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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 to Trade Within Wednesday's Trading Range and Ended in Positive Territory for the Fourth Consecutive Week
April 17, 2023
Recap: On Friday, the oil market continued to trade within Wednesday’s trading range and ended in positive territory for the fourth consecutive week. The market opened relatively unchanged and traded to a low of $81.76 in overnight trading in follow through from Thursday’s losse ...
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Market Insights
Natural Gas
Basis
NYMEX
May NYMEX Natural Gas Futures Contract Closed at $2.007 on Thursday, April 13th
April 14, 2023
Thursday, April 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.081, a penny below Wednesday’s closing price of $2.093. Recording the intraday high of $2.093 as echoes of the opening bell could still be heard, the contract lost ground through the opening ho ...
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Market Insights
Heating Oil
Gasoline
Crude
The Producer Price Index Report Released on Thursday Morning and Wednesday’s Consumer Price Index Report Both Showed that Inflation Was Easing
April 14, 2023
Recap: The oil market on Thursday posted an inside trading day after failing to breach its previous trading range. The market traded sideways and posted a high of $83.44 in overnight trading as it attempted to test its previous high of $83.53. However, the market erased some of ...
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Market Insights
Natural Gas
Basis
NYMEX
May NYMEX Natural Gas Futures Contract Closed at $2.093 on Wednesday, April 12th
April 13, 2023
Wednesday, April 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.181, just below Tuesday’s closing price of $2.186. Recording the intraday high of $2.193 by 9:15AM, prices trended lower through the morning as comfortable temperatures covered key demand area ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Broke Out of its Recent Trading Range on Wednesday
April 13, 2023
Recap: The oil market broke out of its recent trading range on Wednesday as it breached its previous highs. Overnight, the market breached its resistance at $81.81 as it traded to $81.85 and settled in a sideways trading pattern ahead of the release of the latest U.S. consumer i ...
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Market Insights
Heating Oil
Gasoline
Crude
The oil market posted an outside trading day for the second consecutive day
April 12, 2023
Recap: On Tuesday, the oil market posted an outside trading day for the second consecutive day as Chinese inflation data suggested persistent demand weakness, while a softer dollar and hopes that the Federal Reserve may ease its policy tightening after this week’s U.S. inflation ...
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Market Insights
Natural Gas
Basis
NYMEX
May NYMEX Natural Gas Futures Contract Closed at $2.186 on Tuesday, April 11th
April 12, 2023
Tuesday, April 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.214, four cents above Monday’s closing price of $2.172. Losing ground in the day’s opening hour to find the intraday low of $2.126 shortly after 10:00AM, buyers then moved in as the intraday hig ...
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Market Insights
Heating Oil
Gasoline
Crude
Looming Supply cuts from Saudi Arabia and Other OPEC+ Producers Offset Concern about Weakening Global Growth
April 11, 2023
Recap: On Monday, the oil market continued to trend sideways following the long Easter holiday weekend as it continued to trade within last Tuesday’s trading range from $79.61 to $81.81. The market opened 15 cents lower and quickly rallied to a high of $81.22 as looming supply c ...
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Market Insights
Natural Gas
Basis
NYMEX
May NYMEX Natural Gas Futures Contract Closed at $2.172 on Monday, April 10th
April 11, 2023
Monday, April 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.131, twelve cents above Thursday’s closing price of $2.011. Markets were closed on Friday April 7th in Observance of Good Friday. Ascending to $2.189 by 9:15AM, a shift in short-term forecasts pr ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Held Steady as it Continued to Trade Within Tuesday's Trading Range Ahead of the Long Easter Holiday Weekend
April 10, 2023
Recap: The oil market held steady as it continued to trade within Tuesday's trading range ahead of the long Easter holiday weekend. The market posted a third weekly gain as it continued to weigh the OPEC+ output cuts and a fall in U.S. crude oil inventories against concerns over ...
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