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Reports of a U.N. Draft Resolution Calling For a Ceasefire in Gaza

By spragueoperati | March 22, 2024 | Comments Off on Reports of a U.N. Draft Resolution Calling For a Ceasefire in Gaza

Recap:  The crude market continued to trend lower on Thursday on reports of a U.N. draft resolution calling for a ceasefire in Gaza. The oil market traded higher in overnight […]

April NYMEX Natural Gas Futures Contract Closed at $1.699 on Wednesday, March 20th

By spragueoperati | March 21, 2024 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $1.699 on Wednesday, March 20th

Wednesday, March 20th saw the front-month NYMEX Natural Gas Futures Contract open at $1.736, a penny below Tuesday’s closing price of $1.744. Recording the intraday high of $1.737 within minutes […]

Crude Market Retreats Ahead of Fed Rate Policy Announcement and Contract Expiration

By spragueoperati | March 21, 2024 | Comments Off on Crude Market Retreats Ahead of Fed Rate Policy Announcement and Contract Expiration

Recap:  The crude market on Wednesday erased its recent gains ahead of the April contract’s expiration at the close and as it awaited the Federal Reserve’s interest rate policy announcement. […]

April NYMEX Natural Gas Futures Contract Closed at $1.744 on Tuesday, March 19th

By spragueoperati | March 20, 2024 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $1.744 on Tuesday, March 19th

Tuesday, March 19th saw the front-month NYMEX Natural Gas Futures Contract open at $1.741, four cents above Monday’s closing price of $1.703. Short-term forecasts calling for increased demand and production […]

The Market Remained Well Supported By the Ukrainian Attacks Against Some Russian Refineries

By spragueoperati | March 20, 2024 | Comments Off on The Market Remained Well Supported By the Ukrainian Attacks Against Some Russian Refineries

Recap:  The oil market rallied sharply higher for the second consecutive session on Tuesday as the market remained well supported by the Ukrainian attacks against some major Russian refineries. Ukraine […]

April NYMEX Natural Gas Futures Contract Closed at $1.703 on Monday, March 18th

By spragueoperati | March 19, 2024 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $1.703 on Monday, March 18th

Monday, March 18th saw the front-month NYMEX Natural Gas Futures Contract open at $1.729, seven cents above Friday’s closing price of $1.655. Achieving the intraday high of $1.751 prior to […]

News of Ukraine’s Attacks on Russian Energy Infrastructure

By spragueoperati | March 19, 2024 | Comments Off on News of Ukraine’s Attacks on Russian Energy Infrastructure

Recap:  The oil market continued on its upward trend on Monday following Friday’s inside trading day. The market was well supported by news of Ukraine’s attacks on Russian energy infrastructure, […]

April NYMEX Natural Gas Futures Contract Closed at $1.655 on Friday, March 15th

By spragueoperati | March 18, 2024 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $1.655 on Friday, March 15th

Friday, March 15th saw the front-month NYMEX Natural Gas Futures Contract open at $1.735, slightly below Thursday’s closing price of $1.741. Up early on, analysts attributed this rally to news […]

The Market Was Supported By the IEA’s Oil Demand Growth Forecast and An Unexpected Decline in U.S. Inventories

By spragueoperati | March 18, 2024 | Comments Off on The Market Was Supported By the IEA’s Oil Demand Growth Forecast and An Unexpected Decline in U.S. Inventories

Recap:  The crude market on Friday posted an inside trading day as it retraced some of Thursday’s sharp gains and settled down 0.27% on the day. However, the market, which […]

April NYMEX Natural Gas Futures Contract Closed at $1.741 on Thursday, March 14th

By spragueoperati | March 15, 2024 | Comments Off on April NYMEX Natural Gas Futures Contract Closed at $1.741 on Thursday, March 14th

Thursday, March 14th saw the front-month NYMEX Natural Gas Futures Contract open at $1.658, even with Wednesday’s closing price. Recording the intraday low of $1.645 ahead of 9:10AM, prices rose […]