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The Oil Market on Monday Sold Off After a Monthly ISM Report Showed that the U.S. Manufacturing Sector Fell for the 11th Consecutive Month

By spragueoperati | October 3, 2023 | Comments Off on The Oil Market on Monday Sold Off After a Monthly ISM Report Showed that the U.S. Manufacturing Sector Fell for the 11th Consecutive Month

Recap:  The oil market on Monday sold off after a monthly ISM report showed that the U.S. manufacturing sector fell for the 11th consecutive month in September. The market, which […]

November NYMEX Natural Gas Futures Contract Closed at $2.929 on Friday, September 29th

By spragueoperati | October 2, 2023 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.929 on Friday, September 29th

Friday, September 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.882, six cents below Thursday’s closing price of $2.945. Recording the intraday low of $2.855 by 9:15AM, […]

Further Profit Taking Following Thursday’s Rally That Pushed the Market Over the $95 Level

By spragueoperati | October 2, 2023 | Comments Off on Further Profit Taking Following Thursday’s Rally That Pushed the Market Over the $95 Level

Recap:  The oil market on Friday sold off on some further profit taking following Thursday’s rally that pushed the market over the $95 level before it retraced some of its […]

November NYMEX Natural Gas Futures Contract Closed at $2.945 on Thursday, September 28th

By spragueoperati | September 29, 2023 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.945 on Thursday, September 28th

Thursday, September 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.930, three cents above Wednesday’s closing price of $2.899. Posting a cautious ascent to the $2.960 level […]

The Crude Market on Thursday Rallied to its Highest Level in More Than a Year on Concern of Tight Supply

By spragueoperati | September 29, 2023 | Comments Off on The Crude Market on Thursday Rallied to its Highest Level in More Than a Year on Concern of Tight Supply

Recap:  The crude market on Thursday rallied to its highest level in more than a year on concern of tight supply before it erased its gains by the end of […]

October NYMEX Natural Gas Futures Contract Closed at $2.899 on Wednesday, September 27th

By spragueoperati | September 28, 2023 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.899 on Wednesday, September 27th

Wednesday, September 27th saw the October NYMEX Natural Gas Futures Contract settle at $2.764, nearly eleven cents above Tuesday’s closing price of $2.656. The more actively traded November contract opened […]

The Oil Market Rallied Sharply Higher on Wednesday, Posting its Largest One Day Gain Since Early May

By spragueoperati | September 28, 2023 | Comments Off on The Oil Market Rallied Sharply Higher on Wednesday, Posting its Largest One Day Gain Since Early May

Recap:  The oil market rallied sharply higher on Wednesday, posting its largest one day gain since early May as it continued to trade in its upward trend channel. The market […]

October NYMEX Natural Gas Futures Contract Closed at $2.656 on Tuesday, September 26th

By spragueoperati | September 27, 2023 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.656 on Tuesday, September 26th

Tuesday, September 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.572, seven cents below Monday’s closing price of $2.639. Slipping to the intraday low of $2.558 within […]

The Oil Market Rallied Higher After Posting a Two-Week Low Earlier on Tuesday as the Market Positioned Itself Ahead of the Release of the Weekly Petroleum Stocks Reports

By spragueoperati | September 27, 2023 | Comments Off on The Oil Market Rallied Higher After Posting a Two-Week Low Earlier on Tuesday as the Market Positioned Itself Ahead of the Release of the Weekly Petroleum Stocks Reports

Recap:   The oil market rallied higher after posting a two-week low earlier on Tuesday as the market positioned itself ahead of the release of the weekly petroleum stocks reports. In […]

October NYMEX Natural Gas Futures Contract Closed at $2.639 on Monday, September 25th

By spragueoperati | September 26, 2023 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.639 on Monday, September 25th

Monday, September 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.623, slightly below Friday’s closing price of $2.637. Gradually climbing to reach the intraday high of $2.671 […]