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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
Oil futures jumped as EIA reported drop in U.S. crude oil inventories
January 6, 2022
Recap: Oil futures jumped for the third straight session after the Energy Information Administration reported a 2.1 million barrel drop in U.S. crude oil inventories, marking the sixth straight weekly decline. Oil prices rose despite hefty builds in crude oil inventories held at ...
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Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $3.717 on Monday, January 4th
January 5, 2022
Tuesday, January 4th – saw the front-month NYMEX Natural Gas Futures Contract open at $3.903, nine cents above Monday’s closing price of $3.815. Tallying in the intraday high of $3.907 within minutes of the opening bell, the contract moved lower to trade along either side of $3.7 ...
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Market Insights
Heating Oil
Gasoline
Crude
OPEC+ agreed to revive more halted production as the outlook for global oil markets improved
January 5, 2022
Recap: Oil futures extended gains made on the first trading day of the year, as OPEC+ agreed to revive more halted production as the outlook for global oil markets improved, with demand largely withstanding the omicron variant of coronavirus. Global fuel consumption has been on t ...
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Heating Oil
Gasoline
Crude
Oil prices jumped 1% on the first day of trading of the new year
January 4, 2022
Recap: Oil futures ended higher on Monday, supported by tight supply, a strong U.S. dollar and hopes of a further demand recovery in 2022, despite OPEC+ looking set to agree to another output increase and persistent concerns about how rising COVID infections might affect demand. ...
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Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $3.561 on Thursday, December 30th
December 31, 2021
Thursday, December 30th – saw the front-month NYMEX Natural Gas Futures Contract open at of $3.754, almost thirty cents below Wednesday’s closing price of $4.055. February’s contract price would fall throughout the day, with periods of consolidation between the quick drops. Price ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil futures settled higher on Thursday
December 31, 2021
Recap: Oil futures settled higher on Thursday as concerns about the impact the omicron variant will have on the global economy begin to wane and on signs of falling inventories helped to support year-end buying. Oil prices were lower on the opening as S&P Global Platts, citing re ...
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Heating Oil
Gasoline
Crude
Both Brent and WTI traded at their highest level in a month after the release of the EIA report
December 30, 2021
Recap: Oil futures steadied on Wednesday, after government data showed U.S. crude and fuel inventories fell last week, but concern that rising coronavirus cases might reduce demand weighed on prices. Both Brent and WTI traded at their highest level in a month after the release of ...
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Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $3.850 on Wednesday, December 29th
December 30, 2021
Wednesday, December 29th saw the front-month NYMEX Natural Gas Futures Contract open at $4.033, two cents below Wednesday’s closing price of $4.055. Prices would hit an intraday high of $4.041 minutes after open, around 9:40AM. Prices then dropped steadily until about 10:20AM, be ...
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Market Insights
Heating Oil
Gasoline
Crude
WTI gained for the fifth straight session
December 29, 2021
Recap: WTI gained for the fifth straight session, but fell from session highs, as investors placed bets that the omicron variant of coronavirus would have only limited impact on economic growth. Oil futures were up by almost 2% after the U.K. said that it would not impose any fur ...
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Natural Gas
Basis
NYMEX
January NYMEX Natural Gas Futures Contract Closed at $4.055 on Tuesday, December 28th
December 29, 2021
Tuesday, December 28th saw the front-month NYMEX Natural Gas Futures Contract open at $3.972, almost nine cents below Monday’s closing price of $4.060. Prices would drop to their intraday low of $3.955 minutes after open, around 9:40AM. For the second consecutive day, prices saw ...
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