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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 Market Traded Higher After it Retraced Some of its Early Losses
August 10, 2022
Recap: The oil market seesawed on Tuesday, trading in and out of positive territory. The market traded higher after it retraced some of its early losses on concerns over tight supply. The market bounced higher on news that Ukraine had halted oil flows via the southern leg of the ...
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Natural Gas
Basis
NYMEX
September NYMEX Natural Gas Futures Contract Closed at $7.589 on Monday, August 8th
August 9, 2022
Monday, August 8th saw the September NYMEX Natural Gas Futures Contract open at $7.663, forty cents below Friday’s closing price $8.064. Tallying the intraday low of $7.569 by 9:45AM, further diminished forecasts over the weekend for lighter cooling demand in the coming weeks san ...
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Market Insights
Heating Oil
Gasoline
Crude
The Market Held Support at its Previous Low and Rallied Higher as the Equities Market Posted Some Gains Early
August 9, 2022
Recap: The oil market, which looked ready to post an inside trading day, rallied higher late in the session. The market posted a low of $87.22 early in the morning before it bounced higher, despite fears of a recession. The market held support at its previous low and rallied hig ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Futures Settled Higher on Friday, Recouping Some of the Week's Losses on Strong U.S. Job Growth Data
August 8, 2022
Recap: Oil futures settled higher on Friday, recouping some of the week’s losses on strong U.S. job growth data, but finished the week at their lowest levels since February, rattle by worries a recession could hit fuel demand. September WTI added 47 cents to settle at $89.01 a b ...
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Market Insights
Natural Gas
Basis
NYMEX
September NYMEX Natural Gas Futures Contract Closed at $8.064 on Friday, August 5th
August 8, 2022
Friday, August 5th saw the September NYMEX Natural Gas Futures Contract open at $7.964, sixteen cents below Thursday’s closing price $8.122. Marking the intraday low of $7.934 out of the gate, prices rose modestly throughout the morning to tallying the intraday high of $8.248 at ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Prices Were Hammered by the Unexpected Increase in U.S. Crude Oil and Gasoline Inventories
August 5, 2022
Recap: Oil futures continued to slide on Thursday, with WTI tumbling below $90 a barrel for the first time since Russia invaded Ukraine six months ago. Oil prices were hammered by the unexpected increase in U.S. crude oil and gasoline inventories. Prices have now fallen by $9 sin ...
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Market Insights
Natural Gas
Basis
NYMEX
September NYMEX Natural Gas Futures Contract Closed at $8.122 on Thursday, August 4th
August 5, 2022
Thursday, August 4th saw the September NYMEX Natural Gas Futures Contract open at $8.247, two cents below Wednesday’s closing price $8.266. Tallying the intraday high of $8.299 within minutes of the open, prices trailed downward to settle near $8.050 ahead of the weekly storage r ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Futures Began Wednesday's Trading Session Trading to the Upside but Quickly Plummeted
August 4, 2022
Recap: Oil futures began Wednesday’s session trading to the upside but quickly plummeted after the EIA reported unexpected builds in both U.S. crude oil and gasoline inventories and after OPEC+ said it would raise its oil output target. The fact that gasoline inventories increase ...
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Market Insights
Natural Gas
Basis
NYMEX
September NYMEX Natural Gas Futures Contract Closed at $8.266 on Wednesday, August 3rd
August 4, 2022
Wednesday, August 3rd saw the September NYMEX Natural Gas Futures Contract open at $7.745, four cents above Tuesday’s closing price $7.706. Trading within a ten-cent range of $7.650 through 1:00PM, marking the intraday low of $7.550 at 11:10AM, the contract mounted a steep ascent ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Futures Rose about 0.50% on Tuesday, Trimming a Larger Intraday Gain
August 3, 2022
Recap: Oil futures rose about 0.50% on Tuesday, trimming a larger intraday gain, as traders worried that this week's meeting of OPEC+ producers may not lead to a further boost in crude supply. The Organization of the Petroleum Exporting Countries and allies including Russia, know ...
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