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January NYMEX Natural Gas Futures Contract Closed at $2.804 on Wednesday, November 29th

By spragueoperati | November 30, 2023 | 0 Comments

Wednesday, November 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.823, a penny below Tuesday’s closing price of $2.837. Recording the intraday high of $2.870 by 9:30AM, […]

The Oil Market Continued to Trend Higher on Wednesday Ahead of the OPEC+ Output Policy Meeting

By spragueoperati | November 30, 2023 | 0 Comments

Recap:  The oil market continued to trend higher on Wednesday ahead of the OPEC+ output policy meeting on Thursday. The market traded sideways in overnight trading before it continued on […]

January NYMEX Natural Gas Futures Contract Closed at $2.837 on Tuesday, November 28th

By spragueoperati | November 29, 2023 | 0 Comments

Tuesday, November 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.732, six cents below Monday’s closing price of $2.794. In a light day of trading, prices rose […]

The Oil Market Was Well Supported By a Weaker Dollar and a Fall in Kazakhstan’s Oil Output

By spragueoperati | November 29, 2023 | 0 Comments

Recap:  The oil market moved higher, while still remaining within last Wednesday’s trading range from $77.97 to $73.79, ahead of the weekly petroleum stock reports later on Tuesday and Wednesday […]

December NYMEX Natural Gas Futures Contract Closed at $2.794 on Monday, November 27th

By spragueoperati | November 28, 2023 | 0 Comments

Monday, November 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.794, six cents below Friday’s closing price of $2.855. Following a four-cent decline during Friday’s session, a […]

The Oil Market on Monday Traded Lower and Remained Within Last Wednesday’s Trading Range

By spragueoperati | November 28, 2023 | 0 Comments

Recap:  The oil market on Monday traded lower and remained within last Wednesday’s trading range as traders awaited this week’s OPEC+ meeting. Last week, the market tumbled when OPEC+ decided […]

The Oil Market Sold Off Sharply on Wednesday After OPEC+ Producers Delayed Their Scheduled Meeting

By spragueoperati | November 27, 2023 | 0 Comments

Recap:  The oil market sold off sharply on Wednesday after OPEC+ producers delayed their scheduled meeting from Sunday until November 30th, signaling disunity among the producer group. While the group […]

December NYMEX Natural Gas Futures Contract Closed at $2.846 on Tuesday, November 21st

By spragueoperati | November 22, 2023 | 0 Comments

Tuesday, November 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.892, a penny above Monday’s closing price of 2.882. Trading gradually higher throughout the morning, weather models […]

The oil market on Tuesday consolidated its trading following back to back gains as traders turned cautious ahead of this week

By spragueoperati | November 22, 2023 | 0 Comments

Recap: The oil market on Tuesday consolidated its trading following back to back gains as traders turned cautious ahead of this week’s EIA crude stocks report and Sunday’s OPEC+ meeting. The […]

December NYMEX Natural Gas Futures Contract Closed at $2.883 on Friday, November 20th

By spragueoperati | November 21, 2023 | 0 Comments

Monday, November 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.888, seven cents below Friday’s closing price of $2.960. Ascending gradually to reach an intraday high of […]