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April NYMEX Natural Gas Futures Contract Closed at $2.030 on Tuesday, March 28th

By spragueoperati | March 29, 2023 | 0 Comments

Tuesday, March 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.094, nearly a penny above Monday’s closing price of $2.088. Posting a staggered ascent through the morning […]

The Crude Market Continued to Trend Higher on Tuesday Following Monday’s Sharp Gains

By spragueoperati | March 29, 2023 | 0 Comments

Recap:  The crude oil market continued to trend higher on Tuesday following Monday’s sharp gains on supply disruption risk from the Iraqi Kurdistan region. Iraq has been forced to halt […]

April NYMEX Natural Gas Futures Contract Closed at $2.088 on Monday, March 27th

By spragueoperati | March 28, 2023 | 0 Comments

Monday, March 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.119, ten cents below Friday’s closing price of $2.216. Following a bearish shift in weather models over […]

The Oil Market on Monday Continued to Retrace Friday’s Early Losses

By spragueoperati | March 28, 2023 | 0 Comments

Recap:  The oil market on Monday continued to retrace Friday’s early losses. The market was supported by the news that Iraq was forced to halt about 450,000 bpd of crude […]

April NYMEX Natural Gas Futures Contract Closed at $2.216 on Friday, March 24th

By spragueoperati | March 27, 2023 | 0 Comments

Friday, March 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.174, two cents above Thursday’s closing price of $2.154. In a rather balance day of trading, the […]

The Market Remained Pressured by Concerns that the U.S. May Not Be Able to Refill its SPR in the Short Term

By spragueoperati | March 27, 2023 | 0 Comments

Recap:  The oil market on Friday continued to trade lower in follow through selling from Thursday’s session. The market remained pressured by concerns that the U.S. may not be able […]

April NYMEX Natural Gas Futures Contract Closed at $2.154 on Thursday, March 23rd

By spragueoperati | March 24, 2023 | 0 Comments

Thursday, March 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.162, a penny below Wednesday’s closing price of $2.171. Ascending to the $2.200 level ahead of the […]

U.S. Energy Secretary Jennifer Granholm said that refilling the country’s SPR would be difficult this year and may take several years

By spragueoperati | March 24, 2023 | 0 Comments

Recap: The oil market was in the midst of four day winning streak early in the session but sold off sharply ahead of the close under the weight of some bearish […]

April NYMEX Natural Gas Futures Contract Closed at $2.171 on Wednesday, March 22nd

By spragueoperati | March 23, 2023 | 0 Comments

Wednesday, March 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.261, nine cents below Tuesday’s closing price of $2.348. Ascending to the intraday high of $2.303 by […]

The Dollar Fell to a Six-Week Low Ahead of the Federal Reserve’s Decision on Interest Rates

By spragueoperati | March 23, 2023 | 0 Comments

Recap:  The oil market on Wednesday continued on its upward trend despite an unexpected build in crude stocks, as the dollar fell to a six-week low ahead of the Federal […]