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Increasing U.S. Inventories Weighed on Market Sentiment

By spragueoperati | February 15, 2024 | Comments Off on Increasing U.S. Inventories Weighed on Market Sentiment

Recap:  The oil market posted an inside trading day on Wednesday as it held on to Tuesday's gains on a strong demand growth forecast from OPEC and later sold off […]

March NYMEX Natural Gas Futures Contract Closed at $1.689 on Tuesday, February 13th

By spragueoperati | February 14, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.689 on Tuesday, February 13th

Tuesday, February 13th saw the front-month NYMEX Natural Gas Futures Contract open at $1.742, nearly three cents below Monday’s closing price of $1.768. Once again recording the intraday high, $1.743, […]

The Oil Market Continued to Trend Higher Amid the Continuing Conflict in the Middle East

By spragueoperati | February 14, 2024 | Comments Off on The Oil Market Continued to Trend Higher Amid the Continuing Conflict in the Middle East

Recap:  The oil market continued to trend higher amid the continuing conflict in the Middle East. The market was further supported as OPEC stuck to its forecast for relatively strong […]

March NYMEX Natural Gas Futures Contract Closed at $1.768 on Monday, February 12th

By spragueoperati | February 13, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.768 on Monday, February 12th

Monday, February 12th saw the front-month NYMEX Natural Gas Futures Contract open at $1.829, two cents below Friday’s closing price of $1.847. Achieving an intraday high of $1.863 by 10:00AM, […]

The Crude Market Ended Slightly Higher After Traders Took Some Profits Following Last Week’s Rally

By spragueoperati | February 13, 2024 | Comments Off on The Crude Market Ended Slightly Higher After Traders Took Some Profits Following Last Week’s Rally

Recap:  The crude market ended slightly higher after traders took some profits following last week’s rally. The oil market erased some of its previous gains amid the news that the […]

March NYMEX Natural Gas Futures Contract Closed at $1.847 on Friday, February 9th

By spragueoperati | February 12, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.847 on Friday, February 9th

Friday, February 9th saw the front-month NYMEX Natural Gas Futures Contract open at $1.871, nearly five cents below Thursday’s closing price of $1.917. Posting a meager ascent to tally the […]

The Oil Market Continued to Trend Higher on Friday For the Fifth Consecutive Session and Settled Up 6%

By spragueoperati | February 12, 2024 | Comments Off on The Oil Market Continued to Trend Higher on Friday For the Fifth Consecutive Session and Settled Up 6%

Recap:  The oil market continued to trend higher on Friday for the fifth consecutive session and settled up 6% on the week amid the concerns over broadening tensions in the […]

March NYMEX Natural Gas Futures Contract Closed at $1.917 on Thursday, February 8th

By spragueoperati | February 9, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.917 on Thursday, February 8th

Thursday, February 8th saw the front-month NYMEX Natural Gas Futures Contract open at $1.942, two cents below Wednesday’s closing price of $1.967. Trading along the $1.940 level heading into the […]

The Market Believes That the Ceasefire Rejection Ensures Hostilities in the Red Sea Will Continue

By spragueoperati | February 9, 2024 | Comments Off on The Market Believes That the Ceasefire Rejection Ensures Hostilities in the Red Sea Will Continue

Recap:  The oil market remained well support and rallied over 2.8% on Thursday amid the news of Israel’s rejection of a ceasefire offer from Hamas. On Wednesday, Israel’s Prime Minister […]

March NYMEX Natural Gas Futures Contract Closed at $1.967 on Wednesday, February 7th

By spragueoperati | February 8, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.967 on Wednesday, February 7th

Wednesday, February 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.039, three cents above Tuesday’s closing price of $2.009. Once again recording the intraday high within minutes […]