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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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Heating Oil
Gasoline
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The COVID-19 Delta variant increased fear that global demand would be significantly impacted
July 28, 2021
Recap: Oil prices eased on Tuesday as the spread of the COVID-19 Delta variant increased fear that global demand would be significantly impacted, despite tightening supplies and rising vaccine rates. Volatility in the oil markets was muted, with prices falling into a sideways tra ...
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Heating Oil
Gasoline
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Oil futures fell in overnight trading
July 27, 2021
Recap: Oil futures fell in overnight trading as the spread of the COVID-19 Delta variant raised concern about demand, but losses were limited by the forecast that crude oil supply will be tight the rest of the year. Coronavirus case rose over the weekend, with some countries repo ...
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Heating Oil
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Crude
Baker Hughes reported that the oil and gas rig count increased by seven to 491
July 26, 2021
Recap: Oil futures were little changed on Friday, after a strong recovery from Monday’s selloff, underpinned by expectations that supply will remain tight through the year. The price of oil and other riskier assets tumbled at the start of the week on concern over the impact on th ...
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Heating Oil
Gasoline
Crude
Oil futures rose for the third straight day
July 23, 2021
Recap: Oil futures rose for the third straight day, further ignoring the bearish U.S. inventory report and the spread of the Covid-19 Delta variant, as well as reports on Thursday stating China released 22 million barrels of oil from its strategic reserve in a bid to keep a check ...
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Heating Oil
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Data showed an unexpected 2.1 million barrel build in U.S. crude oil inventories
July 22, 2021
Recap: Oil futures jumped on Wednesday despite data showing an unexpected 2.1 million barrel build in U.S. crude oil inventories, which broke an eight week streak of declines. The driver behind the increase in stockpiles was a surge in imports, which reached their highest in a ye ...
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Heating Oil
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Crude
Oil futures bounced back on Tuesday
July 21, 2021
Recap: Perhaps a little bit overdone to the downside, oil futures bounced back on Tuesday, erasing some of the panic selling seen on Monday after OPEC+ agreed to boost supplies, and as concern over the surging delta coronavirus variant increased. Despite today's modest bounce, oi ...
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Heating Oil
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OPEC and its allies agreed to increase monthly output by 400,000 barrels per day
July 20, 2021
Recap: Oil futures plummeted more than 8% on Monday as OPEC and its allies agreed to increase monthly output by 400,000 barrels per day, while the spread of the delta variant prompted traders to unload risk. A rise in the U.S. dollar also added to the pressure. While oil supply i ...
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Heating Oil
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Oil futures suffered their worst weekly loss since March
July 19, 2021
Recap: Oil futures experienced a double blow this week, suffering their worst weekly loss since March, pressured by the possibility of additional OPEC supplies coming to the market and unfavorable fuel inventory data in the U.S. The United Arab Emirates and Saudi Arabia reported ...
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Heating Oil
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Crude
Crude oil futures fell for the second straight session
July 16, 2021
Recap: Crude oil futures fell for the second straight session, pressured by strength in the dollar, weak demand for gasoline in the U.S. and the prospect of additional supplies from the OPEC+ group after Saudi Arabia and the United Arab Emirates reached an agreement on their dis ...
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Heating Oil
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The EIA report showed that domestic crude supplies fell for an 8th week in a row
July 15, 2021
Recap: Oil futures reversed early gains on Wednesday after Reuters reported that Saudi Arabia and the United Arab Emirates reached a compromise over a global supply deal that will allow the UAE to boost its output and following the EIA report, which reflected a decline in U.S. ga ...
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