Spragueenergy

Thursday, September 10th saw the front-month NYMEX Natural Gas contract open at $2.774, $0.048 below Wednesday’s closing price of $2.822. Trending lower overnight as traders looked to easing demand as we move deeper into September, prices were hovering near $2.780 ahead of the weekly publication. Slipping to an intraday low of $2.753 as the bearish report hit the wire, the co...

Recap: The oil market surged higher on Thursday amid the intensifying conflict in the Middle East. The WTI crude market breached the $100 level for the first time since May 21st following the news that Iran-aligned Houthis seized control of Yemen’s port of Mocha on Thursday, increasing a threat to oil flows through the Red Sea as they gain further leverage ov...

Recap: The oil market continued to surge as escalating attacks across the Middle East increased concerns over disruptions to oil supplies from the region. In a further escalation to the war in the Middle East, U.S. forces struck five Iranian oil tankers and Iran targeted a U.S. base in Jordan and attacked 10 ships. Iran’s Revolutionary Guards said they would ...

Wednesday, September 9th saw the front-month NYMEX Natural Gas contract open at $2.853, $0.063 below Tuesday’s closing price of $2.916. Down overnight as shoulder season conditions take hold, prices rose to an intraday high of $2.890 at 10:45AM. Giving way to additional selling soon thereafter, traders looked past steady LNG demand and the impending bullish storage injection ...

Tuesday, September 8th saw the front-month NYMEX Natural Gas contract open at $2.955, $0.020 below Friday’s closing price of $2.975. Recording the intraday high of $2.979 by 9:05AM, prices then arced gradually lower into the morning as traders focus on the impending shoulder season and fading cooling demand. Marking the intraday low of $2.863 at 12:25PM, the contract mounted ...