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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 Crude Market on Monday Erased its Earlier Losses and Settled in Positive Territory
March 7, 2023
Recap: The crude market on Monday erased its earlier losses and settled in positive territory for the fifth consecutive session. The market retraced some of its previous losses amid the news that China set a lower than expected target for economic growth this year at about 5%. T ...
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Natural Gas
Basis
NYMEX
April NYMEX Natural Gas Futures Contract Closed at $3.009 on Friday, March 3rd
March 6, 2023
Friday, March 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.828, six cents above Thursday’s closing price of $2.765. Withdrawing to the intraday low of $2.800 by 9:45AM, the contract traded sideways near $2.830 through 11:00AM. Picking up momentum to cross ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Traded Sideways in Overnight Trading but Breached its Previous Range
March 6, 2023
Recap: On Friday, the oil market traded sideways in overnight trading but breached its previous range and posted an outside trading day by noon as the market was headline driven. The crude market quickly sold off sharply early in the session, extending its losses to over $2.30 as ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Continued to Trend Higher on Thursday Amid Signs of an Economic Recovery in China
March 3, 2023
Recap: The oil market continued to trend higher on Thursday amid signs of an economic recovery in China. Data released on Wednesday showed that manufacturing activity in China grew last month at the fastest pace in more than a decade and China’s seaborne imports of Russian oil a ...
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Market Insights
Natural Gas
Basis
NYMEX
April NYMEX Natural Gas Futures Contract Closed at $2.811 on Wednesday, March 1st
March 2, 2023
Wednesday, March 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.717, three cents below Tuesday’s closing price of $2.747. Following a momentary dip to the intraday low of $2.664, prices were quick to return to opening level territory, trading along either s ...
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Market Insights
Heating Oil
Gasoline
Crude
The Market Rallied Higher Early in the Session
March 2, 2023
Recap: The oil market posted an inside trading day as the market rallied higher early in the session on hopes of increased demand amid an expansion in China’s manufacturing activity but failed to breach its previous highs. The oil market traded to $77.74 as an official index sho ...
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Market Insights
Natural Gas
Basis
NYMEX
April NYMEX Natural Gas Futures Contract Closed at $2.747 on Tuesday, February 28th
March 1, 2023
Tuesday, February 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.661, seven cents below Monday’s closing price of $2.731. Continuing the pre-opening downward momentum to reach an intraday low of $2.568 at 11:30AM, traders pulled back overnight to realign w ...
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Market Insights
Heating Oil
Gasoline
Crude
The market traded higher as it awaits key economic data over the next two days
March 1, 2023
Recap: The oil market on Tuesday traded higher, erasing Monday’s losses as expectations of demand recovery in China underpinned its gains. The market traded higher as it awaits key economic data over the next two days, with expectations that China’s factory activity increased in ...
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Market Insights
Natural Gas
Basis
NYMEX
April NYMEX Natural Gas Futures Contract Closed at $2.731 on Monday, February 27th
February 28, 2023
Monday, February 27th saw the front-month NYMEX Natural Gas Futures Contract open at $2.695 fifteen cents above Friday’s closing price of $2.548. Trending downward through the early morning hours to reach the intraday low of $2.612 at 10:55AM, the contract then regained its pre-s ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market on Monday Continued to Trend Higher
February 28, 2023
Recap: The oil market on Monday continued to trend higher in overnight trading following the news that Russia halted its exports to Poland via the Druzhba pipeline on Saturday. The market posted a high of $76.82 before it erased some of its gains as it held resistance at $77.02, ...
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