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The Third Consecutive Higher Daily Settlement as the Financial Markets Found Support by Signs that Inflation Was Slowing

By spragueoperati | July 3, 2023 | Comments Off on The Third Consecutive Higher Daily Settlement as the Financial Markets Found Support by Signs that Inflation Was Slowing

Recap: The oil market settled higher Friday, posting the third consecutive higher daily settlement as the financial markets found support by signs that inflation was slowing. But despite the gains, […]

August NYMEX Natural Gas Futures Contract Closed at $2.701 on Thursday, June 29th

By spragueoperati | June 30, 2023 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.701 on Thursday, June 29th

Thursday, June 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.625, four cents below Wednesday’s closing price of $2.668. Marking the intraday low of $2.616 within minutes […]

The Market Remained Range Bound and Traded In and Out of Positive Territory on Thursday

By spragueoperati | June 30, 2023 | Comments Off on The Market Remained Range Bound and Traded In and Out of Positive Territory on Thursday

Recap:  The oil market remained range bound and traded in and out of positive territory on Thursday as the market continued to weigh the concerns over the economy and global […]

August NYMEX Natural Gas Futures Contract Closed at $2.668 on Wednesday, June 28th

By spragueoperati | June 29, 2023 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.668 on Wednesday, June 28th

Wednesday, June 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.775, a penny above Tuesday’s closing price of $2.763. With limited trading due to the contract’s impending […]

A Larger Than Expected Draw in Crude Stocks Offset Concerns Over Further Interest Rate Hikes Slowing Economic Growth and Global Oil Demand

By spragueoperati | June 29, 2023 | Comments Off on A Larger Than Expected Draw in Crude Stocks Offset Concerns Over Further Interest Rate Hikes Slowing Economic Growth and Global Oil Demand

Recap:  The oil market traded higher as a larger than expected draw in crude stocks offset concerns over further interest rate hikes slowing economic growth and global oil demand. The […]

July NYMEX Natural Gas Futures Contract Closed at $2.763 on Tuesday, June 27th

By spragueoperati | June 28, 2023 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.763 on Tuesday, June 27th

Tuesday, June 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.796, just above Monday’s closing price of $2.791. Trading within a tight band near $2.780 through 11:00AM […]

The Market’s Gains Were Limited by Signals that the European Central Bank is Not Done with Interest Rate Hikes

By spragueoperati | June 28, 2023 | Comments Off on The Market’s Gains Were Limited by Signals that the European Central Bank is Not Done with Interest Rate Hikes

Recap:   The oil market on Tuesday posted an outside trading day as the market’s gains were limited by signals that the European Central Bank is not done with interest rate […]

July NYMEX Natural Gas Futures Contract Closed at $2.791 on Monday, June 26th

By spragueoperati | June 27, 2023 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.791 on Monday, June 26th

Monday, June 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.759, three cents above Friday’s closing price of $2.729. Continuing last week’s cooling-demand induced rally, prices moved […]

Traders Weighed Concerns about Global Demand Growth Against Upcoming Supply Disruptions

By spragueoperati | June 27, 2023 | Comments Off on Traders Weighed Concerns about Global Demand Growth Against Upcoming Supply Disruptions

Recap:  The oil market traded higher in a choppy session on Monday as traders weighed concerns about global demand growth against upcoming supply disruptions that could get exacerbated by political […]

July NYMEX Natural Gas Futures Contract Closed at $2.729 on Friday, June 23rd

By spragueoperati | June 26, 2023 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.729 on Friday, June 23rd

Friday, June 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.586, two cents below Thursday’s closing price of $2.608. Losing ground early on to record the intraday […]