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The Rally in Oil Prices Came to a Halt on Thursday After the EIA Reported an Almost 6 Million Barrel Increase in U.S. Gasoline Stocks

January 21, 2022
Recap: The rally in oil prices came to a halt on Thursday after the EIA reported an almost 6 million barrel increase in U.S. gasoline stocks, which bulls in the market insisted will not be a rally-killer in a market focused on global demand and supply disruptions. Over the past t ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $4.031 on Wednesday, January 19th

January 20, 2022
Wednesday, January 19th – saw the front-month NYMEX Natural Gas Futures Contract open at $4.301, two cents above Tuesday’s closing price of $4.283. Peaking early on at an intraday high of $4.337, the contract then tumbled lower despite the widespread cold that will cover the coun ... Read More

Oil Futures Climbed Again on Wednesday to Settle at Their Highest Level in More Than Seven Years

January 20, 2022
Recap: Oil futures climbed again on Wednesday to settle at their highest level in more than seven years, after a pipeline fire temporarily disrupted crude flows from Iraq to Turkey and the International Energy Agency raised its forecast for 2022 demand. Supply concerns also mount ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $4.283 on Tuesday, January 18th

January 19, 2022
Tuesday, January 18th – saw the front-month NYMEX Natural Gas Futures Contract open at $4.305, four cents above Friday’s closing price of $4.262. Trading gradually higher in the morning hours to tally an intraday high of $4.358 at 11:30AM, the contract then trended lower. After m ... Read More

Oil Futures Rose on Tuesday, Climbing to Their Highest Level Since 2014

January 19, 2022
Recap: Oil futures rose on Tuesday, climbing to their highest level since 2014 as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Both Brent and WTI rose to their highest level since October 2014, with Brent hitting a session ... Read More
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Sprague's Charitable Giving Program Donates $100,000 and Launches Online Form for Funding Requests

January 18, 2022
Local Energy Company Donates $100,000, Launches Online Form for Funding Requests  Portsmouth, NH – Sprague Operating Resources LLC, (“Sprague”), headquartered in Portsmouth, New Hampshire, donates more than $100,000 annually benefitting dozens of organizations throughout its foo ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $4.262 on Friday, January 14th

January 17, 2022
Friday, January 14th – saw the front-month NYMEX Natural Gas Futures Contract open at $4.174, ten cents below Thursday’s closing price of $4.270. Touching down to an intraday low of $4.140 at 9:10AM, the contract posted a staggered ascent throughout the day as short-term cold bla ... Read More

Oil Futures Rose on Friday, Gaining Support from Tightening Supplies

January 17, 2022
Recap: Oil futures rose on Friday, gaining support from tightening supplies and worries of a Russian attack on neighboring Ukraine, pushing prices to their fourth weekly gain despite sources saying China is set to release crude reserves around the Lunar New Year. A weaker U.S. do ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $4.270 on Thursday, January 14th

January 14, 2022
Thursday, January 13th – saw the front-month NYMEX Natural Gas Futures Contract open at $4.593, twenty-six cents below Wednesday’s closing price of $4.857.  Reaching an intraday high of $4.601 within minutes of the opening bell, the contract posted a staggered descent to trade ne ... Read More

Oil Futures Ended Lower on Thursday, Putting a Break on the Rise in Prices

January 14, 2022
Recap: Oil futures ended lower on Thursday, putting a break on the rise in prices that began at the unset of the new year. Prices were on the rise as investors placed bets that demand would not be hindered by the spread of the Omicron variant of coronavirus while economic growth ... Read More
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