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EIA report showed an 8 million barrel increase in U.S. crude oil inventories

By spragueoperati | January 28, 2019 | Comments Off on EIA report showed an 8 million barrel increase in U.S. crude oil inventories

Recap: Oil prices continued to rise on Friday, supported by the possibility of U.S. sanctions against Venezuela. Political turmoil in Venezuela has heightened concern of supply shortages, which overshadowed Thursday’s […]

Traders reacted to the 8 million barrel build in U.S. crude oil inventories

By spragueoperati | January 25, 2019 | Comments Off on Traders reacted to the 8 million barrel build in U.S. crude oil inventories

Recap: Oil prices were mixed on Thursday, with U.S. oil trading higher for most of the session, while Brent was held under pressure, as traders reacted to the 8 million […]

February NYMEX Natural Gas Futures Contracts Closed at $3.099 on Thursday, January 24th

By spragueoperati | January 25, 2019 | Comments Off on February NYMEX Natural Gas Futures Contracts Closed at $3.099 on Thursday, January 24th

Thursday, January 24th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.101, twelve cents above Wednesday’s closing price of $2.980.  Bouncing back from the previous session’s selloff, prices […]

Crude oil prices were pushed lower for the second straight session

By spragueoperati | January 24, 2019 | Comments Off on Crude oil prices were pushed lower for the second straight session

Recap: Concern over a slowing global economy overshadowed expectations that U.S. crude oil supplies fell last week, pushing crude oil prices lower for the second straight session. In early trading, […]

February NYMEX Natural Gas Futures Contracts Closed at $2.980 on Wednesday, January 23rd

By spragueoperati | January 24, 2019 | Comments Off on February NYMEX Natural Gas Futures Contracts Closed at $2.980 on Wednesday, January 23rd

Wednesday, January 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $3.127, nine cents below Tuesday’s closing price of $3.040.  Marking the intraday high of $3.149 by 9:10AM, […]

Sprague Resources LP Provides Updated Guidance Announces Cash Distribution for the Fourth Quarter of 2018 and Fourth Quarter Earnings Conference Call Schedule

By spragueoperati | January 23, 2019 | Comments Off on Sprague Resources LP Provides Updated Guidance Announces Cash Distribution for the Fourth Quarter of 2018 and Fourth Quarter Earnings Conference Call Schedule

Oil prices fell by as much as 3.7 percent on Tuesday

By spragueoperati | January 23, 2019 | Comments Off on Oil prices fell by as much as 3.7 percent on Tuesday

Recap: Oil prices fell by as much as 3.7 percent on Tuesday, as concern over a slowing global economy stepped to the forefront. On Monday, oil prices were slightly higher, […]

February NYMEX Natural Gas Futures Contracts Closed at $3.040 on Tuesday, January 22nd

By spragueoperati | January 23, 2019 | Comments Off on February NYMEX Natural Gas Futures Contracts Closed at $3.040 on Tuesday, January 22nd

Tuesday, January 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $3.184, nearly thirty cents below Friday’s closing price of $3.482.  With a temporary thaw giving bears a […]

IIR Energy reported that US oil refiners are expected to shut in 1.1 million bpd of capacity in the week ending January 25th

By spragueoperati | January 22, 2019 | Comments Off on IIR Energy reported that US oil refiners are expected to shut in 1.1 million bpd of capacity in the week ending January 25th

Recap: Due to the Martin Luther King, Jr. holiday there are no settlements for Monday, January 21st.  Fundamental News: Oil exports from southern Iraq are holding close to a record […]

The oil market was supported by reports of declining OPEC production

By spragueoperati | January 21, 2019 | Comments Off on The oil market was supported by reports of declining OPEC production

Recap: The oil market traded higher on Friday, supported by reports of declining OPEC production and hopes for a resolution to the US-China trade dispute.  The crude market opened 16 […]