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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.

Oil futures rose to their highest level in 10-months

By spragueoperati | January 7, 2021 | Comments Off on Oil futures rose to their highest level in 10-months

Recap: Oil futures rose to their highest level in 10-months, after Saudi Arabia announced that it would voluntarily cut output, and as U.S. crude oil inventories fell for the fourth […]

February NYMEX Natural Gas Futures Contract Closed at $2.702 on Tuesday, January 5th

By spragueoperati | January 6, 2021 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.702 on Tuesday, January 5th

Tuesday, January 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.682, ten cents above Monday’s closing price of $2.581.  Following overnight gains, as the possibility for coolers […]

OPEC and its allies agreed to roll over current production cuts into February

By spragueoperati | January 6, 2021 | Comments Off on OPEC and its allies agreed to roll over current production cuts into February

Recap: Oil futures bounced back on Tuesday, with WTI trading above $50 a barrel for the first time since February, as OPEC and its allies agreed to roll over current production […]

February NYMEX Natural Gas Futures Contract Closed at $2.581 on Monday, January 4th

By spragueoperati | January 5, 2021 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.581 on Monday, January 4th

Monday, January 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.659, twelve cents above Thursday’s closing price of 2.539.  Reaching to an intraday high of $2.669 soon […]

OPEC+ could not reach an agreement on Monday as to whether or not to increase output in February

By spragueoperati | January 5, 2021 | Comments Off on OPEC+ could not reach an agreement on Monday as to whether or not to increase output in February

Recap: After rising to multi-month highs, crude oil prices slipped to finish the first trading day of the year 1% lower on the day after OPEC+ could not reach an […]

February NYMEX Natural Gas Futures Contract Closed at $2.539 on Thursday, December 31st

By spragueoperati | January 4, 2021 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.539 on Thursday, December 31st

Thursday, December 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.500, eight cents above Wednesday’s closing price of $2.422.  Trending lower to reach $2.460 ahead of the […]

Both Brent and WTI have more than doubled from April’s record lows

By spragueoperati | January 4, 2021 | Comments Off on Both Brent and WTI have more than doubled from April’s record lows

Recap: The last day of trading for crude oil futures was a choppy one, with both benchmarks posting modest session gains. Thursday’s session culminates what was a chaotic year, as […]

Oil futures gained traction for the second straight session

By spragueoperati | December 31, 2020 | Comments Off on Oil futures gained traction for the second straight session

Recap: Oil futures gained traction for the second straight session, supported by a larger than expected draw in U.S. crude oil inventories and the roll out of coronavirus vaccines. However, […]

February NYMEX Natural Gas Futures Contract Closed at $2.444 on Tuesday, December 29th

By spragueoperati | December 30, 2020 | Comments Off on February NYMEX Natural Gas Futures Contract Closed at $2.444 on Tuesday, December 29th

Tuesday, December 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.377. Prices would increase from that point, as the February contract’s $2.377 opening price was also the […]

Oil futures climbed on Tuesday in a lightly traded market

By spragueoperati | December 30, 2020 | Comments Off on Oil futures climbed on Tuesday in a lightly traded market

Recap: Oil futures climbed on Tuesday in a lightly traded market, as traders grew more optimistic over another round of economic stimulus by U.S. law makers, which may help boost […]