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The oil market fell in choppy trading, as a larger than expected build in crude stocks pressured prices lower

March 15, 2018
Recap: The oil market continued to trade within its sideways trading range on Wednesday, holding support at the $60 level.  The market traded higher early in the session as strong Chinese factory activity supported commodity markets.  China’s industrial output increased more than ... Read More
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Secretary of State, Rex Tillerson, being replaced by CIA Director, Mike Pompeo, may potentially have very big implications for both the Iran deal and US policy towards Venezuela

March 14, 2018
Recap: The oil market rallied higher on Tuesday morning on news that President Donald Trump fired Secretary of State Rex Tillerson. The Secretary of State’s firing increases risks to a multinational agreement to limit Iran’s nuclear capabilities, raising questions about potential ... Read More
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Sprague Resources LP Reports Fourth Quarter and Full Year 2017 Results

March 14, 2018
Partnership issues 2018 Adjusted EBITDA Guidance of $120 to $140 Million Portsmouth, NH (March 14, 2018) - Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the fourth quarter and twelve months ended December 31, 2017. Fourth Quarter 201 ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.778 on Monday, March 5th

March 13, 2018
Monday, March 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.781, five cents above Friday’s closing price of $2.732.  Buoyed by below average temperatures ranging from the southeast to the mid-Atlantic and the impending Nor’easter, prices rose through the ... Read More

Early Monday morning crude and products were all in negative territory but bounced back and erased almost half of the morning's sell off

March 13, 2018
Recap: The bullish mood from Friday failed to firmly take root in the new trading week. While the crude oil market opened Sunday slightly higher the products did not and by the early hours of Monday morning the crude and the products were all in negative territory and continued t ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.732 on Friday, March 9th

March 12, 2018
Friday, March 9th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.726, three cents below Thursday’s closing price of $2.756.  Despite wintry conditions covering much of the east coast, the contract can’t argue with the fact that spring is less than two weeks aw ... Read More

For the first time in seven weeks the Baker Hughes drilling report showed a decline in the number of oil drilling rigs operating in the US

March 12, 2018
Recap: After a two day decline in the oil markets, the bulls came charging back into the market today, following a strong stock market. The equities market found positive news in a strong U.S. jobs report, along with the potential easing in geopolitical tensions surrounding the N ... Read More
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New England Energy Market Developments

March 12, 2018
It is hard to forget the start of 2018 as the Cold Snap that descended upon the region tied or set new record-low temperatures and record high-energy prices.  Some portions of the Northeast region had not experienced temperatures that low for that sustained period of time in roug ... Read More
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A strong rebound in the value of the dollar appeared to keep the oil market from gaining any real traction toward the upside

March 9, 2018
Recap: The bulls in the oil market remained on the defensive for the second day in a row.  While the stock market rebounded today, the strong rebound in the value of the dollar appeared to keep the oil market from gaining any real traction toward the upside. Then with the release ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.756

March 9, 2018
Thursday, March 8th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.782, slightly above Wednesday’s closing price of $2.777.  Posting notable losses through the session’s opening hour, prices fell to the intraday low of $2.737 by 9:50AM as previously expected b ... Read More
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