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The Market Awaits the Outcome of the Debt Ceiling Negotiations

By spragueoperati | May 19, 2023 | Comments Off on The Market Awaits the Outcome of the Debt Ceiling Negotiations

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

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 | Comments Off on Optimism Over the Debt Ceiling Negotiations Outweighed a Build in Crude Stocks

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

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 | Comments Off on The Market Weighed the Weaker Than Expected Economic Data

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 […]

June NYMEX Natural Gas Futures Contract Closed at $2.375 on Monday, May 15th

By spragueoperati | May 16, 2023 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $2.375 on Monday, May 15th

Monday, May 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.355, nine cents above Friday’s closing price of $2.266. Trading within a tight band along either side […]

The Oil Market Rallied Higher on Monday on Concerns About Lower Supplies in Canada and Elsewhere

By spragueoperati | May 16, 2023 | Comments Off on The Oil Market Rallied Higher on Monday on Concerns About Lower Supplies in Canada and Elsewhere

Recap:  The oil market rallied higher on Monday on concerns about lower supplies in Canada and elsewhere. The market continued to trend lower and posted a low of $69.41 in […]

June NYMEX Natural Gas Futures Contract Closed at $2.266 on Friday, May 12th

By spragueoperati | May 15, 2023 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $2.266 on Friday, May 12th

Friday, May 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.171, two cents below Thursday’s closing price of $2.190. Recording the intraday low of $2.160 within minutes […]

Economic Concerns and Signs of Increased Supplies Despite the Prospects of the U.S. Soon Refilling its SPR

By spragueoperati | May 15, 2023 | Comments Off on Economic Concerns and Signs of Increased Supplies Despite the Prospects of the U.S. Soon Refilling its SPR

Recap:  The oil market continued on its downward trend on Friday, trading back below the $70.00 level amid economic concerns and signs of increased supplies despite the prospects of the […]

June NYMEX Natural Gas Futures Contract Closed at $2.190 on Thursday, May 11th

By spragueoperati | May 12, 2023 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $2.190 on Thursday, May 11th

Thursday, May 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.176, three cents below Wednesday’s closing price of $2.191. Ascending to trade along the $2.200 level leading […]