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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
Traders Sought Buying Opportunities After the Market Fell to its Lowest Levels Since July
November 13, 2023
Recap: The crude market traded higher on Friday, as traders sought buying opportunities after the market fell to its lowest levels since July earlier this week. The crude market posted a low of $75.31 in overnight trading before it bounced off that level and retraced its previou ...
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Natural Gas
Basis
NYMEX
December NYMEX Natural Gas Futures Contract Closed at $3.041 on Thursday, November 9th
November 10, 2023
Thursday, November 9th saw the front-month NYMEX Natural Gas Futures Contract open at $3.128, two cents above Wednesday’s closing price of $3.106. Marking the intraday high of $3.130 within minutes of the opening bell as market fundamentals continue to read as bearish. Without th ...
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Market Insights
Heating Oil
Gasoline
Crude
The Market, Which Lost About 7% in the Previous Two Sessions, Bounced Off its Lows
November 10, 2023
Recap: The oil market on Thursday retraced some of its previous losses and posted an inside trading day. The market, which lost about 7% in the previous two sessions, bounced off its lows as it took a breather from further losses even as China reported a decline in inflation, a ...
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Market Insights
Natural Gas
Basis
NYMEX
December NYMEX Natural Gas Futures Contract Closed at $3.106 on Wednesday, November 8th
November 9, 2023
Wednesday, November 8th saw the front-month NYMEX Natural Gas Futures Contract open at $3.096, four cents below Tuesday’s closing price of $3.140. Similar to the previous sessions, prices rose to high early on before retreating due to weak heating demand and steady production; ma ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Continued on its Downward Trend on Wednesday and Settled Down for the Second Consecutive Session
November 9, 2023
Recap: The oil market continued on its downward trend on Wednesday and settled down for the second consecutive session on concerns over declining demand in the U.S. and China. The market traded lower in follow through selling seen on Tuesday following the EIA’s forecast that oil ...
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Market Insights
Natural Gas
Basis
NYMEX
December NYMEX Natural Gas Futures Contract Closed at $3.140 on Tuesday, November 7th
November 8, 2023
Tuesday, November 7th saw the front-month NYMEX Natural Gas Futures Contract open at $3.161, ten cents below Monday’s closing price of $3.264. Falling to an intraday low of $3.099 at 9:25AM, prices then reversed momentum to climb to the intraday high of $3.188 at 10:50AM. Balanci ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Fell Sharply to its Lowest Level Since Late July on Concerns Over Demand
November 8, 2023
Recap: The oil market fell sharply to its lowest level since late July on concerns over demand amid weak trade data from China and doubts on whether the Federal Reserve has finished raising rates. The market was pressured overnight following trade data from China showing that ex ...
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Market Insights
Natural Gas
Basis
NYMEX
December NYMEX Natural Gas Futures Contract Closed at $3.264 on Monday, November 6th
November 7, 2023
Monday, November 6th saw the front-month NYMEX Natural Gas Futures Contract open at $3.332, eighteen cents below Friday’s closing price of $3.515. Reaching up to tag the intraday high of $3.344 by 9:30AM, prices then continued the pre-opening decline following the latest updates ...
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Market Insights
Heating Oil
Gasoline
Crude
The Market Was Well Supported by Saudi Arabia and Russia on Sunday Reaffirming Their Commitment to Their Additional Voluntary Output Cuts
November 7, 2023
Recap: The oil market posted an inside trading day after the market was well supported by Saudi Arabia and Russia on Sunday reaffirming their commitment to their additional voluntary output cuts until the end of the year. The oil market bounced off Friday’s lows and opened up mo ...
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Market Insights
Natural Gas
Basis
NYMEX
December NYMEX Natural Gas Futures Contract Closed at $3.515 on Friday, November 3rd
November 6, 2023
Friday, November 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $3.524, five cents above Thursday’s closing price of $3.472. The contract sought direction early on as traders weighed steady LNG exports and a slight pullback in production against bearish short- ...
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