284 on Wednesday, October 10th

By spragueoperati | October 11, 2018 | 0 Comments

Wednesday, October 10th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.317, five cents above Tuesday’s closing price of $3.266.  Sinking below $3.300 soon after markets opened, prices […]

API reported a 9.7 million barrel build in U.S. crude oil inventories

By spragueoperati | October 11, 2018 | 0 Comments

Recap: Oil prices fell to an almost two-week low on Wednesday, along with the equities market, which hit a three month low. The sell-off came despite concern over supply shortages due […]

November NYMEX Natural Gas Futures Contracts Closed at $3.266 on Tuesday, October 9th

By spragueoperati | October 10, 2018 | 0 Comments

Tuesday, October 9th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.302, nearly four cents above Monday’s closing price of $3.267.  Experiencing volatility throughout the morning, prices slipped […]

Oil prices bounced on Tuesday after industry sources reported a decline in Iranian oil exports

By spragueoperati | October 10, 2018 | 0 Comments

Recap: Oil prices bounced on Tuesday after industry sources reported a decline in Iranian oil exports ahead of the November imposition of new U.S. sanctions against Iran. November WTI bounced off […]

November NYMEX Natural Gas Futures Contracts Closed at $3.267 on Monday, October 8th

By spragueoperati | October 9, 2018 | 0 Comments

Monday, October 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.249, more than ten cents above Friday’s closing price of $3.143.  Jumping higher in pre-market trading, prices […]

Losses were pared on news reports that Hurricane Michael has the potential to reach a Category 3 once it enters the Gulf of Mexico

By spragueoperati | October 9, 2018 | 0 Comments

Recap: Oil prices, fell as much as 1.7% on Monday on talk that the U.S. might allow waivers for some buyers of Iranian oil when U.S. sanctions against Iran go into […]

Regulatory Matters – Third Quarter 2018

By spragueoperati | October 8, 2018 | 0 Comments

Sprague Regulatory Matters is provided as a courtesy to our customers. Please note that the information contained in Sprague Regulatory Matters is for informational purposes only and should not be […]