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The Oil Market Continued to Sell Off on Monday Posting a Third Consecutive Day of Losses

By spragueoperati | December 5, 2023 | Comments Off on The Oil Market Continued to Sell Off on Monday Posting a Third Consecutive Day of Losses

Recap:  The oil market continued to sell off on Monday posting a third consecutive day of losses. The market remained under pressure on concerns over slowing demand and some skepticism […]

January NYMEX Natural Gas Futures Contract Closed at $2.814 on Friday, December 1st

By spragueoperati | December 4, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.814 on Friday, December 1st

Friday, December 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.769, three cents above Thursday’s closing price of $2.802. Marking the intraday low of $2.757 at 9:30 […]

The Oil Market Sold Off Almost 2.5% on Friday in the Wake of the OPEC+ Decision to Cut About 2.2 Million BPD in the First Quarter of Next Year

By spragueoperati | December 4, 2023 | Comments Off on The Oil Market Sold Off Almost 2.5% on Friday in the Wake of the OPEC+ Decision to Cut About 2.2 Million BPD in the First Quarter of Next Year

Recap:  The oil market sold off almost 2.5% on Friday in the wake of the OPEC+ decision to cut about 2.2 million bpd in the first quarter of next year. […]

January NYMEX Natural Gas Futures Contract Closed at $2.802 on Thursday, November 30thth

By spragueoperati | December 1, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.802 on Thursday, November 30thth

Thursday, November 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.822, two cents above Wednesday’s closing price of $2.804. Achieving the intraday high of $2.845 by 9:35AM, […]

The Oil Market Posted an Outside Trading Day on Thursday as it Rallied Over 2.2% Early in the Session

By spragueoperati | December 1, 2023 | Comments Off on The Oil Market Posted an Outside Trading Day on Thursday as it Rallied Over 2.2% Early in the Session

Recap:  The oil market posted an outside trading day on Thursday as it rallied over 2.2% early in the session before it pared its gains and sold off more than […]

January NYMEX Natural Gas Futures Contract Closed at $2.804 on Wednesday, November 29th

By spragueoperati | November 30, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.804 on Wednesday, November 29th

Wednesday, November 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.823, a penny below Tuesday’s closing price of $2.837. Recording the intraday high of $2.870 by 9:30AM, […]

The Oil Market Continued to Trend Higher on Wednesday Ahead of the OPEC+ Output Policy Meeting

By spragueoperati | November 30, 2023 | Comments Off on The Oil Market Continued to Trend Higher on Wednesday Ahead of the OPEC+ Output Policy Meeting

Recap:  The oil market continued to trend higher on Wednesday ahead of the OPEC+ output policy meeting on Thursday. The market traded sideways in overnight trading before it continued on […]

January NYMEX Natural Gas Futures Contract Closed at $2.837 on Tuesday, November 28th

By spragueoperati | November 29, 2023 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $2.837 on Tuesday, November 28th

Tuesday, November 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.732, six cents below Monday’s closing price of $2.794. In a light day of trading, prices rose […]

The Oil Market Was Well Supported By a Weaker Dollar and a Fall in Kazakhstan’s Oil Output

By spragueoperati | November 29, 2023 | Comments Off on The Oil Market Was Well Supported By a Weaker Dollar and a Fall in Kazakhstan’s Oil Output

Recap:  The oil market moved higher, while still remaining within last Wednesday’s trading range from $77.97 to $73.79, ahead of the weekly petroleum stock reports later on Tuesday and Wednesday […]

December NYMEX Natural Gas Futures Contract Closed at $2.794 on Monday, November 27th

By spragueoperati | November 28, 2023 | Comments Off on December NYMEX Natural Gas Futures Contract Closed at $2.794 on Monday, November 27th

Monday, November 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.794, six cents below Friday’s closing price of $2.855. Following a four-cent decline during Friday’s session, a […]