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There was a surprise 5.9 million barrel build in US crude oil inventories

By spragueoperati | June 21, 2018 | 0 Comments

Recap: It was another wild ride for crude oil prices, as they reacted to an array of factors, among which were the surprise 5.9 million barrel build in U.S. crude oil […]

July NYMEX Natural Gas Futures Contracts Closed at $2.900 on Tuesday, June 19th

By spragueoperati | June 20, 2018 | 0 Comments

Tuesday, June 19th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.913, four cents below Monday’s closing price of $2.951.  Giving up additional losses as bearish weather is […]

Oil prices settled down as OPEC and non-OPEC members discuss increasing output

By spragueoperati | June 20, 2018 | 0 Comments

Recap:  Oil prices opened the session trading at unchanged to slightly higher; however, the inability to break above Monday’s high sparked light technical selling, which became exacerbated by trade tensions […]

July NYMEX Natural Gas Futures Contracts Closed at $2.951 on Monday, June 18th

By spragueoperati | June 19, 2018 | 0 Comments

Monday, June 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.997, two cents below Friday’s closing price of $3.022.  Fighting downward pressure to reach the intraday high […]

Oil prices dropped as traders weigh in on tariffs on U.S. products by China

By spragueoperati | June 19, 2018 | 0 Comments

Recap:  Trading was volatile on Monday, with oil prices slipping early in the session. July WTI fell as much as 2.3%, to a session low of $63.59 a barrel, while […]

July NYMEX Natural Gas Futures Contracts Closed at $3.022 on Friday, June 15th

By spragueoperati | June 18, 2018 | 0 Comments

Friday, June 15th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.000, nearly four cents above Thursday’s closing price of $2.965.  Pushed higher overnight due to short-term above […]

Oil prices fell for fourth straight week

By spragueoperati | June 18, 2018 | 0 Comments

Recap:  Oil prices slipped for the fourth straight week, after reaching 3-1/2 year highs in May. Both Brent and WTI opened the session trading above unchanged, but the lack of […]

US production reached a weekly record of 10.9 million barrels per day

By spragueoperati | June 15, 2018 | 0 Comments

Recap: Oil prices were mixed on Thursday, with Brent being weighed down by the prospect key OPEC members and nonmembers would agree to boost output at the upcoming June 22 meeting, […]

July NYMEX Natural Gas Futures Contracts Closed at $2.965 on Thursday, June 14th

By spragueoperati | June 15, 2018 | 0 Comments

Thursday, June 14th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.957, slightly below Wednesday’s closing price of $2.963.  Trending upward as trading opened, prices rose gradually to […]

The EIA report showed a 4.1 million draw in US crude oil inventories

By spragueoperati | June 14, 2018 | 0 Comments

Recap: Oil prices were mixed right out of the gate, with Brent posting early gains, while WTI remained below unchanged. This scenario lasted up until the release of the EIA report, […]