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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 Awaited the Result of U.S. Secretary of State Antony Blinken's Efforts to De-Escalate the Situation in the Middle East
February 7, 2024
Recap: On Tuesday, the oil market maintained an upward momentum as the market awaited the result of U.S. Secretary of State Antony Blinken’s efforts to de-escalate the situation in the Middle East. The market traded mostly sideways in overnight trading and posted a low of $72.38 ...
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Market Insights
Natural Gas
Basis
NYMEX
March NYMEX Natural Gas Futures Contract Closed at $2.082 on Monday, February 5th
February 6, 2024
Monday, February 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.058, two cents below Friday’s closing price of $2.079. Recording the intraday low of $2.051 within minutes of the open, the contract traded within a narrow band throughout the day as fundamenta ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Retraced Some Early Losses as it Weighed News Against Concerns Over the Tension in the Middle East
February 6, 2024
Recap: The oil market retraced some early losses as it weighed economic news against concerns over the tension in the Middle East. The market traded lower in overnight trading after Federal Reserve Chair Jerome Powell said the central bank may wait to cut interest rates. In an i ...
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Market Insights
Natural Gas
Basis
NYMEX
March NYMEX Natural Gas Futures Contract Closed at $2.079 on Friday, February 2nd
February 5, 2024
Friday, February 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.047, nearly even to Thursday’s closing price of $2.050. Recording the intraday low at the opening bell rang, the contract posted a cautiously upward trajectory to reach an intraday high of $2.0 ...
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Market Insights
Heating Oil
Gasoline
Crude
Strong U.S. Jobs Data Diminished the Odds of Interest Rate Cuts in the Short Term
February 5, 2024
Recap: The oil market extended its losses to over 2.7% on Friday morning as it traded as strong U.S. jobs data diminished the odds of interest rate cuts in the short term. The market ended down 2.09% on the day and down 7.35% on the week. The market also remained pressured follo ...
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Market Insights
Natural Gas
Basis
NYMEX
March NYMEX Natural Gas Futures Contract Closed at $2.050 on Thursday, February 1st
February 2, 2024
Thursday, February 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.098, nearly even to Wednesday’s closing price of $2.100. Trading gradually upward until tallying the intraday high of $2.121 ahead of 10:30AM, the storage report then directed prices lower as ...
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Market Insights
Heating Oil
Gasoline
Crude
The Federal Reserve Said it Would Not Race to Cut Interest Rates on Wednesday
February 2, 2024
Recap: The oil market on Thursday sold off sharply early in the afternoon on speculation that Israel agreed to a Gaza ceasefire proposal. Instead, a Qatar official said that Hamas received a ceasefire proposal positively but has not responded to it yet. Early in the session, the ...
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Market Insights
Heating Oil
Gasoline
Crude
Data Showing That Manufacturing Activity in China Contracted for the Fourth Consecutive Month in January
February 1, 2024
Recap: The oil market remained pressured on Wednesday amid some weak economic data from China and an unexpected build in crude stocks. The market posted a high of $78.11 in overnight trading before it erased some of Tuesday’s gains. The market traded lower on data showing that m ...
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Market Insights
Natural Gas
Basis
NYMEX
March NYMEX Natural Gas Futures Contract Closed at $2.100 on Wednesday, January 31st
February 1, 2024
Wednesday, January 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.130, six cents above Tuesday’s closing price of $2.077. Trading along $2.110 through 10:00AM, prices fell to an intraday low of $2.094 at 10:15AM and would touch this mark again ahead of clo ...
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Market Insights
Natural Gas
Basis
NYMEX
March NYMEX Natural Gas Futures Contract Closed at $2.077 on Tuesday, January 30th
January 31, 2024
Tuesday, January 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.081, three cents above Monday’s closing price of $2.054. Trading along the $2.070 level throughout the morning, marking the intraday low of $2.057 at 10:15AM, recovering production and moderat ...
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