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Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2017 and Earnings Conference Call Schedule

January 26, 2018
 Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2017 and Earnings Conference Call Schedule Sprague increases cash distribution from $0.6225 to $0.6375 per unit Portsmouth, NH (January 26, 2018) - Sprague Resources LP (“Sprague”) (NYSE: SRLP) anno ... Read More
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EIA report indicated US crude oil inventories fell for the 10th straight week

January 25, 2018
Recap: Oil prices extended their gains after the EIA report indicated U.S. crude oil inventories fell for the 10th straight week, the longest streak of losses recorded. According to the report, stockpiles fell 1.1 million barrels, which was smaller than the expected 2 million bar ... Read More
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Expectations of another draw in US crude oil stocks pushed WTI to its highest level since December of 2014

January 24, 2018
Recap: Oil prices opened the session above unchanged then proceeded to move sideways in overnight trading. A daybreak dip failed to reach $63.48, the 10-day moving average for WTI, spurring technical buyers into action. This coupled with expectations of yet another draw in U.S. c ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.444 on Tuesday, January 23rd

January 24, 2018
Tuesday, January 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $3.348, twelve cents above Monday’s closing price of $3.224.  Expectations for an above average storage withdrawal for the week ended January 19th saw overnight gains continue into the morning a ... Read More

February NYMEX Natural Gas Futures Contracts Closed at $3.224 on Monday, January 22nd

January 23, 2018
Monday, January 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $3.219, three cents above Friday’s closing price of $3.185.  After posting gains overnight as traders focused on what’s likely to be a healthy storage withdrawal for the week ending January 19th, ... Read More

Philadelphia Energy Solutions LLC is filing for bankruptcy on its South Philadelphia oil refinery complex

January 23, 2018
Recap: A lack of new fundamentals pushed oil prices lower in overnight and early morning trading, but the market fell short of taking out the lows from last week. A sharp rebound occurred after Philadelphia Energy Solutions LLC announced it was filing for bankruptcy on its South ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.185 on Friday, January 19th

January 22, 2018
Friday, January 19th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.167, two cents below Thursday’s closing price of $3.189.  Stumbling to the intraday low of $3.157 out of the gate, the contract proceeded to trace a staggered ascent past the $3.20 mark at 11: ... Read More

Oil prices experienced the largest weekly loss since October

January 22, 2018
Recap:  After reaching their highest level in over 3 years, oil prices experienced their largest weekly loss since October. Despite tightening global supplies, U.S. production continues to soar, counterbalancing output cuts by OPEC and its allies. Prices came under pressure early ... Read More
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February NYMEX Natural Gas Futures Contracts Closed at $3.205 on Thursday, January 18th

January 19, 2018
Thursday, January 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.176, five cents below Wednesday’s closing price of $3.232.  Fluctuating within a three-cent range before stabilizing near $3.195 ahead of 10:30AM, prices then plummeted as the bearish storag ... Read More

U.S. crude oil inventories showed a decrease of 6.9 million barrels

January 19, 2018
Recap: Near record U.S. crude oil production offset the ninth straight week of declines in U.S. crude oil stocks, leaving oil prices close to unchanged. February WTI was trading at $63.47 a barrel prior to the release of the report, but jumped upon its release, which showed a dec ... Read More
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