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Crude oil futures rallied after OPEC members and nonmembers decided to cut production in January

By spragueoperati | December 10, 2018 | Comments Off on Crude oil futures rallied after OPEC members and nonmembers decided to cut production in January

Recap: Crude oil futures rallied on Friday as OPEC members and nonmembers agreed to cut back on production starting in January. After the release of the aforementioned news, January WTI […]

OPEC announced that it was delaying its decision to cut output until it meets with other producers

By spragueoperati | December 7, 2018 | Comments Off on OPEC announced that it was delaying its decision to cut output until it meets with other producers

Recap: The 7.3 million barrel draw in U.S. crude oil inventories did little to prop up prices after OPEC announced that it was delaying its decision to cut output until […]

January NYMEX Natural Gas Futures Contracts Closed at $4.327 on Thursday, December 6th

By spragueoperati | December 7, 2018 | Comments Off on January NYMEX Natural Gas Futures Contracts Closed at $4.327 on Thursday, December 6th

Thursday, December 6th saw the front-month NYMEX Natural Gas Futures Contracts open at $4.366, ten cents below Wednesday’s closing price of $4.469.  Retreating from the intraday high of $4.404 as […]

January NYMEX Natural Gas Futures Contracts Closed at $4.469 on Wednesday, December 5th

By spragueoperati | December 6, 2018 | Comments Off on January NYMEX Natural Gas Futures Contracts Closed at $4.469 on Wednesday, December 5th

Wednesday, December 5th saw the front-month NYMEX Natural Gas Futures Contracts open at $4.547, nine cents above Tuesday’s closing price of $4.457.  Tallying the intraday high of $4.557 within minutes […]

The Joint Ministerial Monitoring Committee agreed on Wednesday on the need to cut oil production in 2019

By spragueoperati | December 6, 2018 | Comments Off on The Joint Ministerial Monitoring Committee agreed on Wednesday on the need to cut oil production in 2019

Recap: Oil prices traded in a choppy fashion ahead of the OPEC meeting which is to take place in Vienna. In a continuation of Tuesday’s late sell off, oil prices traded […]

Traders continue to weigh in on the December 6th OPEC Meeting between major oil producers

By spragueoperati | December 5, 2018 | Comments Off on Traders continue to weigh in on the December 6th OPEC Meeting between major oil producers

Recap: Oil prices opened the session trading above unchanged in what was another unstable session, as traders continued to weigh in on the December 6 OPEC meeting between major oil producers. […]

January NYMEX Natural Gas Futures Contracts Closed at $4.457 on Tuesday, December 4th

By spragueoperati | December 5, 2018 | Comments Off on January NYMEX Natural Gas Futures Contracts Closed at $4.457 on Tuesday, December 4th

Tuesday, December 4th saw the front-month NYMEX Natural Gas Futures Contracts open at $4.561, roughly twenty-two cents above Monday’s closing price of $4.339.  Bounding upward overnight in response to uncertainty […]

Oil prices climbed more than 3% on Monday

By spragueoperati | December 4, 2018 | Comments Off on Oil prices climbed more than 3% on Monday

Recap: Oil prices climbed more than 3% on Monday after the U.S. and China settled a 3-month trade dispute, while OPEC appears ready to cut back on output and Canada’s […]

January NYMEX Natural Gas Futures Contracts Closed at $4.339 on Monday, December 3rd

By spragueoperati | December 4, 2018 | Comments Off on January NYMEX Natural Gas Futures Contracts Closed at $4.339 on Monday, December 3rd

Monday, December 3rd saw the front-month NYMEX Natural Gas Futures Contracts open at $4.297, nearly thirty-two cents below Friday’s closing price of $4.612.  Facing significantly diminished prices as pre-market trading […]

January NYMEX Natural Gas Futures Contracts Closed at $4.612 on Friday, November 30th

By spragueoperati | December 3, 2018 | Comments Off on January NYMEX Natural Gas Futures Contracts Closed at $4.612 on Friday, November 30th

Friday, November 30th saw the front-month NYMEX Natural Gas Futures Contracts open at $4.567, eight cents below Thursday’s closing price of $4.646.  Starting the session on a downbeat, prices trailed […]