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Data Showing That Manufacturing Activity in China Contracted for the Fourth Consecutive Month in January

By spragueoperati | February 1, 2024 | Comments Off on Data Showing That Manufacturing Activity in China Contracted for the Fourth Consecutive Month in January

Recap:  The oil market remained pressured on Wednesday amid some weak economic data from China and an unexpected build in crude stocks. The market posted a high of $78.11 in […]

March NYMEX Natural Gas Futures Contract Closed at $2.077 on Tuesday, January 30th

By spragueoperati | January 31, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.077 on Tuesday, January 30th

Tuesday, January 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.081, three cents above Monday’s closing price of $2.054. Trading along the $2.070 level throughout the morning, […]

The Real Estate Crisis in China Fueled Concerns Over its Oil Demand

By spragueoperati | January 31, 2024 | Comments Off on The Real Estate Crisis in China Fueled Concerns Over its Oil Demand

Recap:  On Tuesday, the oil market traded within its recent trading range after the market sold off early in the session and later retraced its earlier losses. The crude market […]

March NYMEX Natural Gas Futures Contract Closed at $2.054 on Monday, January 29th

By spragueoperati | January 30, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.054 on Monday, January 29th

Monday, January 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.484, twenty-three cents below Friday’s closing price of $2.712. In a light day of trading for the […]

Drone Attack by Iran-Backed Militants on U.S. Troops in Northeastern Jordan

By spragueoperati | January 30, 2024 | Comments Off on Drone Attack by Iran-Backed Militants on U.S. Troops in Northeastern Jordan

Recap: The oil market gapped higher on the opening on Sunday evening from $78.26 to $78.90 after three U.S. service members were killed and about 40 were wounded in a […]

March NYMEX Natural Gas Futures Contract Closed at $2.712 on Friday, January 26th

By spragueoperati | January 29, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.712 on Friday, January 26th

Friday, January 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.537, three cents below Thursday’s closing price of $2.571. In a volatile day of trading, following a […]

Positive U.S. Economic Growth and Economic Stimulus in China

By spragueoperati | January 29, 2024 | Comments Off on Positive U.S. Economic Growth and Economic Stimulus in China

Recap: The oil market on Friday retraced some of its earlier losses in afternoon trading and settled higher for a second consecutive week. Positive U.S. economic growth and economic stimulus […]

February NYMEX Natural Gas Futures Contract Closed at $2.571 on Thursday, January 25th

By spragueoperati | January 26, 2024 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.571 on Thursday, January 25th

Thursday, January 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.754, eleven cents above Wednesday’s closing price of $2.641. With prices threatening the $2.900 level near 7:30AM, […]

Oil Prices Climb Following Significant Inventory Drawdown and Positive Economic Stimulus Signals

By spragueoperati | January 26, 2024 | Comments Off on Oil Prices Climb Following Significant Inventory Drawdown and Positive Economic Stimulus Signals

Recap: The oil market continued to trend higher on Thursday as the market remained well supported following the EIA report on Wednesday showing a larger than expected draw in crude […]

February NYMEX Natural Gas Futures Contract Closed at $2.641 on Wednesday, January 24th

By spragueoperati | January 25, 2024 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.641 on Wednesday, January 24th

Wednesday, January 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.595, fifteen cents above Tuesday’s closing price of $2.450. Per NatGasWeather.com, “the coming 15-day US weather pattern […]