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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 increasing number of coronavirus cases looked to hinder an economic recovery and hamper energy demand
June 29, 2020
Recap: Oil futures dipped on Friday, erasing earlier gains, as the increasing number of coronavirus cases looked to hinder an economic recovery and hamper energy demand. Earlier gains, supported by optimism over rising road traffic boosting fuel demand, were erased in early U.S. ...
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Natural Gas
Basis
NYMEX
July NYMEX Natural Gas Futures Contract Closed at $1.482 on Thursday, June 25th
June 26, 2020
Thursday, June 25th saw the front-month NYMEX Natural Gas Futures Contract open at $1.558, four cents below Wednesday’s closing price of $1.597. Tallying an intraday high of $1.562, prices then trended lower to reach the $1.530 level ahead of 10:30AM. Breaking through multiple ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil futures climbed by almost 2% on Thursday
June 26, 2020
Recap: Oil futures climbed by almost 2% on Thursday, following two days of declines. Slight economic improvements in the U.S; cuts Russian oil exports and word from the White House Economic Advisor that the U.S. would not shut the economy down gave the market a boost, but the spr ...
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Natural Gas
Basis
NYMEX
July NYMEX Natural Gas Futures Contract Closed at $1.597 on Wednesday, June 24th
June 25, 2020
Wednesday, June 24th saw the front-month NYMEX Natural Gas Futures Contract open at $1.641, just above Tuesday’s closing price of $1.637. Posting a staggered climb to reach an intraday high of $1.652 at 10:20AM, the contract fell gradually lower throughout the day as reopening e ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil prices lost more than 5% on Wednesday
June 25, 2020
Recap: Oil prices lost more than 5% on Wednesday as evidence of rising coronavirus cases in many countries raised questions about efforts to restart global economies and U.S. government data reveal a third straight weekly climb in domestic crude inventories. The International Mon ...
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Market Insights
Heating Oil
Gasoline
Crude
Demand fears overshadowed any supportive news to push prices lower
June 24, 2020
Recap: Oil futures gave up early gains to finish lower on Tuesday, as conflicting government statements on the status of U.S.-China trade deal and a rise in Covid-19 cases feeding uncertainty over the outlook for energy demand. Prices rose a day after Trump wrote in a tweet late ...
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Market Insights
Natural Gas
Basis
NYMEX
July NYMEX Natural Gas Futures Contract Closed at $1.637 on Tuesday, June 23rd
June 24, 2020
Tuesday, June 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.644, two cents below Monday’s closing price of $1.664. Trading downward to an intraday low of $1.614 by 10:10AM, prices churned slowly higher to cross midday at $1.645. Trading within a narrow ...
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Market Insights
Natural Gas
Basis
NYMEX
July NYMEX Natural Gas Futures Contract Closed at $1.664 on Monday, June 22nd
June 23, 2020
Monday, June 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.696, three cents above Friday’s closing price of $1.669. Dropping nearly three cents by 9:30AM, the contract plodded higher to reach an intraday high of $1.712 just ahead of midday. Per the EIA, ...
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Market Insights
Heating Oil
Gasoline
Crude
Prices received a boost from plummeting U.S. and Canadian oil rig counts
June 23, 2020
Recap: Oil futures finished higher on Monday, on tighter supplies from major producers as traders weighed the prospects for energy demand amid rising cases of Covid-19. Prices also received a boost from plummeting U.S. and Canadian oil rig counts, an indicator of future supply, a ...
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Market Insights
Natural Gas
Basis
NYMEX
July NYMEX Natural Gas Futures Contract Closed at $1.669 on Friday, June 19th
June 22, 2020
Friday, June 19th saw the front-month NYMEX Natural Gas Futures Contract open at $1.650, a penny above Thursday’s closing price of $ $1.638. Falling to an intraday low of $1.642 soon after the opening bell, prices jumped four cents in the following two hours to tag an intraday h ...
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