Search Results

The Crude Market Remained Pressured as an Uncertain Demand Outlook Overshadowed an OPEC+ Decision to Maintain its Output Cuts

By spragueoperati | October 6, 2023 | 0 Comments

Recap: The oil market on Thursday continued on its downward spiral, posting a 7.8% decline over the past two trading sessions, the largest two-day decline since May 3rd. Crude is […]

November NYMEX Natural Gas Futures Contract Closed at $2.962 on Wednesday, October 4th

By spragueoperati | October 5, 2023 | 0 Comments

Wednesday, October 4th saw the front-month NYMEX Natural Gas Futures Contract open at $3.008, six cents above Tuesday’s closing price of $2.949. Finding support early prices rose to record an […]

The oil market sold off more than $5 on Wednesday

By spragueoperati | October 5, 2023 | 0 Comments

Recap: The oil market sold off more than $5 on Wednesday as demand fears offset the pledges by Saudi Arabia and Russia to continue cutting output until the end of […]

November NYMEX Natural Gas Futures Contract Closed at $2.949 on Tuesday, October 3rd

By spragueoperati | October 4, 2023 | 0 Comments

Tuesday, October 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.893, five cents above Monday’s closing price of $2.840. Recording an intraday low of $2.878 within minutes […]

Traders Weighed on Some Bearish Economic News and Tightening Supply

By spragueoperati | October 4, 2023 | 0 Comments

Recap:   The oil market retraced some of its losses after falling to a three week low earlier in the session despite the strength in the U.S. dollar. Traders weighed some […]

November NYMEX Natural Gas Futures Contract Closed at $2.840 on Monday, October 2nd

By spragueoperati | October 3, 2023 | 0 Comments

Monday, October 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.903, three cents below Friday’s closing price of $2.929. Seeking direction in a four-cent range early on, […]

The Oil Market on Monday Sold Off After a Monthly ISM Report Showed that the U.S. Manufacturing Sector Fell for the 11th Consecutive Month

By spragueoperati | October 3, 2023 | 0 Comments

Recap:  The oil market on Monday sold off after a monthly ISM report showed that the U.S. manufacturing sector fell for the 11th consecutive month in September. The market, which […]

November NYMEX Natural Gas Futures Contract Closed at $2.929 on Friday, September 29th

By spragueoperati | October 2, 2023 | 0 Comments

Friday, September 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.882, six cents below Thursday’s closing price of $2.945. Recording the intraday low of $2.855 by 9:15AM, […]

Further Profit Taking Following Thursday’s Rally That Pushed the Market Over the $95 Level

By spragueoperati | October 2, 2023 | 0 Comments

Recap:  The oil market on Friday sold off on some further profit taking following Thursday’s rally that pushed the market over the $95 level before it retraced some of its […]

November NYMEX Natural Gas Futures Contract Closed at $2.945 on Thursday, September 28th

By spragueoperati | September 29, 2023 | 0 Comments

Thursday, September 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.930, three cents above Wednesday’s closing price of $2.899. Posting a cautious ascent to the $2.960 level […]