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February NYMEX Natural Gas Futures Contracts Closed at $3.631 on Monday, January 29th

By spragueoperati | January 30, 2018 | Comments Off on February NYMEX Natural Gas Futures Contracts Closed at $3.631 on Monday, January 29th

On Monday, January 29th – settlement day for the February Contract – the front-month NYMEX Natural Gas Futures Contracts opened at $3.379, thirteen cents below Friday’s closing price of $3.505.  […]

The market remained weighed down by an increase in the number of rigs searching for oil in the US

By spragueoperati | January 30, 2018 | Comments Off on The market remained weighed down by an increase in the number of rigs searching for oil in the US

Recap: The oil market traded higher on the opening and rallied to a high of $66.46 in overnight trading after the market breached its previous high.  However, the market erased its […]

The dissipation of cold weather that has been plaguing the U.S. could lead to a free fall in prices

By spragueoperati | January 29, 2018 | Comments Off on The dissipation of cold weather that has been plaguing the U.S. could lead to a free fall in prices

Recap: Oil prices retreated from three year highs on Friday, but finished the session with posted gains, as the dollar weakened and the U.S. rig rose. Oil prices settled at their […]

February NYMEX Natural Gas Futures Contracts Closed at $3.505 on Friday, January 26th

By spragueoperati | January 29, 2018 | Comments Off on February NYMEX Natural Gas Futures Contracts Closed at $3.505 on Friday, January 26th

Friday, January 26th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.466, two cents above Thursday’s closing price of $3.447.  Stepping higher to reach above $3.540 ahead of […]

Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2017 and Earnings Conference Call Schedule

By spragueoperati | January 26, 2018 | Comments Off on Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2017 and Earnings Conference Call Schedule

Sprague increases cash distribution from $0.6225 to $0.6375 per unit  Portsmouth, NH (January 26, 2018) – Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that the Board of Directors of […]

Oil prices moved to their highest level in more than 3 years

By spragueoperati | January 26, 2018 | Comments Off on Oil prices moved to their highest level in more than 3 years

Recap: Oil prices climbed to their highest level in more than 3-years, but remarks about the U.S. dollar by President Trump pushed the dollar higher, which in turn pressured oil prices. […]

February NYMEX Natural Gas Futures Contracts Closed at $3.447 on Thursday, January 25th

By spragueoperati | January 26, 2018 | Comments Off on February NYMEX Natural Gas Futures Contracts Closed at $3.447 on Thursday, January 25th

Thursday, January 25th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.547, four cents above Wednesday’s closing price of $3.509.  Tallying the intraday high of $3.552 as markets […]

Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2017 and Earnings Conference Call Schedule

By spragueoperati | January 26, 2018 | Comments Off on Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2017 and Earnings Conference Call Schedule

 Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2017 and Earnings Conference Call Schedule Sprague increases cash distribution from $0.6225 to $0.6375 per unit Portsmouth, NH (January […]

EIA report indicated US crude oil inventories fell for the 10th straight week

By spragueoperati | January 25, 2018 | Comments Off on EIA report indicated US crude oil inventories fell for the 10th straight week

Recap: Oil prices extended their gains after the EIA report indicated U.S. crude oil inventories fell for the 10th straight week, the longest streak of losses recorded. According to the report, […]

Expectations of another draw in US crude oil stocks pushed WTI to its highest level since December of 2014

By spragueoperati | January 24, 2018 | Comments Off on Expectations of another draw in US crude oil stocks pushed WTI to its highest level since December of 2014

Recap: Oil prices opened the session above unchanged then proceeded to move sideways in overnight trading. A daybreak dip failed to reach $63.48, the 10-day moving average for WTI, spurring […]