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The Oil Market on Monday Rallied Higher as Houthi Rebel Attacks Increased Concerns of Disruptions to Supply

By spragueoperati | February 27, 2024 | Comments Off on The Oil Market on Monday Rallied Higher as Houthi Rebel Attacks Increased Concerns of Disruptions to Supply

Recap:  The oil market on Monday rallied higher as Houthi rebel attacks increased concerns of disruptions to supply. The U.S. Central Command said Houthi rebels in Yemen narrowly missed hitting […]

March NYMEX Natural Gas Futures Contract Closed at $1.603 on Friday, February 23rd

By spragueoperati | February 26, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.603 on Friday, February 23rd

Friday, February 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.621, eleven cents below Thursday’s closing price of $1.732. Posting a modest bump to achieve the intraday […]

Oil Market Falls as Fed’s Rate Cut Delay and Geopolitical Tensions Fuel Uncertainty

By spragueoperati | February 26, 2024 | Comments Off on Oil Market Falls as Fed’s Rate Cut Delay and Geopolitical Tensions Fuel Uncertainty

Recap: On Friday, the oil market erased Thursday’s gains and posted a weekly decline of 2.51% after Federal Reserve officials continued to push back against a near-term start to interest rate […]

March NYMEX Natural Gas Futures Contract Closed at $1.732 on Thursday, February 22nd

By spragueoperati | February 23, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.732 on Thursday, February 22nd

Thursday, February 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.698, nearly eight cents below Wednesday’s closing price of $1.773. Ascending to $1.732 by 9:35AM, prices withdrew […]

The Market Continued to Trend Higher on News of a Missile Attack on a Cargo Ship

By spragueoperati | February 23, 2024 | Comments Off on The Market Continued to Trend Higher on News of a Missile Attack on a Cargo Ship

Recap:  The oil market rallied higher on Thursday on continued tensions in the Middle East. In overnight trading, the market continued to trend higher on news of a missile attack […]

March NYMEX Natural Gas Futures Contract Closed at $1.773 on Wednesday, February 21st

By spragueoperati | February 22, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.773 on Wednesday, February 21st

Wednesday, February 21st saw the front-month NYMEX Natural Gas Futures Contract open at $1.770, nineteen cents above Tuesday’s closing price of $1.576. A major natural gas producer announced a planned […]

The Crude Market Rallied Higher Ahead of the Release of the Federal Reserve’s Last Meeting in February

By spragueoperati | February 22, 2024 | Comments Off on The Crude Market Rallied Higher Ahead of the Release of the Federal Reserve’s Last Meeting in February

Recap:  The oil market traded higher as the market remained well supported by the continuing geopolitical tensions in the Middle East. The market traded lower in overnight trading, posting a […]

March NYMEX Natural Gas Futures Contract Closed at $1.576 on Tuesday, February 20th

By spragueoperati | February 21, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.576 on Tuesday, February 20th

Tuesday, February 20th saw the front-month NYMEX Natural Gas Futures Contract open at $1.584, roughly two cents below Friday’s closing price of $1.609. Knocked down over the long weekend due […]

The Market Weighed an Uncertain Outlook For Global Demand Against the Risk Premium From the Continuing Israeli-Hamas Conflict

By spragueoperati | February 21, 2024 | Comments Off on The Market Weighed an Uncertain Outlook For Global Demand Against the Risk Premium From the Continuing Israeli-Hamas Conflict

Recap:  The March WTI contract posted an outside trading day on Tuesday morning, ahead of its expiration at the close, as the market weighed an uncertain outlook for global demand […]

March NYMEX Natural Gas Futures Contract Closed at $1.609 on Friday, February 16th

By spragueoperati | February 20, 2024 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $1.609 on Friday, February 16th

Friday, February 16th saw the front-month NYMEX Natural Gas Futures Contract open at $1.608, four cents below Thursday’s closing price of $1.581. Recording the intraday low of $1.590 within minutes […]