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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 on its Upward Trend and Posted a 10-Month High Early in the Day on Supply Concerns
September 20, 2023
Recap: The oil market continued on its upward trend and posted a 10-month high early in the day on supply concerns and weakness in the dollar. However a rebound in the dollar index pushed the oil market to its lows in afternoon trading. The crude market breached its previous hi ...
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Market Insights
Natural Gas
Basis
NYMEX
October NYMEX Natural Gas Futures Contract Closed at $2.728 on Monday, September 18th
September 19, 2023
Monday, September 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.684, four cents above Friday’s closing price of $2.644. Slipping to the intraday low of $2.630 at 9:15AM, the contract then moved decidedly higher to tally the intraday high of $2.783 at 10:3 ...
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Market Insights
Heating Oil
Gasoline
Crude
Traders Remained Focused on the Prospect of Increasing Supply Deficit in the Fourth Quarter
September 19, 2023
Recap: The oil market rallied higher as traders remained focused on the prospect of increasing supply deficit in the fourth quarter amid the voluntary extension of supply cuts by Saudi Arabia and Russia until the end of the year. Citi became the latest bank to predict Brent pric ...
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Market Insights
Natural Gas
Basis
NYMEX
October NYMEX Natural Gas Futures Contract Closed at $2.644 on Friday, September 15th
September 18, 2023
Friday, September 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.675, three cents below Thursday’s closing price of $2.708. Climbing early on to achieve an intraday high of $2.728 by 9:45AM, the contract then began a steady descent that would span the bala ...
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Market Insights
Heating Oil
Gasoline
Crude
Supply Tightness Following the Saudi Arabian Production Cuts and Optimism Regarding Chinese Demand Lifted Oil Prices
September 18, 2023
Recap: The oil market on Friday rallied higher and posted a gain for the third consecutive week as supply tightness following the Saudi Arabian production cuts and optimism regarding Chinese demand lifted oil prices. The market continued to climb higher in overnight trading and ...
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Market Insights
Natural Gas
Basis
NYMEX
October NYMEX Natural Gas Futures Contract Closed at $2.708 on Thursday, September 14th
September 15, 2023
Thursday, September 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.782, ten cents above Wednesday’s closing price of $2.680. Trading within four cents of the $2.760 level heading into 10:00AM, marking the intraday high of $2.798 at 9:55AM. Trading at $2.77 ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market on Thursday Continued Higher in its Upward Trend Channel on Concerns of Tighter Supply
September 15, 2023
Recap: The oil market on Thursday continued higher in its upward trend channel on concerns of tighter supply. The market retraced some of Wednesday’s losses but remained range bound as it held resistance at its previous high. However, the market breached that level and rallied h ...
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Market Insights
Heating Oil
Gasoline
Crude
An Unexpected Build in Oil Inventories Offset Expectations of a Tight Market
September 14, 2023
Recap: The oil market continued on its upward trend in overnight trading before an unexpected build in oil inventories offset expectations of a tight market. The market rallied higher in overnight trading in follow through strength seen during Tuesday’s session. WTI crude rallie ...
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Market Insights
Natural Gas
Basis
NYMEX
October NYMEX Natural Gas Futures Contract Closed at $2.680 on Wednesday, September 13th
September 14, 2023
Wednesday, September 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.769, nearly three cents above Tuesday’s closing price of $2.743. In a volatile day of trading, prices rose above $2.770 soon after 9:00AM then proceeded to drop to the $2.670 level by 9:45 ...
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Market Insights
Natural Gas
Basis
NYMEX
October NYMEX Natural Gas Futures Contract Closed at $2.743 on Tuesday, September 12th
September 13, 2023
Tuesday, September 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.670, seven cents above Monday’s closing price of $2.608. Trending lower to tally the intraday low of $2.621 at 10:00AM, the contract then mounted a steady ascent due to various disruptions t ...
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