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Fitch Downgraded the U.S. Government’s Top Credit Rating to AA+ from AAA

By spragueoperati | August 3, 2023 | Comments Off on Fitch Downgraded the U.S. Government’s Top Credit Rating to AA+ from AAA

Recap:  The oil market posted an outside trading day and sold off sharply after Fitch downgraded the U.S. government’s top credit rating to AA+ from AAA. The market breached its […]

September NYMEX Natural Gas Futures Contract Closed at $2.560 on Tuesday, August 1st

By spragueoperati | August 2, 2023 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.560 on Tuesday, August 1st

Tuesday, August 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.560, seven cents below Monday’s closing price of $2.634. Healthy storage levels and a break in intense […]

The Market’s Gains Were Limited Amid the Strength in the Dollar

By spragueoperati | August 2, 2023 | Comments Off on The Market’s Gains Were Limited Amid the Strength in the Dollar

Recap:  On Tuesday, the oil market posted an inside trading day as traders took profits after it continued to trend higher in its upward trending channel on Monday. The market’s […]

September NYMEX Natural Gas Futures Contract Closed at $2.634 on Monday, July 31st

By spragueoperati | August 1, 2023 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.634 on Monday, July 31st

Monday, July 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.612, nearly three cents below Friday’s closing price of $2.638. Falling to the intraday low of $2.605 […]

The Oil Markets Finished Higher on Monday Marking the Third Straight Trading Session of Price Gains

By spragueoperati | August 1, 2023 | Comments Off on The Oil Markets Finished Higher on Monday Marking the Third Straight Trading Session of Price Gains

Recap: The oil markets finished higher on Monday marking the third straight trading session of price gains. The September Brent, which expired today, finished the trading session up 0.7% at $85.56 […]

September NYMEX Natural Gas Futures Contract Closed at $2.638 on Friday, July 28th

By spragueoperati | July 31, 2023 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.638 on Friday, July 28th

Friday, July 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.655, six cents above Thursday’s closing price of $2.595. Ascending to reach the intraday high of $2.685 […]

The Oil Market Rallied Higher Ahead of the Close and Settled Higher for the Fifth Consecutive Week

By spragueoperati | July 31, 2023 | Comments Off on The Oil Market Rallied Higher Ahead of the Close and Settled Higher for the Fifth Consecutive Week

Recap:  On Friday, the oil market rallied higher ahead of the close and settled higher for the fifth consecutive week. The market retraced some of its previous gains but held […]

September NYMEX Natural Gas Futures Contract Closed at $2.595 on Thursday, July 27th

By spragueoperati | July 28, 2023 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $2.595 on Thursday, July 27th

Thursday, July 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.573, nine cents below Wednesday’s closing price of $2.665. Achieving the intraday high of $2.589 early on, […]

The Market Continued to Trend Higher Remaining Supported by Supply Tightness and Optimism for Global Growth

By spragueoperati | July 28, 2023 | Comments Off on The Market Continued to Trend Higher Remaining Supported by Supply Tightness and Optimism for Global Growth

Recap:  The oil market continued its upward trend on Thursday, breaching the $80.00 level and peaking at a level not seen since April 19th after it posted an inside trading […]

August NYMEX Natural Gas Futures Contract Closed at $2.665 on Wednesday, July 26th

By spragueoperati | July 27, 2023 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.665 on Wednesday, July 26th

Wednesday, July 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.698, three cents below Tuesday’s closing price of $2.730. Recording the intraday high as markets opened, prices […]