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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 Built On its Gains Seen in the Previous Session
October 28, 2022
Recap: On Thursday, the oil market built on its gains seen in the previous session as record crude exports and signs that recession fears are abating outweighed concerns over Chinese demand. The market was supported by economic data that showed moderate U.S. GDP annual growth of ...
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Natural Gas
Basis
NYMEX
November NYMEX Natural Gas Futures Contract Closed at $5.606 on Wednesday, October 26th
October 27, 2022
Wednesday, October 26th saw the November NYMEX Natural Gas Futures Contract open at $5.380, twenty-three cents below Tuesday’s closing price of $5.613. Marking the intraday low of $5.347 within minutes of the open, the contract reclaimed the $5.550 level by 10:30AM after the pre- ...
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Market Insights
Heating Oil
Gasoline
Crude
U.S. Fuel Inventories Remain Well Below Normal
October 27, 2022
Recap: Oil futures exploded on Wednesday, adding to early gains after the release of the EIA report which showed U.S. fuel inventories remain well below normal as domestic demand picks up and refinery activity unexpectedly slows down. US exports of crude-oil and refined fuels le ...
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Heating Oil
Gasoline
Crude
Natural Gas and RBOB Lead the Energy Complex Higher on Tuesday
October 26, 2022
Recap: Natural gas and RBOB lead the energy complex higher on Tuesday, as traders begin to gear up for winter and as industry analysts expect U.S. gasoline stockpiles to decrease by 800,000 barrels. This would bring gasoline inventories within striking distance of the eight year ...
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Market Insights
Natural Gas
Basis
NYMEX
November NYMEX Natural Gas Futures Contract Closed at $5.613 on Tuesday, October 25th
October 26, 2022
Tuesday, October 25th saw the November NYMEX Natural Gas Futures Contract open at $5.381, eighteen cents above Monday’s closing price of $5.199. Falling to a momentary intraday low of $5.239 by 9:15AM, prices then moved decidedly higher due in part to a bullish shift in weather m ...
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Market Insights
Natural Gas
Basis
NYMEX
November NYMEX Natural Gas Futures Contract Closed at $5.199 on Monday, October 24th
October 25, 2022
Monday, October 24th saw the November NYMEX Natural Gas Futures Contract open at $4.903, six cents below Friday’s closing price of $4.959. Marking the intraday low as the opening bell rang, the contract was quick to pick up any lost ground as traders found value in the oversold f ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Futures Settled Lower on Monday
October 25, 2022
Recap: Oil futures settled lower on Monday, as lackluster import data from China and the conclusion of the Communist party's national congress helped to dull expectations for energy demand from the world's second largest oil consumer. December WTI fell 47 cents, or nearly 0.6%, ...
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Market Insights
Natural Gas
Basis
NYMEX
November NYMEX Natural Gas Futures Contract Closed at $4.959 on Friday, October 21st
October 24, 2022
Friday, October 21st saw the November NYMEX Natural Gas Futures Contract open at $5.383, six cents below Wednesday’s closing price of $5.358. Peaking at an intraday high of $5.127 within minutes of the open, prices hung around the $5.075 level before trending lower ahead of 10:00 ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Prices Rose in Choppy Trade on Friday
October 24, 2022
Recap: Oil prices rose in choppy trade on Friday as hopes of stronger Chinese demand and a weakening U.S. dollar outweighed concern about a global economic downturn and the impact of interest rate rises on fuel use. To fight inflation, the U.S. Federal Reserve is trying to slow ...
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Market Insights
Natural Gas
Basis
NYMEX
November NYMEX Natural Gas Futures Contract Closed at $5.358 on Thursday, October 20th
October 21, 2022
Thursday, October 20th saw the November NYMEX Natural Gas Futures Contract open at $5.383, six cents below Wednesday’s closing price of $5.462. Slipping to an intraday low of 5.253 ahead of 9:15AM, prices rose to trade near $5.400 ahead of the weekly storage publication. Shirking ...
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