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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
U.S. shale oil production could grow by much less than expected in 2020
November 14, 2019
Recap: Oil prices climbed higher on Wednesday, erasing two days of losses after OPEC said it saw no signs of global recession and that U.S. shale oil production could grow by much less than expected in 2020. Also supporting prices were comments by U.S. Federal Reserve Chair Jerom ...
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Natural Gas
Basis
NYMEX
December NYMEX Natural Gas Futures Contract Closed at $2.621 on Tuesday, November 12th
November 13, 2019
Tuesday, November 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.660, two cents above Monday’s closing price of $2.637. Reaching a modest intraday high of $2.662 by 9:10AM, the contract then continued the downward trajectory that started after last Tuesda ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil prices shifted to the downside on Tuesday
November 13, 2019
Recap: Oil prices shifted to the downside on Tuesday after experiencing about a 1% rise earlier in the session following a speech by U.S. President Donald Trump in which he offered few new details about the trade talks between the U.S. and China. In overnight trading, December WT ...
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Natural Gas
Basis
NYMEX
December NYMEX Natural Gas Futures Contract Closed at $2.637 on Monday, November 11th
November 12, 2019
Monday, November 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.641, fifteen cents below Friday’s closing price of $2.789. Slipping lower over the weekend despite Thursday’s bullish storage injection and continued expectations for the arrival of winter-li ...
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Market Insights
Heating Oil
Gasoline
Crude
Trade talks between the U.S. and China continued to spread fear about demand
November 12, 2019
Recap: Oil prices finished lower on Monday as trade talks between the U.S. and China continued to spread fear about demand. On Saturday, U.S. President Donald Trump said negotiations between China and the U.S. were going "very nicely," but he said recent reports about an agreemen ...
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Natural Gas
Basis
NYMEX
December NYMEX Natural Gas Futures Contract Closed at $2.789 on Friday, November 8th
November 11, 2019
Friday, November 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.805, three cents above Thursday’s closing price of $2.772. Shaking off the previous session’s weather-induced sell off to open higher on the day, prices spent the morning trending lower to rea ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil prices fell more than 2% early in the session
November 11, 2019
Recap: Oil prices seesawed on Friday, falling more than 2% early in the session following comments from U.S. President Donald Trump that he has not agreed to roll back tariffs on China. December WTI slipped $1.39, or 2.4%, to a session low of $55.76 a barrel, while January Brent ...
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Natural Gas
Basis
NYMEX
December NYMEX Natural Gas Futures Contract Closed at $2.772 on Thursday, November 7th
November 8, 2019
Thursday, November 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.803, nearly three cents below Wednesday’s closing price of $2.828. Trading modestly higher through the session’s opening ninety minutes to reach $2.815, prices then surged to the intraday hi ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil futures increased after China and the U.S. agreed to lift existing tariffs if a partial trade deal is struck soon
November 8, 2019
Recap: Oil futures climbed on Thursday after China and the U.S. agreed to lift existing tariffs if a partial trade deal is struck soon, signaling that trade talks are progressing and providing an upbeat backdrop for crude demand. WTI for December delivery rose $1.53, or 2.7%, to ...
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Market Insights
Natural Gas
Basis
NYMEX
December NYMEX Natural Gas Futures Contract Closed at $2.828 on Wednesday, November 6th
November 7, 2019
Wednesday, November 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.862, even to Tuesday’s closing price. Ascending to an intraday high of $2.886 by 10:00AM, markets then began a gradual pullback that persisted well into the afternoon. Taking a breather fo ...
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