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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 […]

January NYMEX Natural Gas Futures Contract Closed at $2.335 on Wednesday, December 13th

By spragueoperati | December 14, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.335 on Wednesday, December 13th

Wednesday, December 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.321, a penny above Tuesday’s closing price of $2.311. With the latest forecasts calling for continued bearish […]

Reports of Russia’s Weekly Average Seaborne Crude Exports Increasing to its Highest Level Since Early July

By spragueoperati | December 14, 2023 | Comments Off on Reports of Russia’s Weekly Average Seaborne Crude Exports Increasing to its Highest Level Since Early July

Recap:  The oil market moved lower in overnight trading as it remained pressured by concerns over global demand and oversupply. The market was weighed by reports of Russia’s weekly average […]

January NYMEX Natural Gas Futures Contract Closed at $2.311 on Tuesday, December 12th

By spragueoperati | December 13, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.311 on Tuesday, December 12th

Tuesday, December 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.379, five cents below Monday’s closing price of $2.431. Seeking direction throughout the morning as bearish sentiment […]

The Crude Market Posted an Outside Trading Day on Tuesday as it Rallied Over Monday’s High

By spragueoperati | December 13, 2023 | Comments Off on The Crude Market Posted an Outside Trading Day on Tuesday as it Rallied Over Monday’s High

Recap:  The crude oil market posted an outside trading day on Tuesday as it rallied over Monday’s high and below its previous low in a volatile trading session. The market […]

January NYMEX Natural Gas Futures Contract Closed at $2.431 on Monday, December 11th

By spragueoperati | December 12, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.431 on Monday, December 11th

Monday, December 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.349, twenty-three cents below Friday’s closing price of $2.581. With continued bearish forecasts and steady production persisting […]