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The Crude Market on Wednesday Retraced its Previous Losses Amid Concerns Over the Escalating Tensions in the Middle East

By spragueoperati | October 19, 2023 | Comments Off on The Crude Market on Wednesday Retraced its Previous Losses Amid Concerns Over the Escalating Tensions in the Middle East

Recap:  The crude market on Wednesday retraced its previous losses amid concerns over the escalating tensions in the Middle East and a larger than expected draw in crude stocks. The […]

November NYMEX Natural Gas Futures Contract Closed at $3.079 on Tuesday, October 17th

By spragueoperati | October 18, 2023 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $3.079 on Tuesday, October 17th

Tuesday, October 17th saw the front-month NYMEX Natural Gas Futures Contract open at $3.126, nearly two cents above Monday’s closing price of $3.109. Recording the intraday high of $3.127 within […]

The Oil Market Traded Lower on Tuesday as the Market Continued to Watch Events Unfold in the Middle East

By spragueoperati | October 18, 2023 | Comments Off on The Oil Market Traded Lower on Tuesday as the Market Continued to Watch Events Unfold in the Middle East

Recap:   The oil market traded lower on Tuesday as the market continued to watch events unfold in the Middle East. It traded lower in overnight trading before it posted the […]

November NYMEX Natural Gas Futures Contract Closed at $3.109 on Monday, October 16th

By spragueoperati | October 17, 2023 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $3.109 on Monday, October 16th

Monday, October 16th saw the front-month NYMEX Natural Gas Futures Contract open at $3.184, five cents below Friday’s closing price of $3.236. Marking the intraday high of $3.154 minutes after […]

The Oil Market on Monday Erased Some of its Earlier Gains on Reports that the U.S. and Venezuela Could Soon Reach a Deal to Ease Sanctions on Venezuela

By spragueoperati | October 17, 2023 | Comments Off on The Oil Market on Monday Erased Some of its Earlier Gains on Reports that the U.S. and Venezuela Could Soon Reach a Deal to Ease Sanctions on Venezuela

Recap:  The oil market on Monday erased some of its earlier gains on reports that the U.S. and Venezuela could soon reach a deal to ease sanctions on Venezuela if […]

November NYMEX Natural Gas Futures Contract Closed at $3.236 on Friday, October 13th

By spragueoperati | October 16, 2023 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $3.236 on Friday, October 13th

Friday, October 13th saw the front-month NYMEX Natural Gas Futures Contract open at $3.274, seven cents below Thursday’s closing price of $3.344. Jumping to the intraday high of $3.302 by […]

The Oil Market Rallied Over 5%, Breaking a Three Day Losing Streak on Fears that the Conflict in Israel and Gaza Could Spill Over

By spragueoperati | October 16, 2023 | Comments Off on The Oil Market Rallied Over 5%, Breaking a Three Day Losing Streak on Fears that the Conflict in Israel and Gaza Could Spill Over

Recap:  On Friday, the oil market rallied over 5%, breaking a three day losing streak, on fears that the conflict in Israel and Gaza could spill over into the wider […]

The Market Remained Pressured in Overnight Trading Following the Unexpected Build in Crude Stocks of Over 12 Million Barrels

By spragueoperati | October 13, 2023 | Comments Off on The Market Remained Pressured in Overnight Trading Following the Unexpected Build in Crude Stocks of Over 12 Million Barrels

Recap: The crude market on Thursday sold off on large builds reported in the weekly petroleum stocks reports. The market remained pressured in overnight trading following the unexpected build in […]

Fears of a Disruption to Supplies Amid the Conflict in the Middle East Receded After Saudi Arabia Pledged to Help Stabilize the Market

By spragueoperati | October 12, 2023 | Comments Off on Fears of a Disruption to Supplies Amid the Conflict in the Middle East Receded After Saudi Arabia Pledged to Help Stabilize the Market

Recap:   The oil market on Tuesday sold off as fears of a disruption to supplies amid the conflict in the Middle East receded after Saudi Arabia pledged to help stabilize […]

The Oil Market Posted an Inside Trading Day as it Took a Breather Following Monday’s Volatility

By spragueoperati | October 11, 2023 | Comments Off on The Oil Market Posted an Inside Trading Day as it Took a Breather Following Monday’s Volatility

Recap: The oil market posted an inside trading day as it took a breather following Monday’s volatility but remained cautious amid the military clashes between Israel and the Palestinian Islamist […]