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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 market traded higher on Friday despite energy companies shutting in production
August 30, 2021
Recap: The oil market on Friday continued to trend higher after it posted an inside trading day on Thursday. The market remained well supported as energy companies shut in production in the Gulf of Mexico ahead of Hurricane Ida, which was forecast to be at least a Category 3 or ...
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Natural Gas
Basis
NYMEX
September NYMEX Natural Gas Futures Contract Closed at $4.370 on Friday, August 27th
August 30, 2021
Friday, August 27th – settlement day for the September contract – saw the front-month NYMEX Natural Gas Futures Contract open at $4.374, nearly twenty cents above Thursday’s closing price of $4.184. The arrival of Hurricane Ida in the Gulf and possible threat to Natural Gas and O ...
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Oil market posted an inside trading day after three-day rally
August 27, 2021
Recap: The oil market on Thursday posted an inside trading day as it erased some of Wednesday’s gains and remained in negative territory for much of the day. Following a three-day rally, the market was pressured by renewed concerns over demand amid the rising COVID-19 cases and ...
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Market Insights
Natural Gas
Basis
NYMEX
September NYMEX Natural Gas Futures Contract Closed at $4.184 on Thursday, August 26th
August 27, 2021
Thursday, August 26th saw the front-month NYMEX Natural Gas Futures Contract open at $3.963, nearly seven cents above Wednesday’s closing price of $3.897. Marking an intraday low of $3.958 soon after the opening bell, prices rose to $3.955 ahead of the week storage publication, c ...
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Market Insights
Natural Gas
Basis
NYMEX
September NYMEX Natural Gas Futures Contract Closed at $3.897 on Wednesday, August 25th
August 26, 2021
Wednesday, August 25th saw the front-month NYMEX Natural Gas Futures Contract open at $3.905, a penny above Tuesday’s closing price of $3.896. Posting a steady climb to start the day, reaching an intraday high of $3.991 by 10:40AM, fundamentals remain unchanged from the previous ...
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Market Insights
Heating Oil
Gasoline
Crude
The EIA reported that the four week average of U.S. total product supplied increased to nearly 21 million bpd
August 26, 2021
Recap: On Wednesday, the oil market steadied following its sharp gains over the past couple of sessions on the news that Mexico was set to resume its shut in production following a major outage. Mexico’s Pemex reported overnight that it expected to resume its output by August 30 ...
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Market Insights
Natural Gas
Basis
NYMEX
September NYMEX Natural Gas Futures Contract Closed at $3.896 on Tuesday, August 24th
August 25, 2021
Tuesday, August 24th saw the front-month NYMEX Natural Gas Futures Contract open at $3.917, three cents below Monday’s closing price of $3.945. Attaining an intraday high of $3.944 by 9:20AM, the contract traded along either side of $3.910 for the majority of the day. Traders ar ...
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Market Insights
Heating Oil
Gasoline
Crude
The oil market rose almost 3% on Tuesday
August 25, 2021
Recap: The oil market extended Monday’s sharp gains as it rose almost 3% on Tuesday as concerns over diminishing demand eased following the FDA’s full approval of the Pfizer/BioNTech Covid-19 vaccine on Monday. Also, reports of China’s apparent success in curbing the spread of t ...
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Market Insights
Natural Gas
Basis
NYMEX
September NYMEX Natural Gas Futures Contract Closed at $3.945 on Monday, August 23rd
August 24, 2021
Monday, August 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $3.900, five cents above Friday’s closing price of $3.851. Trending lower to record an intraday low of $3.857 at 11:20AM, bullish weather forecasts are battling the changing of the seasons, as cool ...
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Market Insights
Heating Oil
Gasoline
Crude
The oil market rallied over 5% on Monday
August 24, 2021
Recap: On Monday, the oil market rallied over 5%, as the U.S. dollar weakened and the strength in the equities markets lent support to the oil complex following a seven-day losing streak. The oil market traded higher in tandem with the equities markets as investor concerns that ...
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