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U.S. crude futures have been stuck in a $10 trading range since March

May 28, 2021
Recap: Oil prices reversed early losses on Thursday, supported by strong U.S. economic data that waylaid trader’s concerns about the potential for a rise in Iranian supplies. A rise in equities also lent support, while the dollar hovered around the unchanged level. U.S. crude fut ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $3.027 on Wednesday, May 26th

May 27, 2021
Wednesday, May 26th – settlement day for the June contract - saw the front-month NYMEX Natural Gas Futures Contract open at $2.941, three cents above Tuesday’s closing price of $2.913.  Slipping downward to reach an intraday low of $2.975 at 10:00AM, prices were then directed upw ... Read More

The EIA reported 1.7 million barrel draw in U.S. crude oil inventories

May 27, 2021
Recap: Oil futures pared early losses on Wednesday after the EIA reported 1.7 million barrel draw in U.S. crude oil inventories. Although the decline was a minor one, U.S. crude oil stockpiles stand at 484.3 million barrels, which is below the five-year seasonal average and the s ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.913 on Tuesday, May 25th

May 26, 2021
Tuesday, May 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.921, four cents above Monday’s closing price of 2.886.  Ascending to an intraday high of $2.924 within minutes of the opening bell, prices moved lower to mark an intraday low of $2.888 at 10:20AM. ... Read More

Oil futures were slightly higher on Tuesday

May 26, 2021
Recap: Oil futures were slightly higher on Tuesday as we approach the U.S. Memorial Day Holiday weekend when demand for gasoline typically picks up. Prices also gained as the U.S. dollar declined to a 19-week low versus a basket of currencies as inflation worries recede. However, ... Read More
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U.S. Army and Sprague Operating Resources LLC Announce Partnership for Youth Success (PaYS) Program to Recruit Veterans

May 26, 2021
Portsmouth, N.H. – Sprague Operating Resources LLC (“Sprague”) is excited to announce its participation in the U.S. Army’s Partnership for Youth Success (PaYS) program.   The partnership between Sprague and the U.S. Army will guarantee job interviews for any current or former U ... Read More

June NYMEX Natural Gas Futures Contract Closed at $2.886 on Monday, May 24th

May 25, 2021
Monday, May 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.833, seven cents below Friday’s closing price of $2.906.  Marking the intraday low of $2.833 as markets opened, traders got to work recouping the weekend losses.  Climbing to $2.875 by 9:45AM, pric ... Read More

Oil futures scored their highest finish in a week

May 25, 2021
Recap: Oil futures scored their highest finish in a week, as doubts that an Iranian nuclear deal would surface any time soon. A lack of cooperation by Iran, as well as “skeptical comments about Iranian compliance” by U.S. Secretary of State Anthony Blinken, both “lower the odds t ... Read More
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Barclays said a gradual oil demand recovery is largely on track as economies re-open

May 24, 2021
Recap: On Friday, the oil market posted an outside trading day following three consecutive days of losses, as it continued to trend lower in overnight trading before it rallied sharply higher.  Early in the session, the market remained pressured and posted a low of $61.56 as it b ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $2.906 on Friday, May 21st

May 24, 2021
Friday, May 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.908, two cents below Thursday’s closing price of $2.925.  Marking an intraday low of $2.894 at 9:50AM and an intraday high of $2.921 by 10:30AM, bearish weather forecasts and an unsupportive storag ... Read More
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