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The Oil Market Continued to Retrace its Previous Losses on Tuesday

By spragueoperati | February 8, 2023 | Comments Off on The Oil Market Continued to Retrace its Previous Losses on Tuesday

Recap: The oil market continued to retrace its previous losses on Tuesday, extending the gains seen on Monday after it posted a low not seen since December 12th. The market […]

March NYMEX Natural Gas Futures Contract Closed at $2.457 on Monday, February 6th

By spragueoperati | February 7, 2023 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.457 on Monday, February 6th

Monday, February 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.392 two cents below Friday’s closing price of $2.410. With arctic conditions giving way to mild temperatures […]

The Oil Market Traded Higher on Monday

By spragueoperati | February 7, 2023 | Comments Off on The Oil Market Traded Higher on Monday

Recap:  The oil market traded higher on Monday following some choppy trading earlier in the session as the market weighed a return in demand from China against supply concerns and […]

March NYMEX Natural Gas Futures Contract Closed at $2.410 on Friday, February 3rd

By spragueoperati | February 6, 2023 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.410 on Friday, February 3rd

Friday, February 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.446 seven cents above Thursday’s closing price of $2.456. Marking the intraday high of $2.457 within minutes […]

The Oil Market Looked Ready to Post an Inside Trading Day But Instead Posted an Outside Trading Day

By spragueoperati | February 6, 2023 | Comments Off on The Oil Market Looked Ready to Post an Inside Trading Day But Instead Posted an Outside Trading Day

Recap:   Early on Friday, the oil market looked ready to post an inside trading day but instead posted an outside trading day following a volatile session. The market traded sideways […]

March NYMEX Natural Gas Futures Contract Closed at $2.456 on Thursday, February 2nd

By spragueoperati | February 3, 2023 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.456 on Thursday, February 2nd

Thursday, February 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.536 seven cents above Wednesday’s closing price of $2.468. Trading within a narrow band along $2.530 leading up […]

Inventory Report Showing Builds Across the Board

By spragueoperati | February 3, 2023 | Comments Off on Inventory Report Showing Builds Across the Board

Recap:  The oil market continued on its downward trend on Thursday following Wednesday’s sell off on the inventory report showing builds across the board and the OPEC+ decision to leave its […]

March NYMEX Natural Gas Futures Contract Closed at $2.468 on Wednesday, February 1st

By spragueoperati | February 2, 2023 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.468 on Wednesday, February 1st

Wednesday, February 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.622 six cents below Tuesday’s closing price of $2.684. Reaching the intraday high of $2.637 near 9:30AM, […]

OPEC+’s Joint Ministerial Monitoring Committee Recommended Making No Changes to its Output Policy

By spragueoperati | February 2, 2023 | Comments Off on OPEC+’s Joint Ministerial Monitoring Committee Recommended Making No Changes to its Output Policy

Recap:  The oil market posted an outside trading day on Wednesday, trading to its high in overnight trading ahead of the OPEC+ meeting and EIA inventory report before it gave up […]

March NYMEX Natural Gas Futures Contract Closed at $2.684 on Tuesday, January 31st

By spragueoperati | February 1, 2023 | Comments Off on March NYMEX Natural Gas Futures Contract Closed at $2.684 on Tuesday, January 31st

Tuesday, January 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.634, four cents below Monday’s closing price of $2.677. Marking the intraday low of $2.614 within minutes […]