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The oil market continued to retrace last week’s losses on Monday

By spragueoperati | November 21, 2023 | 0 Comments

Recap: The oil market continued to retrace last week’s losses on Monday as the market looked ahead to this weekend’s OPEC meeting scheduled for November 26th. The market traded higher in […]

December NYMEX Natural Gas Futures Contract Closed at $2.960 on Friday, November 17th

By spragueoperati | November 20, 2023 | 0 Comments

Friday, November 17th saw the front-month NYMEX Natural Gas Futures Contract open at $3.002, six cents below Thursday’s closing price of $3.062. Recording the intraday high of $3.004 out of […]

The Market Fell Almost 5% to a Four Month Low on Concerns Over Demand

By spragueoperati | November 20, 2023 | 0 Comments

Recap:  The oil market posted an inside trading day on Friday and settled higher but still posted its fourth consecutive week of losses. The market retraced some of its sharp […]

December NYMEX Natural Gas Futures Contract Closed at $3.062 on Thursday, November 16th

By spragueoperati | November 17, 2023 | 0 Comments

Thursday, November 16th saw the front-month NYMEX Natural Gas Futures Contract open at $3.188, nearly even to Wednesday’s closing price of $3.190. Recording the intraday high of $3.195 minutes after […]

Concerns Over Demand in Light of Some Weak Economic Data

By spragueoperati | November 17, 2023 | 0 Comments

Recap:  The oil market on Thursday sold off sharply to its lowest level in four months amid concerns over demand in light of some weak economic data. The oil market, […]

December NYMEX Natural Gas Futures Contract Closed at $3.190 on Wednesday, November 15th

By spragueoperati | November 16, 2023 | 0 Comments

Wednesday, November 15th saw the front-month NYMEX Natural Gas Futures Contract open at $3.184, eight cents above Tuesday’s closing price of $3.106. Fluctuating along $3.180 early on and falling to […]

The Oil Market on Wednesday Erased Some of its Recent Gains Following the Larger Than Expected Builds in U.S. Crude Stocks

By spragueoperati | November 16, 2023 | 0 Comments

Recap:  The oil market on Wednesday erased some of its recent gains following the larger than expected builds in U.S. crude stocks. The oil market traded to a high of […]

December NYMEX Natural Gas Futures Contract Closed at $3.106 on Tuesday, November 14th

By spragueoperati | November 15, 2023 | 0 Comments

Tuesday, November 14th saw the front-month NYMEX Natural Gas Futures Contract open at $3.151, nearly five cents below Monday’s closing price of $3.197. Moving gradually higher to peak at an […]

The U.S. Dollar Fell on Data Showing Inflation Was Slowing

By spragueoperati | November 15, 2023 | 0 Comments

Recap:  The crude market continued on its upward trend on Tuesday, retracing more of last week’s sharp losses after the IEA increased its demand growth forecasts and the U.S. dollar […]

December NYMEX Natural Gas Futures Contract Closed at $3.197 on Monday, November 13th

By spragueoperati | November 14, 2023 | 0 Comments

Monday, November 13th saw the front-month NYMEX Natural Gas Futures Contract open at $3.156, twelve cents above Friday’s closing price of $3.033. Continuing the pre-session rally, prices rose to $3.193 […]