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Sprague Resources LP Reports Fourth Quarter and Full Year 2018 Results

March 14, 2019
PORTSMOUTH, N.H., March 14, 2019 (GLOBE NEWSWIRE) -- Sprague Resources LP(“Sprague”) (NYSE: SRLP) today reported its financial results for the fourth quarter and twelve months ended December 31, 2018. Fourth Quarter 2018 Highlights Net sales were $1,079.9 million for the ... Read More
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The EIA reported a 3.8 million barrel drop in U.S. crude oil inventories

March 14, 2019
Recap: WTI rose to its highest level in 4 four months after the EIA reported a 3.8 million barrel drop in U.S. crude oil inventories. Expectations were calling for a build of 2.7 million. Immediately after the number, April WTI rose as much as 2.1 percent, hitting an intraday hig ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.784 on Tuesday, March 12th

March 13, 2019
Tuesday, March 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.755, roughly two cents below Monday’s closing price of $2.772.  Rising from the intraday low of $2.754 as markets opened, prices stabilized near $2.770 through the morning and persisted into the ... Read More

Oil prices posted modest gains as Venezuela continues to limit exports

March 13, 2019
Recap: Oil prices posted modest gains on Tuesday, propped up after a Saudi official said his country plans to cut oil exports in April, while power outages in Venezuela continue to limit exports from the country. May Brent broke above $67.00 a barrel, while April WTI rose above $ ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.772 on Monday, March 11th

March 12, 2019
Monday, March 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.787, roughly eight cents below Friday’s closing price of $2.865.  Losing ground in pre-session trading, markets seemingly established a bottom near $2.785 within minutes of 9:00AM.  Spiking early ... Read More

Venezuelan exports continue to decline in the wake of nationwide power outages

March 12, 2019
Recap: WTI bounced off of the $56.00 level on reports that Saudi Arabia plans to lengthen its reduction of crude oil exports, while Venezuelan exports continue to decline in the wake of nationwide power outages. April WTI opened the session trading at unchanged, but quickly bounc ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.865 on Friday, March 8th

March 11, 2019
Friday, March 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.875, a penny above Thursday’s closing price of $2.866.  Jumping to the intraday high of $2.885 as markets opened, the contract soon settled in along $2.865 where it spent most of the day.  Trading ... Read More

Oil prices finished lower for the second straight week

March 11, 2019
Recap: Oil prices fell hard on Friday, finishing lower for the second straight week, after the U.S. Labor Department reported lower than expected job growth in the U.S. According to the report, U.S. job growth expanded by 20,000 jobs, much lower than the expected 180,000 jobs. Th ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $2.866 on Thursday, March 7th

March 8, 2019
Thursday, March 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.831, a penny below Wednesday’s closing price of $2.841.  Climbing to $2.855 by 9:15AM, prices traded sideways leading up to the 10:30AM storage report.  Dipping lower as the bearish report hit t ... Read More

OPEC output fell to its lowest level in nearly four years

March 8, 2019
Recap: Oil prices recovered on Thursday after falling 2 percent on Wednesday, bolstered by a falling OPEC output, which fell to its lowest level in nearly four years. WTI for April delivery briefly shot up to a high of $56.99 before settling into trading range between $56.35 and ... Read More
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