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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
A Rebound Ensued, with Both Brent and WTI Jumping Over the $115 Level
May 18, 2022
Recap: Oil prices seesawed throughout the session on Tuesday, initially opening lower in early Asian trade after the European Union’s efforts to enact a ban on Russian oil imports, a move that would tighten global supply, ran into resistance from member country Hungary. A rebound ...
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Natural Gas
Basis
NYMEX
June NYMEX Natural Gas Futures Contract Closed at $8.304 on Tuesday, May 17th
May 18, 2022
Tuesday, May 17th saw the June NYMEX Natural Gas Futures Contract open at $8.224, twenty-seven cents above Monday’s closing price of $7.956. Trading within a tight band, relative at least to past few sessions, near the $8.260 level for the majority of the day as the main driver o ...
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Market Insights
Heating Oil
Gasoline
Crude
Crude Markets Are Riding a Bullish Wave for Refined Fuels in the US
May 17, 2022
Recap: WTI surged to its highest since March 23, finishing up 3.4% at $114.20 a barrel. Higher stock market prices on Wall Street gave a bullish jolt to risk appetite in the energy commodities sphere, while moves by Sweden and Finland to join NATO added a different risk--risk pr ...
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Natural Gas
Basis
NYMEX
June NYMEX Natural Gas Futures Contract Closed at $7.956 on Monday, May 16th
May 17, 2022
Monday, May 16th saw the June NYMEX Natural Gas Futures Contract open at $7.849, nearly nineteen cents above Friday’s closing price of $7.663. Surging upward after the opening bell to tally a ten-day intraday high of $8.183, struggling production and steady European demand provid ...
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Market Insights
Natural Gas
Basis
NYMEX
June NYMEX Natural Gas Futures Contract Closed at $7.663 on Friday, May 13th
May 16, 2022
Friday, May 13th saw the June NYMEX Natural Gas Futures Contract open at $7.881, fourteen cents above Thursday’s closing price of $7.739. Achieving the intraday high of $7.911 out of the gate, prices moved decidedly lower to cross $7.620 by 9:30AM as mild short-term temperatures ...
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Market Insights
Heating Oil
Gasoline
Crude
RBOB Futures Surged to a Record Close on Friday, Boosting Crude Oil to a Positive Weekly Finish
May 16, 2022
Recap: RBOB futures surged to a record close on Friday, boosting crude oil to a positive weekly finish. Driving today's large gains was a rebound in risk appetite as US stock markets rallied a bit after a brutal trading week. Also, energy investors remain very concerned over fal ...
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Market Insights
Natural Gas
Basis
NYMEX
June NYMEX Natural Gas Futures Contract Closed at $7.739 on Thursday, May 12th
May 13, 2022
Thursday, May 12th saw the June NYMEX Natural Gas Futures Contract open at $7.383, twenty-six cents below Wednesday’s closing price of $7.640. Marking the intraday low of $7.271 out of the gate, prices rose aggressively to reach surpass $7.700 by 10:00AM. Jumping to $7.732 as the ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Futures Slipped in Early Trading on Thursday, as Traders Struggle With the Direction of This Market
May 13, 2022
Recap: Oil futures slipped in early trading on Thursday, as traders struggle with the direction of this market amid continued COVID lockdowns in China, high inflation fears and the Russian invasion of Ukraine. Adding to the early pressure was OPEC, which lowered its forecast for ...
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Market Insights
Natural Gas
Basis
NYMEX
June NYMEX Natural Gas Futures Contract Closed at $7.640 on Wednesday, May 11th
May 12, 2022
Wednesday, May 11th saw the June NYMEX Natural Gas Futures Contract open at $7.617, twenty-three cents above Tuesday’s closing price of $7.385. Sinking to the intraday low of $7.617 early on, the contract posted a jump to the $7.640 level as short-term weather forecasts turn bull ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Futures Shrugged Off the 8.5 Million Barrel Increase in U.S. Crude Oil Inventories
May 12, 2022
Recap: Oil futures shrugged off the 8.5 million barrel increase in U.S. crude oil inventories, to turn markedly higher on the day after the EIA released its report showing a 3.6 million barrel drop in U.S. gasoline inventories and as distillate stockpiles fell 900,000 barrel to a ...
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