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Stay current on the latest announcements and news from Sprague - including press releases, product spec sheets, and case studies.
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Extended its Rally for a Second Day on Thursday on Concerns Over Market Tightness
February 11, 2022
Recap: The oil market extended its rally for a second day on Thursday on concerns over market tightness. In its monthly report OPEC said that world oil demand may increase more this year as the global economy sees a strong recovery from the pandemic. The market was also supporte ...
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Natural Gas
Basis
NYMEX
March NYMEX Natural Gas Futures Contract Closed at $4.009 on Wednesday, February 9th
February 10, 2022
Wednesday, February 9th saw the front-month NYMEX Natural Gas Futures Contract open at of $4.051, twenty cents below Tuesday’s closing price of $4.248. Reaching the intraday high of $4.064 ahead of 10:00AM, updated weather forecasts showing a reduction to expected heating demand ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Erased its Earlier Gains, as the Prospect of Increased Supply From Iran Pressured the Market
February 10, 2022
Recap: The oil market erased its earlier gains, as the prospect of increased supply from Iran pressured the market. The market continued on its downward trend after the U.S. resumed indirect talks with Iran to revive the nuclear deal on Tuesday. Analysts believe an agreement co ...
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Natural Gas
Basis
NYMEX
March NYMEX Natural Gas Futures Contract Closed at $4.248 on Tuesday, February 8th
February 9, 2022
Tuesday, February 8th saw the front-month NYMEX Natural Gas Futures Contract open at of $4.316, eight cents above Monday’s closing price of $4.232. In a quiet day, following the past few days of volatility, the contract traded within a ten-cent range of $4.310 through the morning ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Futures Fell Significantly on Tuesday as Traders Weighed the Risks to the Market's Recent Rally
February 9, 2022
Recap: Oil futures fell significantly on Tuesday as traders weighed the risks to the market’s recent rally, including a potential de-escalation in tension over Ukraine and the resumption of Iran nuclear talks. Oil prices slipped as much as 3%. The focus was on geopolitical risks ...
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Market Insights
Natural Gas
Basis
NYMEX
March NYMEX Natural Gas Futures Contract Closed at $4.232 on Monday, February 7th
February 8, 2022
Monday, February 7th saw the front-month NYMEX Natural Gas Futures Contract open at of $4.356, twenty-two cents below Friday’s closing price of $4.572. Marking the intraday high of $4.371 soon after the opening bell, the March contract fell back to Earth on Monday as forecasts ha ...
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Market Insights
Heating Oil
Gasoline
Crude
On Monday, the Oil Market Posted an Inside Trading Day as Concerns Over Tight Supply Were Offset
February 8, 2022
Recap: On Monday, the oil market posted an inside trading day as concerns over tight supply were offset by signs of progress in nuclear talks between the U.S. and Iran after the market rallied for a seventh week last week. U.S. President Joe Biden’s administration restored sanct ...
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Market Insights
Natural Gas
Basis
NYMEX
March NYMEX Natural Gas Futures Contract Closed at $4.572 on Friday, February 4th
February 7, 2022
Friday, February 4th saw the front-month NYMEX Natural Gas Futures Contract open at $4.774, eleven cents below Thursday’s closing price of $4.888. Ascending to an intraday high of $4.905 at 10:00AM, the contract then moved decidedly lower as short-term forecasts turned mild in pa ...
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Market Insights
Heating Oil
Gasoline
Crude
The Rally in Oil Futures Deepened on Friday, with Both Blends Pulling Away From the $90 Mark
February 7, 2022
Recap: The rally in oil futures deepened on Friday, with both blends pulling away from the $90 mark, as a harsh winter storm raged in the U.S., piling onto a myriad of supply worries. About 350,000 homes and businesses in states such as Tennessee, Arkansas and Texas were without ...
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Market Insights
Natural Gas
Basis
NYMEX
March NYMEX Natural Gas Futures Contract Closed at $4.888 on Thursday, February 3rd
February 4, 2022
Thursday, February 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $4.937, fifty-six cents below Wednesday’s closing price of $5.501. Falling to an intraday low of $4.816 by 9:15AM, prices recovered to trade near $5.020 ahead of the weekly storage release. Tren ...
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