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The Market Remained Focused on the Expectation that China’s Sluggish Economic Activity Will Impact Oil Demand

By spragueoperati | August 23, 2023 | Comments Off on The Market Remained Focused on the Expectation that China’s Sluggish Economic Activity Will Impact Oil Demand

Recap:   The oil market on Tuesday fell as the market remained focused on the expectation that China’s sluggish economic activity will impact oil demand. The Also, U.S. central bank officials […]

September NYMEX Natural Gas Futures Contract Closed at $2.632 on Monday, August 21st

By spragueoperati | August 22, 2023 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.632 on Monday, August 21st

Monday, August 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.618, nearly seven cents above Friday’s closing price of $2.551. Trading sideways along either side of the […]

There Was Not Any Near Term Storm Threat to Offshore Oil Production in the Gulf of Mexico

By spragueoperati | August 22, 2023 | Comments Off on There Was Not Any Near Term Storm Threat to Offshore Oil Production in the Gulf of Mexico

Recap:  The oil market was basically on a roller coaster today as it spent time in both positive and negative territory, but at the end of the day it finished […]

September NYMEX Natural Gas Futures Contract Closed at $2.551 on Friday, August 18th

By spragueoperati | August 21, 2023 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.551 on Friday, August 18th

Friday, August 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.533, nine cents below Thursday’s closing price of $2.621. Slipping to the intraday low of $2.524 within […]

Concerns over China’s Economy Offset Any Signs of Tight Supply

By spragueoperati | August 21, 2023 | Comments Off on Concerns over China’s Economy Offset Any Signs of Tight Supply

Recap:  The oil market settled higher on the day but fell 2% on the week following seven weeks of gains as concerns over China’s economy offset any signs of tight […]

September NYMEX Natural Gas Futures Contract Closed at $2.621 on Thursday, August 17th

By spragueoperati | August 18, 2023 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.621 on Thursday, August 17th

Thursday, August 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.627, nearly four cents above Wednesday’s closing price of $2.592. Ascending to the intraday high of $2.670 […]

The Oil Market on Thursday Remained in its Downward Trend Channel but Rebounded After Falling Nearly 5%

By spragueoperati | August 18, 2023 | Comments Off on The Oil Market on Thursday Remained in its Downward Trend Channel but Rebounded After Falling Nearly 5%

Recap:  The oil market on Thursday remained in its downward trend channel but rebounded after falling nearly 5% over the previous three trading sessions this week in a sell-off that […]

September NYMEX Natural Gas Futures Contract Closed at $2.592 on Wednesday, August 16th

By spragueoperati | August 17, 2023 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.592 on Wednesday, August 16th

Wednesday, August 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.631, three cents below Tuesday’s closing price of $2.659. Once again marking the intraday high within minutes […]

U.S. Crude Oil Production Increased to a Three-Year High

By spragueoperati | August 17, 2023 | Comments Off on U.S. Crude Oil Production Increased to a Three-Year High

Recap:  The crude oil market on Wednesday continued to trend lower despite a bullish draw in crude stocks of nearly 6 million barrels in the week ending August 11th. However, […]

September NYMEX Natural Gas Futures Contract Closed at $2.659 on Tuesday, August 15th

By spragueoperati | August 16, 2023 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.659 on Tuesday, August 15th

Tuesday, August 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.722, seven cents below Monday’s closing price of $2.795. Marking the intraday high of $2.722 soon after […]