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The Oil Market Posted an Inside Trading Day on Friday and Ended the Week Down More Than 2% Following Thursday’s Volatile Trading Session

By spragueoperati | June 12, 2023 | Comments Off on The Oil Market Posted an Inside Trading Day on Friday and Ended the Week Down More Than 2% Following Thursday’s Volatile Trading Session

Recap:  The oil market posted an inside trading day on Friday and ended the week down more than 2% following Thursday's volatile trading session. The market on Thursday lost more […]

July NYMEX Natural Gas Futures Contract Closed at $2.352 on Thursday, June 8th

By spragueoperati | June 9, 2023 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.352 on Thursday, June 8th

Thursday, June 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.334, just above Wednesday’s closing price of $2.329. Trading along $2.320 heading into the weekly storage publication, […]

The Market Rallied to its High Early in the Morning Before it Sold Off Sharply on a Report of Progress Toward a Deal Between the U.S. and Iran

By spragueoperati | June 9, 2023 | Comments Off on The Market Rallied to its High Early in the Morning Before it Sold Off Sharply on a Report of Progress Toward a Deal Between the U.S. and Iran

Recap:  The oil market posted an outside trading day, with the market rallying to its high early in the morning before it sold off sharply on a report of progress […]

July NYMEX Natural Gas Futures Contract Closed at $2.329 on Wednesday, June 7th

By spragueoperati | June 8, 2023 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.329 on Wednesday, June 7th

Wednesday, June 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.318, nearly six cents above Tuesday’s closing price of $2.262. Recording the intraday high of $2.345 before […]

The Oil Market Retraced Some of its Previous Losses on Wednesday Amid Unexpected Draws Reported in Crude Stocks

By spragueoperati | June 8, 2023 | Comments Off on The Oil Market Retraced Some of its Previous Losses on Wednesday Amid Unexpected Draws Reported in Crude Stocks

Recap:  The oil market retraced some of its previous losses on Wednesday amid unexpected draws reported in crude stocks. The crude market traded sideways in overnight trading as it traded […]

July NYMEX Natural Gas Futures Contract Closed at $2.262 on Tuesday, June 6th

By spragueoperati | June 7, 2023 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.262 on Tuesday, June 6th

Tuesday, June 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.201, four cents below Monday’s closing price of $2.245. Digesting the updated bullish weather forecasts overnight, the […]

Concerns Over Global Economic Growth Outweighed Saudi Arabia’s Pledge Over the Weekend to Increase its Output Cuts

By spragueoperati | June 7, 2023 | Comments Off on Concerns Over Global Economic Growth Outweighed Saudi Arabia’s Pledge Over the Weekend to Increase its Output Cuts

Recap:   The oil market erased Monday’s gains and retraced almost 62% of its move from a recent low of $67.03 to its high of $75.06 on profit taking. Concerns over […]

July NYMEX Natural Gas Futures Contract Closed at $2.245 on Monday, June 5th

By spragueoperati | June 6, 2023 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.245 on Monday, June 5th

Monday, June 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.263, nine cents above Friday’s closing price of $2.172. Seeking direction throughout the morning, following the overnight […]

Saudi Arabia Pledged to Cut its Production by a Further 1 Million Bpd to 9 Million Bpd Starting in July

By spragueoperati | June 6, 2023 | Comments Off on Saudi Arabia Pledged to Cut its Production by a Further 1 Million Bpd to 9 Million Bpd Starting in July

Recap:  The oil market rallied higher on Monday after Saudi Arabia pledged to cut its production by a further 1 million bpd to 9 million bpd starting in July. The […]

July NYMEX Natural Gas Futures Contract Closed at $2.172 on Friday, June 2nd

By spragueoperati | June 5, 2023 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.172 on Friday, June 2nd

Friday, June 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.193, nearly four cents above Thursday’s closing price of $2.158. Ascending to trade along the $2.220 level […]