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May NYMEX Natural Gas Futures Contract Closed at $2.233 on Friday, April 21st

By spragueoperati | April 24, 2023 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.233 on Friday, April 21st

Friday, April 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.243, nearly even to Thursday’s closing price of $2.249. Climbing to the intraday high of $2.256 ahead […]

The Oil Market Ended the Session Higher but Still Posted a Weekly Loss

By spragueoperati | April 24, 2023 | Comments Off on The Oil Market Ended the Session Higher but Still Posted a Weekly Loss

Recap:  The oil market ended the session higher but still posted a weekly loss following its sharp losses earlier in the week as interest rate uncertainty weighed on the market. […]

May NYMEX Natural Gas Futures Contract Closed at $2.249 on Thursday, April 20th

By spragueoperati | April 21, 2023 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.249 on Thursday, April 20th

Thursday, April 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.244, two cents above Wednesday’s closing price of $2.222. Extending to the intraday high of $2.271 within […]

The Market Has Reversed Almost All of its Gains Following the Saudi Announcement of Further Output Cuts

By spragueoperati | April 21, 2023 | Comments Off on The Market Has Reversed Almost All of its Gains Following the Saudi Announcement of Further Output Cuts

Recap:  The oil market on Thursday remained on its downward trend ahead of the May contract’s expiration at the close, trading to the lowest level since the end of March […]

May NYMEX Natural Gas Futures Contract Closed at $2.222 on Wednesday, April 19th

By spragueoperati | April 20, 2023 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.222 on Wednesday, April 19th

Wednesday, April 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.282, eight cents below Tuesday’s closing price of $2.366. Recording the intraday high as markets opened for […]

The Oil Market Continued on its Downward Trend and Sold Off to a Two Week Low

By spragueoperati | April 20, 2023 | Comments Off on The Oil Market Continued on its Downward Trend and Sold Off to a Two Week Low

Recap:  The oil market continued on its downward trend and sold off to a two week low despite the API and EIA reports showing larger than expected draws in crude […]

May NYMEX Natural Gas Futures Contract Closed at $2.366 on Tuesday, April 18th

By spragueoperati | April 19, 2023 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.366 on Tuesday, April 18th

Tuesday, April 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.279, nearly even to Monday’s closing price of $2.275. Slipping to the intraday low of $2.267 shortly […]

The Market on Tuesday Continued on its Downward Trend Early in the Session Before it Bounced Higher and Settled in Positive Territory

By spragueoperati | April 19, 2023 | Comments Off on The Market on Tuesday Continued on its Downward Trend Early in the Session Before it Bounced Higher and Settled in Positive Territory

Recap:  The oil market on Tuesday continued on its downward trend early in the session before it bounced higher and settled in positive territory. The market traded mostly sideways in […]

May NYMEX Natural Gas Futures Contract Closed at $2.275 on Monday, April 17th

By spragueoperati | April 18, 2023 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.275 on Monday, April 17th

Monday, April 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.263, fifteen cents above Friday’s closing price of $2.114. Recording the intraday high of $2.314 by 9:30AM, […]

The Oil Market on Monday Breached the Trading Range Seen in the Last Few Days

By spragueoperati | April 18, 2023 | Comments Off on The Oil Market on Monday Breached the Trading Range Seen in the Last Few Days

Recap:  The oil market on Monday breached the trading range seen in the last few days and ended the session lower after its stochastics crossed to the downside on Friday. […]