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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
The Oil Market Continued on its Upward Trend on Thursday
January 13, 2023
Recap: The oil market continued on its upward trend on Thursday in follow through strength seen on Wednesday amid concerns over the impact of sanctions on Russian crude output. The market was further supported by expectation of increasing demand in China that could give a boost ...
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Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $3.671 on Wednesday, January 11th
January 12, 2023
Wednesday, January 11th saw the February NYMEX Natural Gas Futures Contract open at $3.764, thirteen cents above Tuesday’s closing price of $3.639. Recording the intraday high of $3.769 out of the gate, traders lost all pre-session momentum as prices tumbled to record an intraday ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Rallied Higher
January 12, 2023
Recap: The oil market rallied higher as concerns over the impact of sanctions on Russian crude output outweighed a large unexpected build in crude stocks. The market was supported by reports indicating that G7 countries could soon target Russian refined products with sanctions i ...
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Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $3.639 on Tuesday, January 10th
January 11, 2023
Tuesday, January 10th saw the February NYMEX Natural Gas Futures Contract open at $3.708, thirteen cents above Monday’s closing price of $3.910. Trending lower overnight as traders had a chance to digest the impending seasonal temperatures near month-end, prices slipped to an int ...
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Market Insights
Heating Oil
Gasoline
Crude
The Market Awaits the Release of the Weekly Petroleum Stock Reports
January 11, 2023
Recap: The oil market posted an inside trading day as the market awaits the release of the weekly petroleum stock reports. The oil market continued to move lower in overnight trading in follow through trading seen on Monday afternoon. The market posted a low of $73.84 before it b ...
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Market Insights
Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $3.910 on Monday, January 9th
January 10, 2023
Monday, January 9th saw the February NYMEX Natural Gas Futures Contract open at $3.840, thirteen cents above Friday’s closing price of $3.710. Trending higher before the opening and continuing through the morning, profit-taking and a whisper of the return to seasonal temperatures ...
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Market Insights
Heating Oil
Gasoline
Crude
The Largest Weekly Decline at the Start of a Year Since 2016
January 10, 2023
Recap: The oil market rallied higher on Monday after falling more than 8% last week, the largest weekly decline at the start of a year since 2016. The oil market was well supported by news that China opened its borders over the weekend for the first time in three years. Domestic ...
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Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $3.710 on Friday, January 6th
January 9, 2023
Friday, January 6th saw the February NYMEX Natural Gas Futures Contract open at $3.664, six cents below Thursday’s closing price of $3.720. With forecasts remaining unquestionably bearish for the weeks ahead, the contract managed to fight off any additional losses through the mor ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Retraced its Previous Losses
January 9, 2023
Recap: The oil market retraced its previous losses and rallied by over $1 early in the session amid a weaker dollar. The dollar pared its earlier gains following the release of the U.S. Labor Department’s nonfarm payroll data. The report showed that employers added 223,000 jobs ...
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Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $3.720 on Thursday, January 5th
January 6, 2023
Thursday, January 5th saw the February NYMEX Natural Gas Futures Contract open at $3.889, twenty-eight cents below Wednesday’s closing price of $4.172. Settling in near the $3.830 level heading into the weekly storage publication, prices trended lower as the above-average withdra ...
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