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Stay current on the latest announcements and news from Sprague - including press releases, product spec sheets, and case studies. Download PDF Reader.

The Oil Market Rallied Higher on Monday After Military Clashes Between Israel and the Palestinian Islamist Group Hamas Prompted Fears of Instability in the Middle East

October 10, 2023
Recap: The oil market rallied higher on Monday after military clashes between Israel and the Palestinian Islamist group Hamas prompted fears of instability in the Middle East. The market retraced some of last week’s sharp losses as it gapped higher on the opening from $83.28 to $ ... Read More
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The Market Was Pressured Early in the Session Following Another Partial Lifting of Russia's Fuel Export Ban

October 9, 2023
Recap: The oil market ended the session in positive territory but ended the week down 8.81%, the largest weekly decline since the week ending March 17th. The market was pressured early in the session following another partial lifting of Russia’s fuel export ban. Russia announced ... Read More
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The Crude Market Remained Pressured as an Uncertain Demand Outlook Overshadowed an OPEC+ Decision to Maintain its Output Cuts

October 6, 2023
Recap: The oil market on Thursday continued on its downward spiral, posting a 7.8% decline over the past two trading sessions, the largest two-day decline since May 3rd. Crude is down more than 12% from its peak back on September 27th. The crude market remained pressured as an un ... Read More
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The oil market sold off more than $5 on Wednesday

October 5, 2023
Recap: The oil market sold off more than $5 on Wednesday as demand fears offset the pledges by Saudi Arabia and Russia to continue cutting output until the end of the year. Overnight, the market traded mostly sideways and posted a high of $89.59. However, the market breached its ... Read More
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Traders Weighed on Some Bearish Economic News and Tightening Supply

October 4, 2023
Recap:   The oil market retraced some of its losses after falling to a three week low earlier in the session despite the strength in the U.S. dollar. Traders weighed some bearish economic news and tightening supply. The market traded lower early in the session as the U.S. dollar ... Read More
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The Oil Market on Monday Sold Off After a Monthly ISM Report Showed that the U.S. Manufacturing Sector Fell for the 11th Consecutive Month

October 3, 2023
Recap:  The oil market on Monday sold off after a monthly ISM report showed that the U.S. manufacturing sector fell for the 11th consecutive month in September. The market, which sold off on Friday on some profit taking, traded sideways in overnight trading and posted a high of $ ... Read More
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Further Profit Taking Following Thursday's Rally That Pushed the Market Over the $95 Level

October 2, 2023
Recap:  The oil market on Friday sold off on some further profit taking following Thursday’s rally that pushed the market over the $95 level before it retraced some of its gains. The market traded sideways in overnight trading and posted a high of $93.10 amid a weaker dollar. How ... Read More
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The Crude Market on Thursday Rallied to its Highest Level in More Than a Year on Concern of Tight Supply

September 29, 2023
Recap:  The crude market on Thursday rallied to its highest level in more than a year on concern of tight supply before it erased its gains by the end of the session on profit taking. The market traded mostly sideways before it rallied over the $95 level for the first time since ... Read More
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The Oil Market Rallied Sharply Higher on Wednesday, Posting its Largest One Day Gain Since Early May

September 28, 2023
Recap:  The oil market rallied sharply higher on Wednesday, posting its largest one day gain since early May as it continued to trade in its upward trend channel. The market continued to trade higher in overnight trading after it briefly breached the lower boundary of its channel ... Read More
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The Oil Market Rallied Higher After Posting a Two-Week Low Earlier on Tuesday as the Market Positioned Itself Ahead of the Release of the Weekly Petroleum Stocks Reports

September 27, 2023
Recap:   The oil market rallied higher after posting a two-week low earlier on Tuesday as the market positioned itself ahead of the release of the weekly petroleum stocks reports. In overnight trading, the crude market breached its previous low and the lower boundary of its upwar ... Read More
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