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U.S. crude production reached 11 million barrels per day for the first time

July 19, 2018
Recap: Oil prices rose on Wednesday, as the surprise 5.8 million barrel build in U.S. crude oil inventories was overshadowed by the unexpected 3.2 million barrel draw in gasoline stocks and the unforeseen 371,000 barrel decline in distillate stocks. In their initial reaction, cru ... Read More
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August NYMEX Natural Gas Futures Contracts Closed at $2.740 on Tuesday, July 17th

July 18, 2018
Tuesday, July 17th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.777, nearly two cents above Monday’s closing price of $2.759.  Tallying the intraday high as markets opened, the contract sloped consistently downward to the intraday high of $2.731 by 11:40AM.  ... Read More

Both Brent and WTI surpassed Monday's lows but prices ended above the unchanged level

July 18, 2018
Recap: In comparison to Monday’s activity, it was a lackluster trading session for crude oil futures, as traders turned their attention to the API and EIA reports. Prices began the session trading around the unchanged level and continued to move sideways during pre-dawn trading. ... Read More
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August NYMEX Natural Gas Futures Contracts Closed at $2.759 on Monday, July 16th

July 17, 2018
Monday, July 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.740, a penny below Friday’s closing price of $2.752.  Trending upward from the intraday low of $2.735, prices mounted a staggered ascent to reach the intraday high of $2.773 ahead of 11:00AM.  Se ... Read More

Expectations of increased output from within and outside OPEC caused prices to collapse

July 17, 2018
Recap: Brent fell to its lowest level since April 20th, while WTI slipped to a 3-week low, slipping below the 10-day moving average for the first time in as many weeks. Prices collapsed as supply concerns eased on reports that ports in Libya began to reopen, and as talk began to ... Read More
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New England Energy Market – Summer Update

July 17, 2018
What a difference six months makes.  In early January, we were braving the 2017-18 North American Cold Snap brought on by a “Bomb Cyclone” that delivered arctic temperatures not seen in this region for 100 years.  Fast forward six months to late June/early July, and New England w ... Read More

Sprague Charitable Giving - Highlight on Community Toolbox

July 17, 2018
Sprague is proud to support the 2018 Fix-It Program by Community Toolbox!   Community Toolbox is a small, non-profit organization based in Portsmouth, NH, with a goal to serve neighbors with the basic dignities of safety, health and accessibility. The objective of the Fix-It Pr ... Read More

August NYMEX Natural Gas Futures Contracts Closed at $2.752 on Friday, July 13th

July 16, 2018
Friday, July 13th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.781, nearly two cents below Thursday’s closing price of $2.797.  Marking the intraday high of $2.791 within the day’s opening minutes, downward pressure soon returned to the recently diminished c ... Read More

Strike actions in Norway and Iraq caused oil prices to rise on Friday

July 16, 2018
Recap: Oil prices rose on Friday, lifted by strike actions in Norway and Iraq, however upside potential was limited by the reopening of ports in Libya and sentiment that Iran may still export oil in light of U.S. sanctions.  Despite daily gains, oil prices settled lower for the s ... Read More
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August NYMEX Natural Gas Futures Contracts Closed at $2.797 on Thursday, July 12th

July 13, 2018
Thursday, July 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.815, more than a penny below Wednesday’s closing price of $2.829.  Posting an uncertain ascent to the intraday high of $2.826 ahead of the weekly EIA storage report at 10:30AM, prices then tumb ... Read More
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