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Market Insights
Natural Gas
Basis
NYMEX
September NYMEX Natural Gas Futures Contracts Closed at $2.782 on Tuesday, July 31st
August 1, 2018
Tuesday, July 31st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.811, slightly above Friday’s closing price $2.797. Stepping higher as markets opened, the weather-induced rally drove prices to the intraday high of $2.831 by 9:20AM. Sloping gradually lower a ...
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Market Insights
Heating Oil
Gasoline
Crude
OPEC increased production by 70,000 barrels per day during the month of July
July 31, 2018
Recap: Despite a Reuters survey showing that OPEC increased production by 70,000 barrels per day during the month of July, oil prices rose, with WTI settling above $70 a barrel for the first time in 3 weeks. Prices remain on the defensive due to an outlook calling for tight suppl ...
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Market Insights
Natural Gas
Basis
NYMEX
September NYMEX Natural Gas Futures Contracts Closed at $2.797 on Monday, July 30th
July 31, 2018
On Monday, July 30th – the September NYMEX Natural Gas Futures Contracts began trading as the prompt month. Opening at $2.785, slightly above Friday’s closing price $2.782, prices slipped downward early on to tally the intraday low of $2.766 by 9:40AM. Regaining its footing the ...
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Charitable Giving
Sprague Charitable Giving Blog – Highlight on Seacoast Healthy Grins!
July 31, 2018
Sprague is proud to support the Seacoast Healthy Grins dental program from Goodwin Community Health. Goodwin Community Health provides primary care for people of all ages, including dental care for children. The goal of the Seacoast Healthy Grins program is to help children buil ...
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Market Insights
Natural Gas
Basis
NYMEX
August NYMEX Natural Gas Futures Contracts Closed at $2.782 on Friday, July 27th
July 30, 2018
On Friday, July 27th – settlement day for the August Contract —the front-month NYMEX Natural Gas Futures Contracts opened at $2.805, three cents above Thursday’s closing price of $2.773. Unsettled trading early on saw the contract jump to either side of $2.805, sustaining Thursd ...
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Market Insights
Heating Oil
Gasoline
Crude
There was a 4.1% rise in the U.S. gross domestic product for the 2nd quarter
July 30, 2018
Recap: Oil prices slipped on Friday, pressured by a falling U.S. equities market, but despite daily losses, both blends finished up on the week. Prices couldn’t gain enough momentum off the impressive 4.1% rise in the U.S. gross domestic product for the 2nd quarter, alluding to u ...
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Market Insights
Natural Gas
Basis
NYMEX
August NYMEX Natural Gas Futures Contracts Closed at $2.780 on Thursday, July 26th
July 27, 2018
Thursday, July 26th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.780, slightly above Wednesday’s closing price of $2.775. The contract slipped to the intraday low of $2.769 within the first thirty minutes of trading. Prices swelled to the intraday high of $ ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil prices rose as Saudi Arabia temporarily stopped crude shipments through Bab el-Mandeb strait
July 27, 2018
Recap: Oil prices rose for the third straight session, getting a boost as Saudi Arabia temporarily stopped crude shipments through the Bab el-Mandeb strait in the Red Sea after accusing Iran allied rebels of attacking a pair of tankers. September WTI stopped just below $70 a bar ...
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Market Insights
Natural Gas
Basis
NYMEX
August NYMEX Natural Gas Futures Contracts Closed at $2.775 on Wednesday, July 25th
July 26, 2018
Wednesday, July 25th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.746, about a penny higher than Tuesday’s closing price of $2.732. The opening marked the intraday low. Swinging upwards right out of the gate, the contract reached the intraday high of $2.777 ...
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Market Insights
Heating Oil
Gasoline
Crude
The EIA report showed a decline of 6.1 million barrels in U.S. crude oil inventories
July 26, 2018
Recap: Oil prices climbed more than 1% after the release of the EIA report, which showed a decline of 6.1 million barrels in U.S. crude oil inventories. Expectations were calling for a decrease of 2.3 million barrels. September WTI rose to a high of $69.70 a barrel, its highest l ...
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