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January NYMEX Natural Gas Futures Contract Closed at $2.447 on Wednesday, December 20th

By spragueoperati | December 21, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.447 on Wednesday, December 20th

Wednesday, December 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.422, eight cents below Monday’s closing price of $2.492. Ascending to the intraday high of $2.539 by […]

Oil Prices Swing on Unexpected Inventory Surge and Trade Flow Disruptions

By spragueoperati | December 21, 2023 | Comments Off on Oil Prices Swing on Unexpected Inventory Surge and Trade Flow Disruptions

Recap: The oil market on Wednesday traded lower in light of the EIA report showing an unexpected build in crude stocks on the week, with record U.S. oil output and […]

January NYMEX Natural Gas Futures Contract Closed at $2.492 on Tuesday, December 19th

By spragueoperati | December 20, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.492 on Tuesday, December 19th

Tuesday, December 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.422, eight cents below Monday’s closing price of $2.503. Continuing the pre-session downward momentum due to heating […]

Oil Markets Navigate Narrow Trading Range Despite Red Sea Shipping Disruptions

By spragueoperati | December 20, 2023 | Comments Off on Oil Markets Navigate Narrow Trading Range Despite Red Sea Shipping Disruptions

Recap: The oil market traded higher but posted an inside trading day as it failed to breach Monday’s $3.60 trading range. While the attacks by Yemen’s Houthi rebels on vessels traveling […]

January NYMEX Natural Gas Futures Contract Closed at $2.503 on Monday, December 18th

By spragueoperati | December 19, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.503 on Monday, December 18th

Monday, December 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.570, eight cents above Friday’s closing price of $2.491. Continuing Friday’s rally, as additional heating demand was […]

Oil Market Rallies as Shipping Disruptions in Red Sea Impact Global Trade

By spragueoperati | December 19, 2023 | Comments Off on Oil Market Rallies as Shipping Disruptions in Red Sea Impact Global Trade

Recap: The oil market rallied higher on Monday amid the escalating tensions in the Middle East due to recent attacks on ships crossing the Red Sea. The market traded sideways within […]

January NYMEX Natural Gas Futures Contract Closed at $2.491 on Friday, December 15th

By spragueoperati | December 18, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.491 on Friday, December 15th

Friday, December 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.444, five cents above Thursday’s closing price of $2.392. Recording the intraday low of $2.417 by 9:15AM, […]

Oil Market Sees First Weekly Gain in Two Months Amid Fluctuating Prices and Global Demand Forecasts

By spragueoperati | December 18, 2023 | Comments Off on Oil Market Sees First Weekly Gain in Two Months Amid Fluctuating Prices and Global Demand Forecasts

Recap: The oil market posted an inside trading day and posted its first weekly gain in almost two months. In a see-saw session, the market posted a high of $72.22 early […]

January NYMEX Natural Gas Futures Contract Closed at $2.392 on Thursday, December 14th

By spragueoperati | December 15, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.392 on Thursday, December 14th

Thursday, December 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.382, five cents above Wednesday’s closing price of $2.335. Finding support early on thanks to a cooler […]

Oil Markets Rally as Dollar Weakens and IEA Ups Demand Forecast for 2024; WTI and Brent Settle Higher Amid Global Demand Dynamics

By spragueoperati | December 15, 2023 | Comments Off on Oil Markets Rally as Dollar Weakens and IEA Ups Demand Forecast for 2024; WTI and Brent Settle Higher Amid Global Demand Dynamics

Recap: The crude market on Thursday extended Wednesday’s gains and continued to retrace its previous losses. The market was well supported by a weaker dollar and as the IEA increased its […]