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The Oil Market on Monday Erased Some of its Earlier Gains on Reports that the U.S. and Venezuela Could Soon Reach a Deal to Ease Sanctions on Venezuela

By spragueoperati | October 17, 2023 | 0 Comments

Recap:  The oil market on Monday erased some of its earlier gains on reports that the U.S. and Venezuela could soon reach a deal to ease sanctions on Venezuela if […]

November NYMEX Natural Gas Futures Contract Closed at $3.236 on Friday, October 13th

By spragueoperati | October 16, 2023 | 0 Comments

Friday, October 13th saw the front-month NYMEX Natural Gas Futures Contract open at $3.274, seven cents below Thursday’s closing price of $3.344. Jumping to the intraday high of $3.302 by […]

The Oil Market Rallied Over 5%, Breaking a Three Day Losing Streak on Fears that the Conflict in Israel and Gaza Could Spill Over

By spragueoperati | October 16, 2023 | 0 Comments

Recap:  On Friday, the oil market rallied over 5%, breaking a three day losing streak, on fears that the conflict in Israel and Gaza could spill over into the wider […]

The Market Remained Pressured in Overnight Trading Following the Unexpected Build in Crude Stocks of Over 12 Million Barrels

By spragueoperati | October 13, 2023 | 0 Comments

Recap: The crude market on Thursday sold off on large builds reported in the weekly petroleum stocks reports. The market remained pressured in overnight trading following the unexpected build in […]

Fears of a Disruption to Supplies Amid the Conflict in the Middle East Receded After Saudi Arabia Pledged to Help Stabilize the Market

By spragueoperati | October 12, 2023 | 0 Comments

Recap:   The oil market on Tuesday sold off as fears of a disruption to supplies amid the conflict in the Middle East receded after Saudi Arabia pledged to help stabilize […]

The Oil Market Posted an Inside Trading Day as it Took a Breather Following Monday’s Volatility

By spragueoperati | October 11, 2023 | 0 Comments

Recap: The oil market posted an inside trading day as it took a breather following Monday’s volatility but remained cautious amid the military clashes between Israel and the Palestinian Islamist […]

The Oil Market Rallied Higher on Monday After Military Clashes Between Israel and the Palestinian Islamist Group Hamas Prompted Fears of Instability in the Middle East

By spragueoperati | October 10, 2023 | 0 Comments

Recap: The oil market rallied higher on Monday after military clashes between Israel and the Palestinian Islamist group Hamas prompted fears of instability in the Middle East. The market retraced […]

November NYMEX Natural Gas Futures Contract Closed at $3.338 on Friday, October 6th

By spragueoperati | October 9, 2023 | 0 Comments

The Sprague Natural Gas MarketWatch will be on hiatus for the rest of this week, returning Monday October 16th. Friday, October 6th saw the front-month NYMEX Natural Gas Futures Contract […]

The Market Was Pressured Early in the Session Following Another Partial Lifting of Russia’s Fuel Export Ban

By spragueoperati | October 9, 2023 | 0 Comments

Recap: The oil market ended the session in positive territory but ended the week down 8.81%, the largest weekly decline since the week ending March 17th. The market was pressured […]

November NYMEX Natural Gas Futures Contract Closed at $3.166 on Thursday, October 5th

By spragueoperati | October 6, 2023 | 0 Comments

Thursday, October 5th saw the front-month NYMEX Natural Gas Futures Contract open at $3.026, six cents above Wednesday’s closing price of $2.962. Marking the intraday low of $3.020 shortly after […]