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The Producer Price Index Report Released on Thursday Morning and Wednesday’s Consumer Price Index Report Both Showed that Inflation Was Easing

By spragueoperati | April 14, 2023 | 0 Comments

Recap:  The oil market on Thursday posted an inside trading day after failing to breach its previous trading range. The market traded sideways and posted a high of $83.44 in […]

May NYMEX Natural Gas Futures Contract Closed at $2.093 on Wednesday, April 12th

By spragueoperati | April 13, 2023 | 0 Comments

Wednesday, April 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.181, just below Tuesday’s closing price of $2.186. Recording the intraday high of $2.193 by 9:15AM, prices […]

The Oil Market Broke Out of its Recent Trading Range on Wednesday

By spragueoperati | April 13, 2023 | 0 Comments

Recap:  The oil market broke out of its recent trading range on Wednesday as it breached its previous highs. Overnight, the market breached its resistance at $81.81 as it traded […]

May NYMEX Natural Gas Futures Contract Closed at $2.186 on Tuesday, April 11th

By spragueoperati | April 12, 2023 | 0 Comments

Tuesday, April 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.214, four cents above Monday’s closing price of $2.172. Losing ground in the day’s opening hour to […]

The oil market posted an outside trading day for the second consecutive day

By spragueoperati | April 12, 2023 | 0 Comments

Recap: On Tuesday, the oil market posted an outside trading day for the second consecutive day as Chinese inflation data suggested persistent demand weakness, while a softer dollar and hopes […]

May NYMEX Natural Gas Futures Contract Closed at $2.172 on Monday, April 10th

By spragueoperati | April 11, 2023 | 0 Comments

Monday, April 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.131, twelve cents above Thursday’s closing price of $2.011. Markets were closed on Friday April 7th in […]

Looming Supply cuts from Saudi Arabia and Other OPEC+ Producers Offset Concern about Weakening Global Growth

By spragueoperati | April 11, 2023 | 0 Comments

Recap:  On Monday, the oil market continued to trend sideways following the long Easter holiday weekend as it continued to trade within last Tuesday’s trading range from $79.61 to $81.81. […]

The Oil Market Held Steady as it Continued to Trade Within Tuesday’s Trading Range Ahead of the Long Easter Holiday Weekend

By spragueoperati | April 10, 2023 | 0 Comments

Recap:  The oil market held steady as it continued to trade within Tuesday's trading range ahead of the long Easter holiday weekend. The market posted a third weekly gain as […]

May NYMEX Natural Gas Futures Contract Closed at $2.011 on Thursday, April 6th

By spragueoperati | April 7, 2023 | 0 Comments

Thursday, April 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.136, two cents below Wednesday’s closing price of $2.155. Recording the intraday high of $2.138 at 9:30AM, […]

May NYMEX Natural Gas Futures Contract Closed at $2.155 on Wednesday, April 5th

By spragueoperati | April 6, 2023 | 0 Comments

Wednesday, April 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.150, four cents above Tuesday’s closing price of $2.106. Achieving the intraday high of $2.197 ahead of […]