Search Results

The Market Continued to Trend Higher on News of a Missile Attack on a Cargo Ship

By spragueoperati | February 23, 2024 | Comments Off on The Market Continued to Trend Higher on News of a Missile Attack on a Cargo Ship

Recap:  The oil market rallied higher on Thursday on continued tensions in the Middle East. In overnight trading, the market continued to trend higher on news of a missile attack […]

March NYMEX Natural Gas Futures Contract Closed at $1.773 on Wednesday, February 21st

By spragueoperati | February 22, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.773 on Wednesday, February 21st

Wednesday, February 21st saw the front-month NYMEX Natural Gas Futures Contract open at $1.770, nineteen cents above Tuesday’s closing price of $1.576. A major natural gas producer announced a planned […]

The Crude Market Rallied Higher Ahead of the Release of the Federal Reserve’s Last Meeting in February

By spragueoperati | February 22, 2024 | Comments Off on The Crude Market Rallied Higher Ahead of the Release of the Federal Reserve’s Last Meeting in February

Recap:  The oil market traded higher as the market remained well supported by the continuing geopolitical tensions in the Middle East. The market traded lower in overnight trading, posting a […]

March NYMEX Natural Gas Futures Contract Closed at $1.576 on Tuesday, February 20th

By spragueoperati | February 21, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.576 on Tuesday, February 20th

Tuesday, February 20th saw the front-month NYMEX Natural Gas Futures Contract open at $1.584, roughly two cents below Friday’s closing price of $1.609. Knocked down over the long weekend due […]

The Market Weighed an Uncertain Outlook For Global Demand Against the Risk Premium From the Continuing Israeli-Hamas Conflict

By spragueoperati | February 21, 2024 | Comments Off on The Market Weighed an Uncertain Outlook For Global Demand Against the Risk Premium From the Continuing Israeli-Hamas Conflict

Recap:  The March WTI contract posted an outside trading day on Tuesday morning, ahead of its expiration at the close, as the market weighed an uncertain outlook for global demand […]

March NYMEX Natural Gas Futures Contract Closed at $1.609 on Friday, February 16th

By spragueoperati | February 20, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.609 on Friday, February 16th

Friday, February 16th saw the front-month NYMEX Natural Gas Futures Contract open at $1.608, four cents below Thursday’s closing price of $1.581. Recording the intraday low of $1.590 within minutes […]

The Oil Market on Friday Continued on its Upward Trend as Geopolitical Tensions in the Middle East Outweighed the IEA’s Forecast

By spragueoperati | February 20, 2024 | Comments Off on The Oil Market on Friday Continued on its Upward Trend as Geopolitical Tensions in the Middle East Outweighed the IEA’s Forecast

Recap: The oil market on Friday continued on its upward trend as geopolitical tensions in the Middle East outweighed the IEA’s forecast released on Thursday showing slowing demand. Gaza’s largest […]

March NYMEX Natural Gas Futures Contract Closed at $1.581 on Thursday, February 15th

By spragueoperati | February 16, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.581 on Thursday, February 15th

Thursday, February 15th saw the front-month NYMEX Natural Gas Futures Contract open at $1.667, four cents below Wednesday’s closing price of $1.609. Marking the intraday high as markets opened, prices […]

The Oil Market Rebounded From its Earlier Losses and Ended the Session Higher on the Back of a Weaker Dollar

By spragueoperati | February 16, 2024 | Comments Off on The Oil Market Rebounded From its Earlier Losses and Ended the Session Higher on the Back of a Weaker Dollar

Recap:  On Thursday, the oil market rebounded from earlier losses and ended the session higher on the back of a weak dollar. The market traded lower in overnight trading as […]

March NYMEX Natural Gas Futures Contract Closed at $1.610 on Wednesday, February 14th

By spragueoperati | February 15, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.610 on Wednesday, February 14th

Wednesday, February 14th saw the front-month NYMEX Natural Gas Futures Contract open at $1.646, four cents below Tuesday’s closing price of $1.689. Receiving no love from market fundamentals, the contract […]