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Regulatory Matters – Second Quarter 2024

By Emily Beckett | July 22, 2024 | Comments Off on Regulatory Matters – Second Quarter 2024
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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 […]

The U.S. Dollar Index Rose Following Stronger Than Expected Data on the U.S. Labor Market

By Emily Beckett | July 22, 2024 | Comments Off on The U.S. Dollar Index Rose Following Stronger Than Expected Data on the U.S. Labor Market
Sprague Energy renewable diesel truck with overlay text reading 'Refined Products MarketWatch' in bold white font, framed by a red rectangle on a blue-toned background.

Recap:  The oil market on Friday sold off more than 3% on renewed hopes of a ceasefire in Gaza. The market was also pressured by a strong dollar and concerns […]

August NYMEX Natural Gas Futures Contract Closed at $2.128 on Friday, July 19th

By Emily Beckett | July 22, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.128 on Friday, July 19th
Commercial kitchen scene with chefs preparing food, overlaid with the text 'Natural Gas MarketWatch' in bold white font, framed by a red rectangle on a blue-toned background.

Friday, July 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.076, five cents below Thursday’s closing price of $2.125. Recording the intraday high of $2.064 within minutes […]

API & EIA Reports Show Larger Than Expected Draws in Crude Stocks

By spragueoperati | July 19, 2024 | Comments Off on API & EIA Reports Show Larger Than Expected Draws in Crude Stocks
Smiling man in a cap and vest stands near a fuel tanker truck with overlay text reading 'Refined Products MarketWatch' in bold white font, framed by a red rectangle on a blue-toned background.

Recap:  The oil market continued to trade within its recent trading range as it weighed the supportive API and EIA reports showing larger than expected draws in crude stocks against […]

August NYMEX Natural Gas Futures Contract Closed at $2.125 on Thursday, July 18th

By spragueoperati | July 19, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.125 on Thursday, July 18th
Close-up of a blue flame on a natural gas stove burner with overlay text reading 'Natural Gas MarketWatch' in bold white font, framed by a red rectangle.

Thursday, July 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.077, four cents above Wednesday’s closing price of $2.035. Continuing its pre-opening ascent to trade near $2.095 […]

The Oil Market Rallied Higher on Wednesday in Light of the Larger Than Expected Fall in U.S. Crude Oil Stocks

By spragueoperati | July 18, 2024 | Comments Off on The Oil Market Rallied Higher on Wednesday in Light of the Larger Than Expected Fall in U.S. Crude Oil Stocks

Recap:  The oil market rallied higher on Wednesday in light of the larger than expected fall in U.S. crude oil stocks and a weaker U.S. dollar offsetting any pressure from […]

August NYMEX Natural Gas Futures Contract Closed at $2.035 on Wednesday, July 17th

By spragueoperati | July 18, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.035 on Wednesday, July 17th
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Wednesday, July 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.174, a penny below Tuesday’s closing price of $2.188. Recording the intraday high as markets opened, prices […]

The Oil Market Continued to Trend Lower for the Third Consecutive Session

By spragueoperati | July 17, 2024 | Comments Off on The Oil Market Continued to Trend Lower for the Third Consecutive Session
Man in a cap and denim jacket uses a smartphone and tablet in front of a white fuel truck, with overlay text reading 'Refined Products MarketWatch' in bold white font framed by a red rectangle.

Recap:  The oil market continued to trend lower for the third consecutive session as market sentiment was weighed by concerns over a slowing Chinese economy cutting oil demand. The market […]

August NYMEX Natural Gas Futures Contract Closed at $2.188 on Tuesday, July 16th

By spragueoperati | July 17, 2024 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.188 on Tuesday, July 16th
Commercial kitchen scene with chefs preparing food, overlaid with the text 'Natural Gas MarketWatch' in bold white font, framed by a red rectangle on a blue-toned background.

Tuesday, July 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.195, four cents above Monday’s closing price of $2.158. Clawing back some of the losses from the […]

Oil Prices Stall as Economic Worries Offset Supply Concerns and Refinery Shutdowns

By Emerson Doiron | July 16, 2024 | Comments Off on Oil Prices Stall as Economic Worries Offset Supply Concerns and Refinery Shutdowns
Industrial storage tanks at a fuel terminal with city skyline in the background, overlaid with the text 'Refined Products MarketWatch' in bold white font, framed by a red rectangle.

Recap:  The oil market traded mostly sideways as the market weighed concern over demand in China against supportive U.S. economic data reported last week and the continuing geopolitical tensions in […]