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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 […]

September NYMEX Natural Gas Futures Contracts Closed at $2.908 on Thursday, August 16th

By spragueoperati | August 17, 2018 | 0 Comments

Thursday, August 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.938, nearly even to Wednesday’s closing price of $2.940.  Extending to the intraday high of $2.949 by […]

September NYMEX Natural Gas Futures Contracts Closed at $2.940 on Wednesday, August 15th

By spragueoperati | August 16, 2018 | 0 Comments

Wednesday, August 15th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.952, nearly a penny below Tuesday’s closing price of $2.959.  A momentary jump to the intraday high […]

EIA’s report showed an unexpected build of 6.8 million barrels

By spragueoperati | August 16, 2018 | 0 Comments

Recap: The oil market opened 42 cents lower following Tuesday afternoon’s release of the API report, which showed an unexpected build in crude stocks of 3.7 million barrels.  The market […]

Prices fell as the dollar strengthened and as the financial crisis in Turkey heightened economic concerns

By spragueoperati | August 15, 2018 | 0 Comments

Recap: Oil prices tried to claw their way back from yesterday’s down day, but was held down by a strengthening dollar. Gains in equity markets spilled over into crude oil, […]

September NYMEX Natural Gas Futures Contracts Closed at $2.959 on Tuesday, August 14th

By spragueoperati | August 15, 2018 | 0 Comments

Tuesday, August 14th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.952, two cents above Monday’s closing price of $2.930.  Battling to reclaim Monday’s losses, prices rose to […]

Oil prices fell sharply in early trading on Monday

By spragueoperati | August 14, 2018 | 0 Comments

Recap: Oil prices fell sharply in early trading on Monday after an industry source hinted that U.S. crude oil inventories held at Cushing, OK fell during the week ending 8/3/2018 […]