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Traders Remained Focused on the Prospect of Increasing Supply Deficit in the Fourth Quarter

By spragueoperati | September 19, 2023 | Comments Off on Traders Remained Focused on the Prospect of Increasing Supply Deficit in the Fourth Quarter

Recap:  The oil market rallied higher as traders remained focused on the prospect of increasing supply deficit in the fourth quarter amid the voluntary extension of supply cuts by Saudi […]

October NYMEX Natural Gas Futures Contract Closed at $2.644 on Friday, September 15th

By spragueoperati | September 18, 2023 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.644 on Friday, September 15th

Friday, September 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.675, three cents below Thursday’s closing price of $2.708. Climbing early on to achieve an intraday high […]

Supply Tightness Following the Saudi Arabian Production Cuts and Optimism Regarding Chinese Demand Lifted Oil Prices

By spragueoperati | September 18, 2023 | Comments Off on Supply Tightness Following the Saudi Arabian Production Cuts and Optimism Regarding Chinese Demand Lifted Oil Prices

Recap:  The oil market on Friday rallied higher and posted a gain for the third consecutive week as supply tightness following the Saudi Arabian production cuts and optimism regarding Chinese […]

October NYMEX Natural Gas Futures Contract Closed at $2.708 on Thursday, September 14th

By spragueoperati | September 15, 2023 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.708 on Thursday, September 14th

Thursday, September 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.782, ten cents above Wednesday’s closing price of $2.680. Trading within four cents of the $2.760 level […]

The Oil Market on Thursday Continued Higher in its Upward Trend Channel on Concerns of Tighter Supply

By spragueoperati | September 15, 2023 | Comments Off on The Oil Market on Thursday Continued Higher in its Upward Trend Channel on Concerns of Tighter Supply

Recap:  The oil market on Thursday continued higher in its upward trend channel on concerns of tighter supply. The market retraced some of Wednesday’s losses but remained range bound as […]

October NYMEX Natural Gas Futures Contract Closed at $2.680 on Wednesday, September 13th

By spragueoperati | September 14, 2023 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.680 on Wednesday, September 13th

Wednesday, September 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.769, nearly three cents above Tuesday’s closing price of $2.743. In a volatile day of trading, prices […]

An Unexpected Build in Oil Inventories Offset Expectations of a Tight Market

By spragueoperati | September 14, 2023 | Comments Off on An Unexpected Build in Oil Inventories Offset Expectations of a Tight Market

Recap:  The oil market continued on its upward trend in overnight trading before an unexpected build in oil inventories offset expectations of a tight market. The market rallied higher in […]

October NYMEX Natural Gas Futures Contract Closed at $2.743 on Tuesday, September 12th

By spragueoperati | September 13, 2023 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.743 on Tuesday, September 12th

Tuesday, September 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.670, seven cents above Monday’s closing price of $2.608. Trending lower to tally the intraday low of […]

The Oil Market Reversed Monday’s Small Declines and Continued on its Recent Uptrend

By spragueoperati | September 13, 2023 | Comments Off on The Oil Market Reversed Monday’s Small Declines and Continued on its Recent Uptrend

Recap:   The oil market reversed Monday’s small declines and continued on its recent uptrend. The market was supported by a tighter supply outlook and as OPEC maintained its demand growth […]

October NYMEX Natural Gas Futures Contract Closed at $2.608 on Monday, September 11th

By spragueoperati | September 12, 2023 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.608 on Monday, September 11th

Monday, September 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.595, a penny below Friday’s closing price of $2.605. Seeking direction in the session’s opening hour, prices […]