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The Market Remained Supported Upon the Release of the Inventory Report

By spragueoperati | February 8, 2024 | Comments Off on The Market Remained Supported Upon the Release of the Inventory Report

Recap:  The crude market posted a high of $74.22 in early morning trading before it erased some of its gains ahead of the release of the EIA’s weekly petroleum stocks […]

March NYMEX Natural Gas Futures Contract Closed at $2.009 on Tuesday, February 6th

By spragueoperati | February 7, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.009 on Tuesday, February 6th

Tuesday, February 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.052, three cents below Monday’s closing price of $2.082. Recording the intraday high of $2.053 within minutes […]

The Market Awaited the Result of U.S. Secretary of State Antony Blinken’s Efforts to De-Escalate the Situation in the Middle East

By spragueoperati | February 7, 2024 | Comments Off on The Market Awaited the Result of U.S. Secretary of State Antony Blinken’s Efforts to De-Escalate the Situation in the Middle East

Recap:  On Tuesday, the oil market maintained an upward momentum as the market awaited the result of U.S. Secretary of State Antony Blinken’s efforts to de-escalate the situation in the […]

March NYMEX Natural Gas Futures Contract Closed at $2.082 on Monday, February 5th

By spragueoperati | February 6, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.082 on Monday, February 5th

Monday, February 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.058, two cents below Friday’s closing price of $2.079. Recording the intraday low of $2.051 within minutes […]

The Oil Market Retraced Some Early Losses as it Weighed News Against Concerns Over the Tension in the Middle East

By spragueoperati | February 6, 2024 | Comments Off on The Oil Market Retraced Some Early Losses as it Weighed News Against Concerns Over the Tension in the Middle East

Recap:  The oil market retraced some early losses as it weighed economic news against concerns over the tension in the Middle East. The market traded lower in overnight trading after […]

March NYMEX Natural Gas Futures Contract Closed at $2.079 on Friday, February 2nd

By spragueoperati | February 5, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.079 on Friday, February 2nd

Friday, February 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.047, nearly even to Thursday’s closing price of $2.050. Recording the intraday low at the opening bell […]

Strong U.S. Jobs Data Diminished the Odds of Interest Rate Cuts in the Short Term

By spragueoperati | February 5, 2024 | Comments Off on Strong U.S. Jobs Data Diminished the Odds of Interest Rate Cuts in the Short Term

Recap:  The oil market extended its losses to over 2.7% on Friday morning as it traded as strong U.S. jobs data diminished the odds of interest rate cuts in the […]

March NYMEX Natural Gas Futures Contract Closed at $2.050 on Thursday, February 1st

By spragueoperati | February 2, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.050 on Thursday, February 1st

Thursday, February 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.098, nearly even to Wednesday’s closing price of $2.100. Trading gradually upward until tallying the intraday high […]

The Federal Reserve Said it Would Not Race to Cut Interest Rates on Wednesday

By spragueoperati | February 2, 2024 | Comments Off on The Federal Reserve Said it Would Not Race to Cut Interest Rates on Wednesday

Recap:  The oil market on Thursday sold off sharply early in the afternoon on speculation that Israel agreed to a Gaza ceasefire proposal. Instead, a Qatar official said that Hamas […]

March NYMEX Natural Gas Futures Contract Closed at $2.100 on Wednesday, January 31st

By spragueoperati | February 1, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.100 on Wednesday, January 31st

Wednesday, January 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.130, six cents above Tuesday’s closing price of $2.077. Trading along $2.110 through 10:00AM, prices fell to […]