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The Crude Oil Market on Wednesday Continued on its Downward Trend

By spragueoperati | February 23, 2023 | 0 Comments

Recap: The crude oil market on Wednesday continued on its downward trend as concern over fuel demand were prompted by expectations that the minutes of the U.S. Federal Reserve’s last […]

March NYMEX Natural Gas Futures Contract Closed at $2.073 on Tuesday, February 21st

By spragueoperati | February 22, 2023 | 0 Comments

Tuesday, February 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.187, eleven cents below Friday’s closing price of $2.275. Recording the intraday high of $2.188 within minutes […]

The Oil Market Traded Within Friday’s Trading Range During Monday’s Shortened Session

By spragueoperati | February 22, 2023 | 0 Comments

Recap:  The oil market traded within Friday’s trading range during Monday’s shortened session and remained range bound on Tuesday. The market rallied to a high of $77.51 during Monday’s session […]

The Crude Oil Market on Friday Traded Lower

By spragueoperati | February 21, 2023 | 0 Comments

Recap:  The crude oil market on Friday traded lower, pressured by concerns of further U.S. Federal Reserve interest rate hikes and a recession that could weigh on demand. Two Federal […]

March NYMEX Natural Gas Futures Contract Closed at $2.389 on Thursday, February 16th

By spragueoperati | February 17, 2023 | 0 Comments

Thursday, February 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.547, seven cents above Wednesday’s closing price of $2.471. Marking the intraday high as markets opened, prices […]

The Market Weighed Mixed U.S. Economic Signals

By spragueoperati | February 17, 2023 | 0 Comments

Recap:  The oil market traded sideways as the market weighed mixed U.S. economic signals and the prospects for a recovery in Chinese demand. The market traded to a high of […]

March NYMEX Natural Gas Futures Contract Closed at $2.471 on Wednesday, February 15th

By spragueoperati | February 16, 2023 | 0 Comments

Wednesday, February 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.538, three cents below Tuesday’s closing price of $2.567. Posting an arching ascent through the morning hours, […]

The Market Sold Off Sharply Following the Release of the EIA Petroleum Stock Report

By spragueoperati | February 16, 2023 | 0 Comments

Recap:  The oil market looked ready to post an inside trading day early in the session, however the market sold off sharply following the release of the EIA petroleum stock […]

March NYMEX Natural Gas Futures Contract Closed at $2.567 on Tuesday, February 14th

By spragueoperati | February 15, 2023 | 0 Comments

Tuesday, February 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.559, fifteen cents above Monday’s closing price of $2.405. Marking the intraday low of $2.515 shortly after […]

The U.S. Government Said it Would Release More Crude from its SPR

By spragueoperati | February 15, 2023 | 0 Comments

Recap: The oil market started the session lower on news that the U.S. government said it would release more crude from its SPR, while the market looked for U.S. inflation […]