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The Oil Market Posted an Inside Trading Day and Ended the Session in Negative Territory, Ending a Nine-Day Streak of Gains

By spragueoperati | September 8, 2023 | 0 Comments

Recap:  The oil market posted an inside trading day and ended the session in negative territory, ending a nine-day streak of gains. The market traded lower on profit-taking. The crude […]

October NYMEX Natural Gas Futures Contract Closed at $2.510 on Wednesday, September 6th

By spragueoperati | September 7, 2023 | 0 Comments

Wednesday, September 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.542, four cents below Monday’s closing price of $2.582. Achieving the intraday high and low of the […]

The Crude Market Traded Higher in Follow Through Strength Seen on Tuesday

By spragueoperati | September 7, 2023 | 0 Comments

Recap:   On Wednesday, the crude market traded higher in follow through strength seen on Tuesday in light of the Saudi and Russian decision to extend their output cuts until the […]

October NYMEX Natural Gas Futures Contract Closed at $2.582 on Tuesday, September 5th

By spragueoperati | September 6, 2023 | 0 Comments

Tuesday, September 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.603, sixteen cents below Friday’s closing price of $2.765. Knocked down over the long weekend, by forecasts […]

Saudi Arabia and Russia Extended Their Voluntary Supply Cuts by Three Months to the End of the Year

By spragueoperati | September 6, 2023 | 0 Comments

Recap:  The oil market rallied higher on Tuesday after Saudi Arabia and Russia extended their voluntary supply cuts by three months to the end of the year. The market traded […]

October NYMEX Natural Gas Futures Contract Closed at $2.765 on Friday, September 1st

By spragueoperati | September 5, 2023 | 0 Comments

Friday, September 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.819, five cents above Thursday’s closing price of $2.768. Climbing steadily early on to record an intraday […]

Economic Indicators Continued to Surprise Market Participants by the Resiliency of the U.S. Economy

By spragueoperati | September 5, 2023 | 0 Comments

Recap: The oil markets basically kept moving higher again on Friday, as economic indicators continued to surprise market participants by the resiliency of the U.S. economy. In addition growing market […]

October NYMEX Natural Gas Futures Contract Closed at $2.768 on Thursday, August 31st

By spragueoperati | September 1, 2023 | 0 Comments

Thursday, August 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.793, nearly even to Wednesday’s closing price of $2.796. Losing ground to trade along $2.750 heading into […]

Potential Russian Agreement with OPEC+ to Extend Current Production Cuts into October

By spragueoperati | September 1, 2023 | 0 Comments

Recap: The NYMEX October WTI contract continued to surge higher today, settling up for the seventh consecutive trading session and recording its highest settlement since August 9th as it settled […]

October NYMEX Natural Gas Futures Contract Closed at $2.796 on Wednesday, August 30th

By spragueoperati | August 31, 2023 | 0 Comments

Wednesday, August 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.650, a penny below Tuesday’s closing price of $2.662. Following a brief dip to the intraday low […]