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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
OPEC and Russia gave mixed signals in regard to additional output cuts
February 7, 2020
Recap: Trading was mostly mixed on Thursday, with oil prices giving up early gains, as OPEC and Russia gave mixed signals in regard to additional output cuts and as the coronavirus continues to spread. March WTI tacked on as much as $1.45, or 2.8%, to trade at a session high of $ ...
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Gasoline
Crude
Oil prices were off to their best day of 2020
February 6, 2020
Recap: Oil prices rose Wednesday, reversing course from their steady drop to start the year in a move that some traders attributed to unconfirmed media reports that a Chinese university found a treatment for the fast-spreading coronavirus. Oil prices were off to their best day of ...
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Heating Oil
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Crude
OPEC and its allies considered deeper production cuts
February 5, 2020
Recap: Oil futures gave up earlier gains to finish with a loss on Tuesday, with U.S. prices below $50 a barrel for the first time in more than a year, as demand worries continue to plague the market. Prices fell even as the Organization of the Petroleum Exporting Countries and it ...
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Heating Oil
Gasoline
Crude
Oil prices fell to the lowest in more than a year on Monday
February 4, 2020
Recap: Oil prices fell to the lowest in more than a year on Monday, dragged down by concern over demand in China after the coronavirus outbreak, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support. March WTI settled at $50.11 a bar ...
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Heating Oil
Gasoline
Crude
The EIA reported that U.S crude oil inventories rose by 3.5 million barrels
February 3, 2020
Recap: After spiking in January in response to the U.S. drone attack that killed Iran’s top military agent, oil prices slid a painful 15%, the biggest January slide since 1991, as the coronavirus, which originated in China, spreads global fears of a slowdown in economic growth. A ...
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Heating Oil
Gasoline
Crude
Oil prices fell 3% on Thursday to a fresh three month low
January 31, 2020
Recap: Oil prices fell 3% on Thursday to a fresh three month low on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting. Both WTI and Brent are down approximat ...
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Heating Oil
Gasoline
Crude
The EIA reported an unexpected 3.5 million barrel increase in U.S. crude oil inventories
January 30, 2020
Recap: Oil prices were mixed on Wednesday with WTI posting losses after the EIA reported an unexpected 3.5 million barrel increase in U.S. crude oil inventories, the largest increase since November. Meanwhile, Brent held on to gains on the back of reported conflicts in the Middle ...
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Heating Oil
Gasoline
Crude
Reports circulated that OPEC and its allies were weighing in on the possibility of deeper output cuts
January 29, 2020
Recap: After dipping by almost 1%, oil prices gained support, as the stock market rebounded and as reports circulated that OPEC and its allies were weighing in on the possibility of deeper output cuts. March WTI rose toward $54.00, to peak the session at $53.92 before trimming ga ...
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Heating Oil
Gasoline
Crude
Oil futures fell for a fifth straight session on Monday
January 28, 2020
Recap: Both crude benchmarks have slipped to lows not seen since early October, as oil traders closely monitor the outbreak of a deadly pneumonia-like virus. Oil futures fell for a fifth straight session on Monday, as concern over the economic impact of the coronavirus has fed ex ...
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Heating Oil
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Crude
Crude oil prices fell by more than 3% on Friday
January 27, 2020
Recap: Crude oil prices fell by more than 3% on Friday, with Brent heading toward $60.00 a barrel and with WTI breaching the $54.00 level for the first time since November, as concerns that the coronavirus, which is spreading in China, will spread farther, curbing travel and oil ...
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