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April NYMEX Natural Gas Futures Contract Closed at $1.835 on Friday, March 1st

By spragueoperati | March 4, 2024 | 0 Comments

Friday, March 1st saw the front-month NYMEX Natural Gas Futures Contract open at $1.842, two cents below Thursday’s closing price of $1.860. Falling to the intraday low of $1.810 by […]

The Market Awaited an OPEC+ Decision on Supply Agreements for the Second Quarter

By spragueoperati | March 4, 2024 | 0 Comments

Recap:  The oil market rallied higher on Friday and ended the week 4.55% higher as the market awaited an OPEC+ decision on supply agreements for the second quarter. Earlier in […]

April NYMEX Natural Gas Futures Contract Closed at $1.808 on Thursday, February 29th

By spragueoperati | March 1, 2024 | 0 Comments

Thursday, February 29th saw the front-month NYMEX Natural Gas Futures Contract open at $1.856, three cents below Wednesday’s closing price of $1.885. Recording the intraday low of $1.839 within minutes […]

The Market Bounced Higher Ahead of the Release of U.S. Inflation Data for January

By spragueoperati | March 1, 2024 | 0 Comments

Recap:  The oil market posted an inside trading day after it posted the day’s trading range by mid-day. The market posted a low of $77.95 in overnight trading. However, the […]

April NYMEX Natural Gas Futures Contract Closed at $1.808 on Wednesday, February 28th

By spragueoperati | February 29, 2024 | 0 Comments

Wednesday, February 28th saw the front-month NYMEX Natural Gas Futures Contract open at $1.857, five cents above Tuesday’s closing price of $1.808. Supported by short-term cold settling in the Midwest […]

Builds in U.S. Crude Stocks Offset its Gains From a Potential Extension to the OPEC+ Output Cuts

By spragueoperati | February 29, 2024 | 0 Comments

Recap:  The oil market ended the session mostly sideways after posting the day’s trading range by mid-morning as larger than expected builds in U.S. crude stocks offset its gains from […]

April NYMEX Natural Gas Futures Contract Closed at $1.808 on Tuesday, February 27th

By spragueoperati | February 28, 2024 | 0 Comments

Tuesday, February 27th saw the front-month NYMEX Natural Gas Futures Contract open at $1.680, two cents above Monday’s closing price of $1.659.  Trading within a wide range throughout the day, […]

The Market Focused on Uncertainty Over a Potential Gaza Ceasefire and Expectations That OPEC+ Will Extend Voluntary Supply Cuts

By spragueoperati | February 28, 2024 | 0 Comments

Recap:  The crude market on Tuesday traded higher as the market focused on uncertainty over a potential Gaza ceasefire and expectations that OPEC+ will extend voluntary supply cuts in March. […]

March NYMEX Natural Gas Futures Contract Closed at $1.659 on Monday, February 26th

By spragueoperati | February 27, 2024 | 0 Comments

Monday, February 26th saw the front-month NYMEX Natural Gas Futures Contract open at $1.709, ten cents above Friday’s closing price of $1.603. Supported by last week’s news of a drop […]

The Oil Market on Monday Rallied Higher as Houthi Rebel Attacks Increased Concerns of Disruptions to Supply

By spragueoperati | February 27, 2024 | 0 Comments

Recap:  The oil market on Monday rallied higher as Houthi rebel attacks increased concerns of disruptions to supply. The U.S. Central Command said Houthi rebels in Yemen narrowly missed hitting […]