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Regulatory Matters – First Quarter 2022

By spragueoperati | April 21, 2022 | Comments Off on Regulatory Matters – First Quarter 2022

Sprague Regulatory Matters is provided as a courtesy to our customers. Please note that the information contained in Sprague Regulatory Matters is for informational purposes only and should not be […]

Wednesday’s Concerns Over Tighter Supplies Due to Sanctions Against Russia and the Whopping 8 Million Barrel Drop in U.S. Crude Oil Inventories Overshadowed Tuesday’s Worries About Energy Demand

By spragueoperati | April 21, 2022 | Comments Off on Wednesday’s Concerns Over Tighter Supplies Due to Sanctions Against Russia and the Whopping 8 Million Barrel Drop in U.S. Crude Oil Inventories Overshadowed Tuesday’s Worries About Energy Demand

Recap:  Wednesday’s concerns over tighter supplies due to sanctions against Russia and the whopping 8 million barrel drop in U.S. crude oil inventories overshadowed Tuesday’s worries about energy demand after […]

May NYMEX Natural Gas Futures Contract Closed at $7.176 on Tuesday, April 19th

By spragueoperati | April 20, 2022 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $7.176 on Tuesday, April 19th

Tuesday, April 19th saw the May NYMEX Natural Gas Futures Contract open at $7.378, forty-four cents below Monday’s closing price of $7.820. Prices would quickly rise to the intraday high […]

Oil Futures Sold Off on Tuesday, with Front Month Contracts Falling 5%, After the IMF Reduced its Economic Growth Forecast

By spragueoperati | April 20, 2022 | Comments Off on Oil Futures Sold Off on Tuesday, with Front Month Contracts Falling 5%, After the IMF Reduced its Economic Growth Forecast

Recap: Oil futures sold off on Tuesday, with front month contracts falling 5%, after the IMF reduced its economic growth forecast and warned of higher inflation, and as the U.S. […]

May NYMEX Natural Gas Futures Contract Closed at $7.820 on Monday, April 18th

By spragueoperati | April 19, 2022 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $7.820 on Monday, April 18th

Monday, April 18th saw the May NYMEX Natural Gas Futures Contract open at of $7.594, thirty cents above Thursday’s closing price of $7.300. Markets were closed Friday 4/15 in observance […]

Ahead of Easter Weekend Holidays, Both Contracts Gained More Than 2.5% on Thursday on News That the European Union Might Phase In a Ban on Russian Oil Imports

By spragueoperati | April 19, 2022 | Comments Off on Ahead of Easter Weekend Holidays, Both Contracts Gained More Than 2.5% on Thursday on News That the European Union Might Phase In a Ban on Russian Oil Imports

Recap: At the onset of Monday’s trading session, oil futures were trading close to unchanged, but quickly turned higher as concerns grew about tighter global supplies, with the crisis in […]

Oil Futures Reversed Early Losses, Showing Signs of Underlying Strength, as They Rose to an Almost Two-Week High

By spragueoperati | April 18, 2022 | Comments Off on Oil Futures Reversed Early Losses, Showing Signs of Underlying Strength, as They Rose to an Almost Two-Week High

Recap: Oil futures reversed early losses, showing signs of underlying strength, as they rose to an almost two-week high. Oil prices traded lower on what appeared to be profit-taking, pushing […]

May NYMEX Natural Gas Futures Contract Closed at $7.300 on Thursday, April 14th

By spragueoperati | April 15, 2022 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $7.300 on Thursday, April 14th

Thursday, April 14th saw the May NYMEX Natural Gas Futures Contract open at of $7.021, two cents above Wednesday’s closing price of $6.997. Fluctuating along either side of $7.000 through […]

May NYMEX Natural Gas Futures Contract Closed at $6.997 on Wednesday, April 13th

By spragueoperati | April 14, 2022 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $6.997 on Wednesday, April 13th

Wednesday, April 13th saw the May NYMEX Natural Gas Futures Contract open at of $6.850, seventeen cents above Tuesday’s closing price of $6.680. Marking the intraday low of $6.753 by […]

Crude Oil Prices are Drawing Support Off of Russia’s Comments on Peace Talks as Russian Oil and Gas Condensate Production Falls Below 10 Million Barrels Per Day

By spragueoperati | April 14, 2022 | Comments Off on Crude Oil Prices are Drawing Support Off of Russia’s Comments on Peace Talks as Russian Oil and Gas Condensate Production Falls Below 10 Million Barrels Per Day

Recap: Oil futures were up by more than 3% in early trading on Wednesday as Moscow said peace talks with Ukraine had hit a dead end, fueling supply worries, while […]