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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
Concerns of a Broader Recession that Could Reduce Demand
March 15, 2023
Recap: The oil market continued on its downward path on Tuesday following Monday’s trading session, when the market saw a $5 trading range. The market posted a high of $74.90 in overnight trading before the market extended the previous day’s decline as the collapse of Silicon Val ...
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The Market Whipsawed on Monday Amid Worries of a Possible Banking Crisis
March 14, 2023
Recap: The oil market posted an outside trading day as the market whipsawed on Monday amid worries of a possible banking crisis. The market traded to a high of $77.47 in overnight trading due to a weaker dollar. However, the market gave up its gains and sold off sharply as the c ...
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Heating Oil
Gasoline
Crude
The Session Ended in Positive Territory Following the Release of the February Payroll Report
March 13, 2023
Recap: The crude oil market on Friday traded lower early in the session as it continued on its recent downward path but retraced some of its previous losses and ended the session in positive territory following the release of the February payroll report. The report showed that w ...
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Heating Oil
Gasoline
Crude
The Market Traded Sideways in Overnight Trading
March 10, 2023
Recap: The oil market posted an outside trading day as the market, which looked to have taken a breather early in the session after two previous down days, continued on its downward path and sold off sharply in afternoon trading. The market traded sideways in overnight trading a ...
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Heating Oil
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Crude
Fears that More Aggressive U.S. Interest Rate Hikes Would Pressure Economic Growth
March 9, 2023
Recap: The oil market on Wednesday extended its losses amid fears that more aggressive U.S. interest rate hikes would pressure economic growth. The Federal Reserve Chair reaffirmed his message of higher and potentially faster interest rate hikes but emphasized that debate was st ...
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Heating Oil
Gasoline
Crude
The Market Continued to Trade Higher Following Five Days of Gains
March 8, 2023
Recap: The oil market posted an outside trading day on Tuesday as the market continued to trade higher following five days of gains before it gave up all of Monday’s gains and more as China issued weak data and comments from U.S. Federal Reserve Chair Jerome Powell stoked rate hi ...
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Heating Oil
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Crude
The Crude Market on Monday Erased its Earlier Losses and Settled in Positive Territory
March 7, 2023
Recap: The crude market on Monday erased its earlier losses and settled in positive territory for the fifth consecutive session. The market retraced some of its previous losses amid the news that China set a lower than expected target for economic growth this year at about 5%. T ...
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Heating Oil
Gasoline
Crude
The Oil Market Traded Sideways in Overnight Trading but Breached its Previous Range
March 6, 2023
Recap: On Friday, the oil market traded sideways in overnight trading but breached its previous range and posted an outside trading day by noon as the market was headline driven. The crude market quickly sold off sharply early in the session, extending its losses to over $2.30 as ...
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Heating Oil
Gasoline
Crude
The Oil Market Continued to Trend Higher on Thursday Amid Signs of an Economic Recovery in China
March 3, 2023
Recap: The oil market continued to trend higher on Thursday amid signs of an economic recovery in China. Data released on Wednesday showed that manufacturing activity in China grew last month at the fastest pace in more than a decade and China’s seaborne imports of Russian oil a ...
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Heating Oil
Gasoline
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The Market Rallied Higher Early in the Session
March 2, 2023
Recap: The oil market posted an inside trading day as the market rallied higher early in the session on hopes of increased demand amid an expansion in China’s manufacturing activity but failed to breach its previous highs. The oil market traded to $77.74 as an official index sho ...
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