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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
Saudi Arabia and other OPEC producers were seeking to persuade Russia to join them in an additional oil output cut
March 5, 2020
Recap: The oil market posted an inside trading day on Wednesday after failing to breach Tuesday’s trading range. The market traded higher early in the session as Saudi Arabia and other OPEC producers were seeking to persuade Russia to join them in an additional oil output cut. ...
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Market Insights
Natural Gas
Basis
NYMEX
April NYMEX Natural Gas Futures Contract Closed at $1.800 on Tuesday, March 3rd
March 4, 2020
Tuesday, March 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.797, four cents above Monday’s closing price of $1.756. In a volatile day of trading, prices fell to an intraday low of $1.768 at 9:10AM and surpassed $1.830 within the following hour. Despite ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil futures bounced on Tuesday
March 4, 2020
Recap: Oil futures bounced on Tuesday, marking the second straight day of gains after the U.S. Federal Reserve cut interest rates and as traders await the March 5-6 OPEC meeting, where the cartel and its allies are expected to agree on additional production cuts. April WTI jumpe ...
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Market Insights
Natural Gas
Basis
NYMEX
April NYMEX Natural Gas Futures Contract Closed at $1.756 on Monday, March 2nd
March 3, 2020
Monday, March 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.716, three cents above Friday’s closing price of $1.684. Jumping higher to start the day, following last week’s multi-year low, the contract rose to the $1.75 mark by 9:30AM and added a penny by ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil futures surged more than 5% on Monday
March 3, 2020
Recap: Oil futures surged more than 5% on Monday, reversing early losses, as prices were boosted by growing optimism that the Organization of the Petroleum Exporting Countries and its allies will announce additional production cuts later this week, and on hopes global central ban ...
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Market Insights
Natural Gas
Basis
NYMEX
April NYMEX Natural Gas Futures Contract Closed at $1.684 on Friday, February 28th
March 2, 2020
Friday, February 28th saw the front-month NYMEX Natural Gas Futures Contract open at $1.716, four cents below Thursday’s closing price of $1.752. Reaching up to an intraday high of $1.729 soon after markets opened, prices fell sharply in the morning hours as forecasts continue t ...
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Market Insights
Heating Oil
Gasoline
Crude
WTI dropped as much as 6.8% on Friday to its lowest level in 14 months
March 2, 2020
Recap: After gapping lower on the opening, WTI plunged as much as 6.8% on Friday to its lowest level in 14 months, as it experienced its worst week in 11 years. After gapping lower on the opening, April futures slipped to a low of $43.85 a barrel before severing some of its losse ...
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General Terms & Conditions
Sprague GT&C's - Delivered Sales
March 1, 2020
Effective March 1, 2020
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General Terms & Conditions
Sprague GT&C's - Rack Sales
March 1, 2020
Effective March 1, 2020
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Market Insights
Natural Gas
Basis
NYMEX
April NYMEX Natural Gas Futures Contract Closed at $1.752 on Thursday, February 27th
February 28, 2020
On Thursday, February 27th – the April NYMEX Natural Gas Futures Contract began trading as the prompt month. Opening at $1.773, nearly six cents below Wednesday’s closing price of $1.837, prices fell to $1.750 in the hour leading up to the weekly storage publication. Sinking t ...
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