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A white fuel tanker truck with the Sprague logo and the slogan "Energy Makes the Difference" displayed prominently on the side. The truck is parked outdoors under a clear sky.

The oil market posted an outside trading day for the second consecutive day

By spragueoperati | April 12, 2023 | Comments Off on The oil market posted an outside trading day for the second consecutive day

Recap: On Tuesday, the oil market posted an outside trading day for the second consecutive day as Chinese inflation data suggested persistent demand weakness, while a softer dollar and hopes […]

May NYMEX Natural Gas Futures Contract Closed at $2.172 on Monday, April 10th

By spragueoperati | April 11, 2023 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.172 on Monday, April 10th

Monday, April 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.131, twelve cents above Thursday’s closing price of $2.011. Markets were closed on Friday April 7th in […]

Looming Supply cuts from Saudi Arabia and Other OPEC+ Producers Offset Concern about Weakening Global Growth

By spragueoperati | April 11, 2023 | Comments Off on Looming Supply cuts from Saudi Arabia and Other OPEC+ Producers Offset Concern about Weakening Global Growth

Recap:  On Monday, the oil market continued to trend sideways following the long Easter holiday weekend as it continued to trade within last Tuesday’s trading range from $79.61 to $81.81. […]

The Oil Market Held Steady as it Continued to Trade Within Tuesday’s Trading Range Ahead of the Long Easter Holiday Weekend

By spragueoperati | April 10, 2023 | Comments Off on The Oil Market Held Steady as it Continued to Trade Within Tuesday’s Trading Range Ahead of the Long Easter Holiday Weekend

Recap:  The oil market held steady as it continued to trade within Tuesday's trading range ahead of the long Easter holiday weekend. The market posted a third weekly gain as […]

May NYMEX Natural Gas Futures Contract Closed at $2.011 on Thursday, April 6th

By spragueoperati | April 7, 2023 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.011 on Thursday, April 6th

Thursday, April 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.136, two cents below Wednesday’s closing price of $2.155. Recording the intraday high of $2.138 at 9:30AM, […]

May NYMEX Natural Gas Futures Contract Closed at $2.155 on Wednesday, April 5th

By spragueoperati | April 6, 2023 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.155 on Wednesday, April 5th

Wednesday, April 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.150, four cents above Tuesday’s closing price of $2.106. Achieving the intraday high of $2.197 ahead of […]

The Market Weighed Economic Concerns Against Plans by OPEC+ Producers to Cut Their Output

By spragueoperati | April 6, 2023 | Comments Off on The Market Weighed Economic Concerns Against Plans by OPEC+ Producers to Cut Their Output

Recap:  The oil market posted an inside trading day as it failed to breach its previous trading range. The market weighed economic concerns against plans by OPEC+ producers to cut […]

May NYMEX Natural Gas Futures Contract Closed at $2.106 on Tuesday, April 4th

By spragueoperati | April 5, 2023 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.106 on Tuesday, April 4th

Tuesday, April 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.129, three cents above Monday’s closing price of $2.097. Tallying the intraday high of $2.135 within minutes […]

The Market Weighed the OPEC+ Production Cut Against Weak Economic Data

By spragueoperati | April 5, 2023 | Comments Off on The Market Weighed the OPEC+ Production Cut Against Weak Economic Data

Recap: The oil market on Tuesday ended the session mostly sideway as the market weighed the OPEC+ production cut against weak economic data. In overnight trading, the market extended its […]

May NYMEX Natural Gas Futures Contract Closed at $2.097 on Monday, April 3rd

By spragueoperati | April 4, 2023 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.097 on Monday, April 3rd

Monday, April 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.113, ten cents below Friday’s closing price of $2.216. Ascending to the intraday high of $2.160 by […]