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August NYMEX Natural Gas Futures Contracts Closed at $2.858 on Friday, July 6th

By spragueoperati | July 9, 2018 | 0 Comments

Friday, July 6th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.843, slightly above Thursday’s closing price of $2.837.  Declining initially to slip below $2.835, prices then rose […]

The number of oil rigs increased by 5 to 863

By spragueoperati | July 9, 2018 | 0 Comments

Recap: Oil prices were mixed on Friday, with Brent pressured by global trade tensions and increased Saudi production, while WTI gained support from short covering, after being down almost 2% […]

EIA reported a 1.2 million barrel draw in U.S. crude oil inventories

By spragueoperati | July 6, 2018 | 0 Comments

Recap: Oil prices fell sharply on Tuesday after the EIA reported a 1.2 million barrel draw in U.S. crude oil inventories. This was in stark contrast to Tuesday’s API report, […]

August NYMEX Natural Gas Futures Contracts Closed at $2.837 on Thursday, July 5th

By spragueoperati | July 6, 2018 | 0 Comments

Thursday, July 5th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.877, slightly above Tuesday’s closing price of $2.870, as the NYMEX closed Wednesday in observance of the […]

News of the possibility of production starting ahead of schedule at Syncrude Canada’s oil sands facility sent oil prices tumbling

By spragueoperati | July 5, 2018 | 0 Comments

Recap: Oil prices finished higher on Tuesday, ahead of the U.S. Fourth of July holiday. Trading was volatile, with prices experiencing wide swings. After opening the session slightly above unchanged, […]

August NYMEX Natural Gas Futures Contracts Closed at $2.870 on Tuesday, July 3rd

By spragueoperati | July 5, 2018 | 0 Comments

Tuesday, July 3rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.863, nearly even to Monday’s closing price of $2.862.  Descending to the intraday low of $2.852 minutes […]

Oil prices decreased more than 40% in the first 5 minutes of trading

By spragueoperati | July 3, 2018 | 0 Comments

Recap: Oil prices hopped aboard the roller coaster ride during Monday’s session, dipping more than 40% in the first 5 minutes of trading, with August WTI falling to a session low […]

August NYMEX Natural Gas Futures Contracts Closed at $2.855 on Monday, July 2nd

By spragueoperati | July 3, 2018 | 0 Comments

Monday, July 2nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.879, more than four cents below Friday’s closing price of $2.924.  Stepping gradually lower as markets opened, […]

Baker Hughes reported that the number of oil rigs declined by 4

By spragueoperati | July 2, 2018 | 0 Comments

Recap: WTI traded higher for the fourth straight session on Friday, to finish up 14.1% on the quarter and 22.8% for the first half of the year. August WTI opened the […]

August NYMEX Natural Gas Futures Contracts Closed at $2.924 on Friday, June 29th

By spragueoperati | July 2, 2018 | 0 Comments

Friday, June 29th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.915, more than two cents below Thursday’s closing price of $2.940.  In defiance of the expected above-average […]