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The Oil Market on Friday Retraced More of its Previous Gains Following Thursday’s Early Sell Off

By spragueoperati | May 8, 2023 | 0 Comments

Recap:  The oil market on Friday retraced more of its previous gains following Thursday’s early sell off at the opening. The crude market opened 14 cents higher at $68.70 and […]

June NYMEX Natural Gas Futures Contract Closed at $2.101 on Thursday, May 4th

By spragueoperati | May 5, 2023 | 0 Comments

Thursday, May 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.149, two cents below Wednesday’s closing price of $2.170. Achieving the intraday high of $2.163 within minutes […]

The Oil Market on Thursday Traded Higher After Reversing its Previous Losses

By spragueoperati | May 5, 2023 | 0 Comments

Recap:  The oil market on Thursday traded higher after reversing its previous losses in what appeared to be a technical rebound. On the opening, the market sold off sharply by […]

The Oil Market on Thursday Traded Higher After Reversing its Previous Losses

By spragueoperati | May 5, 2023 | 0 Comments

Recap:  The oil market on Thursday traded higher after reversing its previous losses in what appeared to be a technical rebound. On the opening, the market sold off sharply by […]

June NYMEX Natural Gas Futures Contract Closed at $2.170 on Wednesday, May 3rd

By spragueoperati | May 4, 2023 | 0 Comments

Wednesday, May 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.181, three cents below Tuesday’s closing price of $2.214. Reaching the intraday high of $2.192 by 9:15AM, […]

Traders Remained Concerned About the Economy as the Fed Raised Interest Rates

By spragueoperati | May 4, 2023 | 0 Comments

Recap:  On Wednesday, the oil market extended its sharp losses seen on Tuesday, as traders remained concerned about the economy as the Fed raised interest rates. In overnight trading, the […]

June NYMEX Natural Gas Futures Contract Closed at $2.214 on Tuesday, May 2nd

By spragueoperati | May 3, 2023 | 0 Comments

Tuesday, May 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.257, six cents below Monday’s closing price of $2.318. Recording the intraday high of $2.262 within minutes […]

The Oil Market Sold Off Sharply on Tuesday on Concerns Over the Economy

By spragueoperati | May 3, 2023 | 0 Comments

Recap:  The oil market sold off sharply on Tuesday on concerns over the economy amid discussions on ways to avoid a debt default and ahead of the Fed’s expected U.S. […]

June NYMEX Natural Gas Futures Contract Closed at $2.318 on Monday, May 1st

By spragueoperati | May 2, 2023 | 0 Comments

Monday, May 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.363, five cents below Friday’s closing price of $2.410. Recording the intraday high of $2.394 by 9:15AM, […]

Traders Weighed the Impact of the Federal Reserve Potentially Raising Interest Rates

By spragueoperati | May 2, 2023 | 0 Comments

Recap:  The oil market posted an inside trading day on Monday as traders weighed the impact of the Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data against […]