COVID-19 Response
Stay current on the latest announcements and news from Sprague - including press releases, product spec sheets, and case studies. Download PDF Reader.

The Crude Oil Market on Wednesday Continued on its Downward Trend

February 23, 2023
Recap: The crude oil market on Wednesday continued on its downward trend as concern over fuel demand were prompted by expectations that the minutes of the U.S. Federal Reserve’s last policy meeting would indicate a need for higher interest rates. The crude market posted a high of ... Read More
Download

The Oil Market Traded Within Friday's Trading Range During Monday's Shortened Session

February 22, 2023
Recap:  The oil market traded within Friday’s trading range during Monday’s shortened session and remained range bound on Tuesday. The market rallied to a high of $77.51 during Monday’s session on optimism over Chinese demand, which analysts expect to rebound this year after COVI ... Read More
Download

The Crude Oil Market on Friday Traded Lower

February 21, 2023
Recap:  The crude oil market on Friday traded lower, pressured by concerns of further U.S. Federal Reserve interest rate hikes and a recession that could weigh on demand. Two Federal Reserve officials on Thursday warned of additional interest rate hikes to lower inflation to the ... Read More
Download

The Market Weighed Mixed U.S. Economic Signals

February 17, 2023
Recap:  The oil market traded sideways as the market weighed mixed U.S. economic signals and the prospects for a recovery in Chinese demand. The market traded to a high of $79.54 in overnight trading, holding resistance at a previous high of $79.61 posted on Tuesday. The market w ... Read More
Download

The Market Sold Off Sharply Following the Release of the EIA Petroleum Stock Report

February 16, 2023
Recap:  The oil market looked ready to post an inside trading day early in the session, however the market sold off sharply following the release of the EIA petroleum stock report on Wednesday morning. The market, which traded lower in overnight trading following the API report l ... Read More
Download

The U.S. Government Said it Would Release More Crude from its SPR

February 15, 2023
Recap: The oil market started the session lower on news that the U.S. government said it would release more crude from its SPR, while the market looked for U.S. inflation data for further direction. The U.S. Department of Energy announced it would sell 26 million barrels of oil f ... Read More
Download

Short-Term Demand Concerns Ahead of the Release of U.S. Inflation Data

February 14, 2023
Recap:  The oil market traded higher on Monday, continuing last week’s upward momentum as the market weighed Russia’s plans to cut production in March and short-term demand concerns ahead of the release of U.S. inflation data. The oil market opened lower and posted a low of $78.4 ... Read More
Download

The West Imposed Price Caps on its Oil and Oil Products

February 13, 2023
Recap:  The oil market continued on its upward trend on Friday on Russia’s announcement that it plans to cut its oil production in March by 500,000 bpd after the West imposed price caps on its oil and oil products. The market posted a low of $77.47 in overnight trading before it ... Read More
Download

Builds in Oil Inventories Reported by the EIA on Wednesday Helped Limit the Market's Gains

February 10, 2023
Recap:  The crude market posted an outside trading session as the market was initially buoyed by hopes of increased Chinese demand while the builds in oil inventories reported by the EIA on Wednesday helped limit the market’s gains. The market was also pressured as U.S. Federal R ... Read More
Download

Investor Concern Over U.S. Interest Rates Eased

February 9, 2023
Recap:  The oil market continued to trend higher for the third consecutive session on Wednesday as investor concern over U.S. interest rates eased. Comments from U.S. Federal Reserve Chair, Jerome Powell on Tuesday were seen as less hawkish than feared, pushing the dollar lower. ... Read More
Download
Displaying results 291-300 (of 1546)
 |<  <  26 - 27 - 28 - 29 - 30 - 31 - 32 - 33 - 34 - 35  >  >| 

Search

Tags