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June NYMEX Natural Gas Futures Contract Closed at $2.400 on Monday, May 22nd

By spragueoperati | May 23, 2023 | 0 Comments

Monday, May 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.487, ten cents below Friday’s closing price of $2.585. Tallying the intraday high of $2.488 within minutes […]

The market rebounded as traders awaited the resumption of U.S. debt ceiling talks

By spragueoperati | May 23, 2023 | 0 Comments

Recap: The oil market on Monday traded higher after the market rebounded as traders awaited the resumption of U.S. debt ceiling talks. The market breached its previous low of $70.63 and […]

June NYMEX Natural Gas Futures Contract Closed at $2.585 on Friday, May 19th

By spragueoperati | May 22, 2023 | 0 Comments

Friday, May 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.641, five cents above Thursday’s closing price of $2.592. Seeking direction early on, prices traded within an […]

The Oil Market on Friday Posted an Outside Trading Day Following Thursday’s Inside Trading Session

By spragueoperati | May 22, 2023 | 0 Comments

Recap:  The oil market on Friday posted an outside trading day following Thursday’s inside trading session. The market traded mostly sideways overnight before it breached its previous highs and posted […]

June NYMEX Natural Gas Futures Contract Closed at $2.592 on Thursday, May 18th

By spragueoperati | May 19, 2023 | 0 Comments

Thursday, May 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.405, four cents above Wednesday’s closing price of $2.365. Slipping to the intraday low of $2.360 ahead […]

The Market Awaits the Outcome of the Debt Ceiling Negotiations

By spragueoperati | May 19, 2023 | 0 Comments

Recap:  The oil market on Thursday posted an inside trading day as the market awaits the outcome of the debt ceiling negotiations. Early in the session, the market posted a […]

June NYMEX Natural Gas Futures Contract Closed at $2.365 on Wednesday, May 17th

By spragueoperati | May 18, 2023 | 0 Comments

Wednesday, May 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.395, two cents above Tuesday’s closing price of $2.376. Losing ground early on to record the intraday […]

Optimism Over the Debt Ceiling Negotiations Outweighed a Build in Crude Stocks

By spragueoperati | May 18, 2023 | 0 Comments

Recap:  The oil market posted an outside trading day as the market bounced off its lows and rallied over $2 as optimism over the debt ceiling negotiations outweighed a build […]

June NYMEX Natural Gas Futures Contract Closed at $2.376 on Tuesday, May 16th

By spragueoperati | May 17, 2023 | 0 Comments

Tuesday, May 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.418, four cents above Monday’s closing price of $2.375. Ascending to a one-month intraday high of $2.470 […]

The Market Weighed the Weaker Than Expected Economic Data

By spragueoperati | May 17, 2023 | 0 Comments

Recap:  The oil market traded mostly sideways on Tuesday as it posted the day’s trading range by mid-day. The market weighed the weaker than expected economic data from China and […]