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March NYMEX Natural Gas Futures Contracts Closed at $2.587 on Wednesday, February 14th

By spragueoperati | February 15, 2018 | 0 Comments

Wednesday, February 14th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.562, three cents below Tuesday’s closing price of $2.594.  Recovering to the $2.60 level soon after markets […]

EIA report indicated U.S. crude oil stocks had increased less than expected

By spragueoperati | February 15, 2018 | 0 Comments

Recap: What started out to look like another down day for oil prices, was quickly reversed after the EIA report indicated U.S. crude oil stocks had increased less than expected […]

March NYMEX Natural Gas Futures Contracts Closed at $2.594 on Tuesday, February 13th

By spragueoperati | February 14, 2018 | 0 Comments

Tuesday, February 13th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.611, six cents above Monday’s closing price of $2.552.  With little to no support from market fundamentals, […]

IEA raised its forecast for non-OPEC production, which put pressure on oil prices early in the session

By spragueoperati | February 14, 2018 | 0 Comments

Recap: Citing ever mounting U.S. shale production, the IEA raised its forecast for non-OPEC production, which in turn put pressure on oil prices early in the session. March WTI fell […]

March NYMEX Natural Gas Futures Contracts Closed at $2.552 on Monday, February 12th

By spragueoperati | February 13, 2018 | 0 Comments

Monday, February 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.550, three cents below Friday’s closing price of $2.584.  Continuing last week’s downward trend in pre-market trading, […]

Oil prices rebounded along with global equities

By spragueoperati | February 13, 2018 | 0 Comments

Recap: Oil prices rebounded along with global equities, which, last week, experienced their largest decline in two years. The rebound came as the dollar weakened and after OPEC raised its oil […]

March NYMEX Natural Gas Futures Contracts Closed at $2.584 on Friday, February 9th

By spragueoperati | February 12, 2018 | 0 Comments

Friday, February 9th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.645, five cents below Thursday’s closing price of $2.697.  With forecasts calling for above-average temperatures to settle […]

Ramped up operations on the North Sea pipeline and a jump in the US oil rig count have further fueled the recent freefall in oil prices

By spragueoperati | February 12, 2018 | 0 Comments

Recap:  Oil prices fell to their lowest level since December, with March WTI falling as much as 5% on the day, reaching a low of $58.07, and April Brent slipping […]

March NYMEX Natural Gas Futures Contracts Closed at $2.697 on Thursday, February 8th

By spragueoperati | February 9, 2018 | 0 Comments

Thursday, February 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.726, two cents above Wednesday’s closing price of $2.702.  Managing a modest ascent to the $2.74 mark […]

Rising U.S. production continued to pressure oil prices

By spragueoperati | February 9, 2018 | 0 Comments

Recap: Rising U.S. production continued to pressure oil prices, pushing both blends to their lowest level in six weeks and their fifth straight session of losses. After a brief stint above […]