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Oil prices fell more than 3% on Monday

By spragueoperati | October 27, 2020 | Comments Off on Oil prices fell more than 3% on Monday

Recap: Oil prices fell more than 3% on Monday as the market continued to be weighed down by both fundamental and technical factors. The bearish news of COVID cases continuing […]

Sprague Resources LP Announces Cash Distribution for the Third Quarter of 2020 and Earnings Conference Call Schedule

By spragueoperati | October 26, 2020 | Comments Off on Sprague Resources LP Announces Cash Distribution for the Third Quarter of 2020 and Earnings Conference Call Schedule

Sprague announces a cash distribution of $0.6675 per unit PORTSMOUTH, N.H., Oct. 26, 2020 (GLOBE NEWSWIRE) — Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that the Board of Directors […]

Oil prices moved lower as Libya lifted its force majeure on oil exports

By spragueoperati | October 26, 2020 | Comments Off on Oil prices moved lower as Libya lifted its force majeure on oil exports

Recap: Oil prices crept lower on Friday, as Libya lifted its force majeure on oil exports, as its output continues to increase. This, plus the number of coronavirus cases surging […]

November NYMEX Natural Gas Futures Contract Closed at $2.971 on Friday, October 23rd

By spragueoperati | October 26, 2020 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.971 on Friday, October 23rd

Friday, October 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $3.001, just below Thursday’s closing price $3.007.  Peaking at an intraday high of $3.005 minutes after the […]

Oil prices ended higher on the possibility of an economic stimulus packages

By spragueoperati | October 23, 2020 | Comments Off on Oil prices ended higher on the possibility of an economic stimulus packages

Recap: Oil futures ended higher on Thursday, encouraged by a drop in U.S. weekly jobless claims and the possibility of an economic stimulus package, but prices struggled to recover from […]

November NYMEX Natural Gas Futures Contract Closed at $3.007 on Thursday, October 22nd

By spragueoperati | October 23, 2020 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $3.007 on Thursday, October 22nd

Thursday, October 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $3.004, two cents below Wednesday’s closing price $3.023.  Falling to $2.988 soon after the opening bell, prices […]

November NYMEX Natural Gas Futures Contract Closed at $3.023 on Wednesday, October 21st

By spragueoperati | October 22, 2020 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $3.023 on Wednesday, October 21st

Wednesday, October 21st saw the front-month NYMEX Natural Gas Futures Contract open at $3.030, twelve cents above Tuesday’s closing price $2.913.  Eclipsing the $3.00 level for this first time in […]

The EIA showed that overall products supplied remained down 13% on the year

By spragueoperati | October 22, 2020 | Comments Off on The EIA showed that overall products supplied remained down 13% on the year

Recap: Oil futures declined on Wednesday after the EIA showed that overall products supplied, a proxy for demand, remained down 13% on the year and over the past four weeks […]

November NYMEX Natural Gas Futures Contract Closed at $2.913 on Tuesday, October 20th

By spragueoperati | October 21, 2020 | Comments Off on November NYMEX Natural Gas Futures Contract Closed at $2.913 on Tuesday, October 20th

Tuesday, October 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.900, eleven cents below Monday’s closing price $2.795.  Ascending to a 21-month intraday high of $2.950 at […]

Prices found support from expectations for a weekly drop in U.S. crude oil inventories

By spragueoperati | October 21, 2020 | Comments Off on Prices found support from expectations for a weekly drop in U.S. crude oil inventories

Recap: Oil prices erased early losses, to close near session highs, on hopes that the U.S. would reach a stimulus deal. Prices also found support from expectations for a weekly […]