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The Oil Market on Thursday Sold Off in Overnight Trading but Bounced Higher on News of a Russian Ban on Fuel Exports

By spragueoperati | September 22, 2023 | 0 Comments

Recap:  The oil market on Thursday sold off in overnight trading but bounced higher on news of a Russian ban on fuel exports. The November WTI contract on its first […]

October NYMEX Natural Gas Futures Contract Closed at $2.733 on Wednesday, September 20th

By spragueoperati | September 21, 2023 | 0 Comments

Wednesday, September 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.753, nearly ten cents below Tuesday’s closing price of $2.848. Following a drop to the intraday low […]

The Oil Market Retraced Some of its Recent Gains on Wednesday Ahead of the October Contract’s Expiration

By spragueoperati | September 21, 2023 | 0 Comments

Recap:  The oil market retraced some of its recent gains on Wednesday ahead of the October contract’s expiration at the close. The market opened 35 cents higher at $91.55 and […]

October NYMEX Natural Gas Futures Contract Closed at $2.848 on Tuesday, September 19th

By spragueoperati | September 20, 2023 | 0 Comments

Tuesday, September 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.790, six cents above Monday’s closing price of $2.728. Dipping to an intraday low of $2.754 at […]

The Oil Market Continued on its Upward Trend and Posted a 10-Month High Early in the Day on Supply Concerns

By spragueoperati | September 20, 2023 | 0 Comments

Recap:   The oil market continued on its upward trend and posted a 10-month high early in the day on supply concerns and weakness in the dollar. However a rebound in […]

October NYMEX Natural Gas Futures Contract Closed at $2.728 on Monday, September 18th

By spragueoperati | September 19, 2023 | 0 Comments

Monday, September 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.684, four cents above Friday’s closing price of $2.644. Slipping to the intraday low of $2.630 at […]

Traders Remained Focused on the Prospect of Increasing Supply Deficit in the Fourth Quarter

By spragueoperati | September 19, 2023 | 0 Comments

Recap:  The oil market rallied higher as traders remained focused on the prospect of increasing supply deficit in the fourth quarter amid the voluntary extension of supply cuts by Saudi […]

October NYMEX Natural Gas Futures Contract Closed at $2.644 on Friday, September 15th

By spragueoperati | September 18, 2023 | 0 Comments

Friday, September 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.675, three cents below Thursday’s closing price of $2.708. Climbing early on to achieve an intraday high […]

Supply Tightness Following the Saudi Arabian Production Cuts and Optimism Regarding Chinese Demand Lifted Oil Prices

By spragueoperati | September 18, 2023 | 0 Comments

Recap:  The oil market on Friday rallied higher and posted a gain for the third consecutive week as supply tightness following the Saudi Arabian production cuts and optimism regarding Chinese […]

October NYMEX Natural Gas Futures Contract Closed at $2.708 on Thursday, September 14th

By spragueoperati | September 15, 2023 | 0 Comments

Thursday, September 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.782, ten cents above Wednesday’s closing price of $2.680. Trading within four cents of the $2.760 level […]