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The Oil Market on Monday Ended Higher After Posting its Seventh Consecutive Weekly Decline

By spragueoperati | December 12, 2023 | Comments Off on The Oil Market on Monday Ended Higher After Posting its Seventh Consecutive Weekly Decline

Recap:  The oil market on Monday ended higher after posting its seventh consecutive weekly decline last week. The market continued to retrace some of its previous losses in overnight trading […]

January NYMEX Natural Gas Futures Contract Closed at $2.581 on Friday, December 8th

By spragueoperati | December 11, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.581 on Friday, December 8th

Friday, December 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.579, slightly below Thursday’s closing price of $2.585. Lacking any material changes to fundamentals overnight and throughout […]

Saudi Arabia & Russia Called for All OPEC+ Members to Join an Agreement on Output Cuts

By spragueoperati | December 11, 2023 | Comments Off on Saudi Arabia & Russia Called for All OPEC+ Members to Join an Agreement on Output Cuts

Recap:  The crude market on Friday retraced some of its previous losses but still ended the week lower on concerns over a supply surplus and weak Chinese demand. On Thursday, […]

January NYMEX Natural Gas Futures Contract Closed at $2.585 on Thursday, December 7th

By spragueoperati | December 8, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.585 on Thursday, December 7th

Thursday, December 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.554, nearly two cents below Wednesday’s closing price of $2.569. Trading modestly higher to reach $2.575 ahead […]

The Crude Market on Thursday Traded Lower After it Retraced Some of its Recent Sharp Losses

By spragueoperati | December 8, 2023 | Comments Off on The Crude Market on Thursday Traded Lower After it Retraced Some of its Recent Sharp Losses

Recap:  The crude market on Thursday traded lower after it retraced some of its recent sharp losses. The market opened 10 cents lower at $69.28 before it rebounded and gradually […]

January NYMEX Natural Gas Futures Contract Closed at $2.569 on Wednesday, December 6th

By spragueoperati | December 7, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.569 on Wednesday, December 6th

Wednesday, December 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.734, two cents above Tuesday’s closing price of $2.710. Recording the intraday high of $2.742 within minutes […]

The Market Continued to Weigh the Effectiveness of an Extension of the OPEC+ Output Cuts

By spragueoperati | December 7, 2023 | Comments Off on The Market Continued to Weigh the Effectiveness of an Extension of the OPEC+ Output Cuts

Recap:  The oil market sold off more than 4% on Wednesday as the market continued to weigh the effectiveness of an extension of the OPEC+ output cuts against a worsening […]

January NYMEX Natural Gas Futures Contract Closed at $2.710 on Tuesday, December 5th

By spragueoperati | December 6, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.710 on Tuesday, December 5th

Tuesday, December 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.747, five cents above Monday’s closing price of $2.694. Jumping to the $2.780 level by 9:15AM, a […]

The Market Saw Some Volatile Trading as a Stronger Dollar Offset Supply Concerns

By spragueoperati | December 6, 2023 | Comments Off on The Market Saw Some Volatile Trading as a Stronger Dollar Offset Supply Concerns

Recap:  The oil market continued on its downward trend for the fourth consecutive session on Tuesday as several attempts to rebound throughout the day failed. The market saw some volatile […]

January NYMEX Natural Gas Futures Contract Closed at $2.694 on Monday, December 4th

By spragueoperati | December 5, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.694 on Monday, December 4th

Monday, December 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.689, twelve cents below Friday’s closing price of $2.814. Falling to a two-month intraday low of $2.649 […]