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July NYMEX Natural Gas Futures Contracts Closed at $2.963 on Wednesday, June 13th

By spragueoperati | June 14, 2018 | 0 Comments

Wednesday, June 13th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.960, two cents above Tuesday’s closing price of $2.939.  Climbing to the $2.97 level near 9:30AM, yesterday’s […]

OPEC’s monthly report revealed higher production from its members

By spragueoperati | June 13, 2018 | 0 Comments

Recap: Oil prices traded below unchanged in predawn trading, reversing overnight gains. However, losses were short lived, with July WTI reverting back to the upside. After bottoming the session at […]

July NYMEX Natural Gas Futures Contracts Closed at $2.939 on Tuesday, June 12th

By spragueoperati | June 13, 2018 | 0 Comments

Tuesday, June 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.972, roughly two cents above Monday’s closing price of $2.949.  Despite expectations for above-average temperatures to cover […]

Traders reacted to the rising production out of Saudi Arabia and Russia

By spragueoperati | June 12, 2018 | 0 Comments

Recap: The oil market posted an outside trading day as it moved between gains and losses on production uncertainty ahead of OPEC’s upcoming meeting on June 22nd.  The market opened 18 […]

July NYMEX Natural Gas Futures Contracts Closed at $2.949 on Monday, June 11th

By spragueoperati | June 12, 2018 | 0 Comments

Monday, June 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.953, six cents above Friday’s closing price of $2.890.  Tallying the intraday high of $2.966 within minutes […]

Oil prices reversed early gains on Friday

By spragueoperati | June 11, 2018 | 0 Comments

Recap: Oil prices reversed early gains on Friday after JPMorgan lowered its 2018 price forecast by $3 to $62.20 a barrel. This combined with sluggish Chinese demand and increasing U.S. output […]

July NYMEX Natural Gas Futures Contracts Closed at $2.885 on Friday, June 8th

By spragueoperati | June 11, 2018 | 0 Comments

Friday, June 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.888, four cents below Thursday’s closing price of $2.930.  Falling to the intraday low of $2.875 soon […]

Prices rose due to increasing concern over falling Venezuelan exports

By spragueoperati | June 8, 2018 | 0 Comments

Recap: WTI rose from its lowest level in a month, shrugging off Wednesday’s EIA report, which reflected a 2.07 build in U.S. crude oil inventories. Prices rose on increasing concern over […]

EIA reported a build of 2.1 million barrels in US crude oil inventories

By spragueoperati | June 7, 2018 | 0 Comments

Recap: Oil prices traded higher on the initial opening, gaining support on reports that Venezuela may default on some of its contracted crude oil exports. The higher move was short lived, […]

July NYMEX Natural Gas Futures Contracts Closed at $2.896 on Wednesday, June 6th

By spragueoperati | June 7, 2018 | 0 Comments

Wednesday, June 6th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.884, slightly below Tuesday’s closing price of $2.890.  Ascending to the intraday high of $2.907 by 9:20AM, […]