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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 on Wednesday Continued to Trend Higher Following a Large Unexpected Draw in Crude Oil Stocks
May 25, 2023
Recap: The oil market on Wednesday continued to trend higher following a large unexpected draw in crude oil stocks and a warning from the Saudi Energy Minister on Tuesday that raised the prospect of further OPEC+ production cuts. The market traded higher overnight following the ...
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Natural Gas
Basis
NYMEX
June NYMEX Natural Gas Futures Contract Closed at $2.321 on Tuesday, May 23rd
May 24, 2023
Tuesday, May 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.376, two cents below Monday’s closing price of $2.400. Trading within a three-cent range of $2.360 for the majority of the morning, prices rose to tally the intraday high of $2.400 at 11:15AM. Los ...
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Market Insights
Heating Oil
Gasoline
Crude
The Market Awaited News on Further Debt Ceiling Negotiations
May 24, 2023
Recap: The oil market continued to trade within its two-week trading range as the market awaited for news on further debt ceiling negotiations. The market traded towards the upper end of the range on optimism that the U.S. would avoid a debt default and a warning from Saudi Ara ...
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Natural Gas
Basis
NYMEX
June NYMEX Natural Gas Futures Contract Closed at $2.400 on Monday, May 22nd
May 23, 2023
Monday, May 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.487, ten cents below Friday’s closing price of $2.585. Tallying the intraday high of $2.488 within minutes of the opening, as forecasts for early June remain unsupportive, prices dwindled lower thr ...
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Market Insights
Heating Oil
Gasoline
Crude
The market rebounded as traders awaited the resumption of U.S. debt ceiling talks
May 23, 2023
Recap: The oil market on Monday traded higher after the market rebounded as traders awaited the resumption of U.S. debt ceiling talks. The market breached its previous low of $70.63 and traded to a low of $70.55 in overnight trading before it bounced off that level and rallied hi ...
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Market Insights
Natural Gas
Basis
NYMEX
June NYMEX Natural Gas Futures Contract Closed at $2.585 on Friday, May 19th
May 22, 2023
Friday, May 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.641, five cents above Thursday’s closing price of $2.592. Seeking direction early on, prices traded within an eight-cent range through 9:45AM, marking the intraday low of $2.602 along the way. Weig ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market on Friday Posted an Outside Trading Day Following Thursday's Inside Trading Session
May 22, 2023
Recap: The oil market on Friday posted an outside trading day following Thursday’s inside trading session. The market traded mostly sideways overnight before it breached its previous highs and posted a high of $73.40 by mid-morning amid the market’s cautious optimism over the fa ...
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Market Insights
Natural Gas
Basis
NYMEX
June NYMEX Natural Gas Futures Contract Closed at $2.592 on Thursday, May 18th
May 19, 2023
Thursday, May 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.405, four cents above Wednesday’s closing price of $2.365. Slipping to the intraday low of $2.360 ahead of 10:00AM, prices recovered to the $2.390 level ahead of the weekly storage publication. S ...
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Market Insights
Heating Oil
Gasoline
Crude
The Market Awaits the Outcome of the Debt Ceiling Negotiations
May 19, 2023
Recap: The oil market on Thursday posted an inside trading day as the market awaits the outcome of the debt ceiling negotiations. Early in the session, the market posted a high of $72.87 before it found some selling pressure amid the strength the dollar and increasing expectatio ...
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Market Insights
Natural Gas
Basis
NYMEX
June NYMEX Natural Gas Futures Contract Closed at $2.365 on Wednesday, May 17th
May 18, 2023
Wednesday, May 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.395, two cents above Tuesday’s closing price of $2.376. Losing ground early on to record the intraday low of $2.322 at 9:30AM, traders seem to be digesting market factors such as declining produ ...
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