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Trading on Wednesday Appeared to Narrow the Spread Between Brent and WTI

By spragueoperati | July 6, 2023 | 0 Comments

Recap:   On Wednesday, the oil market posted an outside trading day as the market weighed the supply cuts announced earlier this week by Saudi Arabia and Russia against the concerns […]

August NYMEX Natural Gas Futures Contract Closed at $2.798 on Friday, June 30th

By spragueoperati | July 5, 2023 | 0 Comments

Friday, June 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.668, slightly below Thursday’s closing price of $2.701. Slipping to the intraday low of $2.659 ahead of […]

The Oil Market Erased its Gains and Sold Off Ahead of the Fourth of July Holiday

By spragueoperati | July 5, 2023 | 0 Comments

Recap: On Monday, the oil market erased its early gains and sold off ahead of the Fourth of July holiday on Tuesday. Early in the morning, the market rallied to […]

August NYMEX Natural Gas Futures Contract Closed at $2.798 on Friday, June 30th

By spragueoperati | July 3, 2023 | 0 Comments

Friday, June 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.668, slightly below Thursday’s closing price of $2.701. Slipping to the intraday low of $2.659 ahead of […]

The Third Consecutive Higher Daily Settlement as the Financial Markets Found Support by Signs that Inflation Was Slowing

By spragueoperati | July 3, 2023 | 0 Comments

Recap: The oil market settled higher Friday, posting the third consecutive higher daily settlement as the financial markets found support by signs that inflation was slowing. But despite the gains, […]

August NYMEX Natural Gas Futures Contract Closed at $2.701 on Thursday, June 29th

By spragueoperati | June 30, 2023 | 0 Comments

Thursday, June 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.625, four cents below Wednesday’s closing price of $2.668. Marking the intraday low of $2.616 within minutes […]

The Market Remained Range Bound and Traded In and Out of Positive Territory on Thursday

By spragueoperati | June 30, 2023 | 0 Comments

Recap:  The oil market remained range bound and traded in and out of positive territory on Thursday as the market continued to weigh the concerns over the economy and global […]

August NYMEX Natural Gas Futures Contract Closed at $2.668 on Wednesday, June 28th

By spragueoperati | June 29, 2023 | 0 Comments

Wednesday, June 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.775, a penny above Tuesday’s closing price of $2.763. With limited trading due to the contract’s impending […]

A Larger Than Expected Draw in Crude Stocks Offset Concerns Over Further Interest Rate Hikes Slowing Economic Growth and Global Oil Demand

By spragueoperati | June 29, 2023 | 0 Comments

Recap:  The oil market traded higher as a larger than expected draw in crude stocks offset concerns over further interest rate hikes slowing economic growth and global oil demand. The […]

July NYMEX Natural Gas Futures Contract Closed at $2.763 on Tuesday, June 27th

By spragueoperati | June 28, 2023 | 0 Comments

Tuesday, June 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.796, just above Monday’s closing price of $2.791. Trading within a tight band near $2.780 through 11:00AM […]