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Oil prices reached fresh 3.5 year highs

May 18, 2018
Recap: Oil prices reached fresh 3 ½ year highs, with Brent topping $80 a barrel for the first time since November 2014 and WTI tipping the charts above $72 a barrel in as much time. Geopolitical tensions continue to drive this market, especially Brent, while rising U.S. productio ... Read More
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EIA reported a 1.4 million barrel draw in U.S. crude oil stocks

May 17, 2018
Recap: Wednesday’s trading activity was a mirror image of Tuesday’s session, with oil prices trading in a mixed fashion. WTI bounced on its initial reaction to the EIA’s report of a 1.4 million barrel draw in U.S. crude oil stocks, but strength in the dollar overshadowed the repo ... Read More
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June NYMEX Natural Gas Futures Contracts Closed at $2.815 on Wednesday, May 16th

May 17, 2018
Wednesday, May 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.818, two cents below Tuesday’s closing price of $2.836.  Falling to the intraday low of $2.809 soon after markets opened, prices rose over the following thirty minutes to record the intraday hi ... Read More

WTI spent most of the session trading to the downside, while Brent held early gains

May 16, 2018
Recap: Oil prices were mixed on Tuesday, with WTI spending the better part of the session trading to the downside, while Brent held early gains. After posting a fresh multi-year high, but failing to trade above the $72 mark, June WTI slipped below unchanged. July Brent traded ove ... Read More
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June NYMEX Natural Gas Futures Contracts Closed at $2.836 on Tuesday, May 15th

May 16, 2018
Tuesday, May 15th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.860, nearly two cents above Monday’s closing price of $2.842.  With little change to market fundamentals as above-average temperatures are expected for much of the country into June, the contract ... Read More

A global oversupply of oil has been almost eliminated

May 15, 2018
Recap: According to an OPEC report put out on Monday, the global oil glut has almost been eliminated; however, its members and outside participants in the cuts continue to operate at lower rates. This pushed oil prices higher, with Brent reaching its highest level since November ... Read More
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June NYMEX Natural Gas Futures Contracts Closed at $2.842 on Monday, May 14th

May 15, 2018
Monday, May 14th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.813, nearly a penny above Friday’s closing price of $2.806.  Slipping to the intraday low of $2.798 by 9:20AM, the contract soon regained its footing to reach $2.830 twenty minutes later and conti ... Read More

Sprague Resources LP Announces Chief Accounting Officer Retirement and Appointment

May 15, 2018
Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that John W. Moore is retiring from his position as Vice President, Chief Accounting Officer of its General Partner, a position he has held since 2011.  Mr. Moore will remain with Sprague until August 9, 2018 to assist ... Read More
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June NYMEX Natural Gas Futures Contracts Closed at $2.806 on Friday, May 11th

May 14, 2018
Friday, May 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.809, slightly below Thursday’s closing price of $2.814.  Starting the day on the back foot, following Thursday’s above average injection to storage, prices stumbled down to the intraday low of $2. ... Read More

US drillers added 10 rigs to their count, bringing the total number to 844

May 14, 2018
Recap: Oil prices held near multi-year highs despite U.S. energy companies adding to the number of active oil rigs for the sixth straight week. According to Baker-Hughes U.S. drillers added 10 rigs to their count, bringing the total number to 844, the highest level since March 20 ... Read More
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