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August NYMEX Natural Gas Futures Contract Closed at $7.264 on Tuesday, July 19th

By spragueoperati | July 20, 2022 | 0 Comments

Tuesday, July 19th saw the August NYMEX Natural Gas Futures Contract open at $7.277, twenty cents below Monday’s closing price of $7.479. Losing ground overnight as traders assess the latest […]

The Market Focus was More on Tight Supplies and a Weak U.S. Dollar than Fears of an Economic Slowdown

By spragueoperati | July 20, 2022 | 0 Comments

Recap: Oil futures traded higher on Tuesday, to trade at their highest level in two weeks as the market focus was more on tight supplies and a weak U.S. dollar […]

August NYMEX Natural Gas Futures Contract Closed at $7.479 on Monday, July 18th

By spragueoperati | July 19, 2022 | 0 Comments

Monday, July 18th saw the August NYMEX Natural Gas Futures Contract open at $7.248, five cents below Thursday’s closing price of $7.016. Marking the intraday low of $7.227 out of […]

Oil Futures Came Roaring Back on Monday, Adding to Last Week’s Come Back

By spragueoperati | July 19, 2022 | 0 Comments

Recap:  Oil futures came roaring back on Monday, adding to last week’s come back, as continued physical tightness overshadowed thoughts of demand destruction and as the U.S. dollar weakened. Market […]

August NYMEX Natural Gas Futures Contract Closed at $7.016 on Friday, July 15th

By spragueoperati | July 18, 2022 | 0 Comments

Friday, July 15th saw the August NYMEX Natural Gas Futures Contract open at $6.550, five cents below Thursday’s closing price of $6.600. Marking the intraday low of $6.513 within minutes […]

U.S. Official Told Reuters that an Immediate Saudi Oil Output Boost was not Expected

By spragueoperati | July 18, 2022 | 0 Comments

Recap:  Oil futures ended the session up 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question […]

August NYMEX Natural Gas Futures Contract Closed at $6.600 on Thursday, July 14th

By spragueoperati | July 15, 2022 | 0 Comments

Thursday, July 14th saw the August NYMEX Natural Gas Futures Contract open at $6.847, sixteen cents above Wednesday’s closing price of $6.689. Seeking direction as the contract fluctuated within a […]

The Potential for a Large U.S. Rate Hike Pummeled Crude Oil Prices

By spragueoperati | July 15, 2022 | 0 Comments

Recap:  The potential for a large U.S. rate hike pummeled crude oil prices to their level since the Russian invasion of Ukraine. Both contracts hit lows on Thursday which were […]

August NYMEX Natural Gas Futures Contract Closed at $6.689 on Wednesday, July 13th

By spragueoperati | July 14, 2022 | 0 Comments

Wednesday, July 13th saw the August NYMEX Natural Gas Futures Contract open at $6.516, 35 cents above Tuesday’s closing price of $6.163. Trailing downward to mark an intraday low of […]

Oil Prices Erased Earlier Declines, Jumping to Fresh Session Highs

By spragueoperati | July 14, 2022 | 0 Comments

Recap:  Oil prices erased earlier declines, jumping to fresh session highs after a weekly EIA report seen as bearish, although another large release of government reserves of crude-oil played a […]