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February NYMEX Natural Gas Futures Contract Closed at $2.821 on Thursday, January 4th

By spragueoperati | January 5, 2024 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.821 on Thursday, January 4th

Thursday, January 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.845, eighteen cents above Wednesday’s closing price of $2.668. Marking the intraday high of $2.858 within minutes […]

The Market Continued to Trend Higher Amid the Concerns Over Escalating Tensions in the Middle East

By spragueoperati | January 5, 2024 | Comments Off on The Market Continued to Trend Higher Amid the Concerns Over Escalating Tensions in the Middle East

Recap:  The oil market ended the session lower on Thursday on larger than expected builds in product stocks. Earlier in the session, the market continued to trend higher amid the […]

February NYMEX Natural Gas Futures Contract Closed at $2.668 on Wednesday, January 3rd

By spragueoperati | January 4, 2024 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.668 on Wednesday, January 3rd

Wednesday, January 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.606, four cents above Tuesday’s closing price of $2.568. Dipping to the intraday low of $2.603 within […]

The Market Continued to Trend Lower in Overnight Trading Despite a Rise in Tensions in the Middle East

By spragueoperati | January 4, 2024 | Comments Off on The Market Continued to Trend Lower in Overnight Trading Despite a Rise in Tensions in the Middle East

Recap:  The oil market retraced its earlier losses and ended the session higher on Wednesday after posting an outside trading day on Tuesday and ending lower. The market continued to […]

February NYMEX Natural Gas Futures Contract Closed at $2.568 on Tuesday, January 2nd

By spragueoperati | January 3, 2024 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.568 on Tuesday, January 2nd

Tuesday, January 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.624, eleven cents above Friday’s closing price of $2.514. Riding the wave of a forecast for bullish […]

On Its Final Trading Day of the Year, the Oil Market Ended the Session Down 0.17%

By spragueoperati | January 2, 2024 | Comments Off on On Its Final Trading Day of the Year, the Oil Market Ended the Session Down 0.17%

Recap:  On its final trading day of the year, the oil market ended the session down 0.17%. It also ended the week 2.6% lower and about 10.7% lower on the […]

Oil Market Retraces Gains Amid Easing Red Sea Shipping Concerns

By spragueoperati | December 29, 2023 | Comments Off on Oil Market Retraces Gains Amid Easing Red Sea Shipping Concerns

Recap: The oil market fell on Thursday as concerns over shipping disruptions along the Red Sea route eased. According to a shipping schedule, Denmark's Maersk will route almost all container vessels […]

Traders Continued to Monitor Developments in the Red Sea

By spragueoperati | December 28, 2023 | Comments Off on Traders Continued to Monitor Developments in the Red Sea

Recap:  The oil market posted an inside trading day on Wednesday, as traders continued to monitor developments in the Red Sea. This followed Tuesday’s outside trading session. The market traded […]

Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend

By spragueoperati | December 27, 2023 | Comments Off on Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend

Recap:  The oil market posted an outside trading day, with thin volume trading on Monday following the long Christmas holiday weekend. The market breached its previous low of $73.39 and […]

The oil market remained steady ahead of the long Christmas holiday weekend

By spragueoperati | December 26, 2023 | Comments Off on The oil market remained steady ahead of the long Christmas holiday weekend

Recap: On Friday, the oil market remained steady ahead of the long Christmas holiday weekend as the market remained supported by the concerns over the situation in the Middle East following […]