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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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The Oil Market Built On its Gains Seen in the Previous Session
October 28, 2022
Recap: On Thursday, the oil market built on its gains seen in the previous session as record crude exports and signs that recession fears are abating outweighed concerns over Chinese demand. The market was supported by economic data that showed moderate U.S. GDP annual growth of ...
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U.S. Fuel Inventories Remain Well Below Normal
October 27, 2022
Recap: Oil futures exploded on Wednesday, adding to early gains after the release of the EIA report which showed U.S. fuel inventories remain well below normal as domestic demand picks up and refinery activity unexpectedly slows down. US exports of crude-oil and refined fuels le ...
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Natural Gas and RBOB Lead the Energy Complex Higher on Tuesday
October 26, 2022
Recap: Natural gas and RBOB lead the energy complex higher on Tuesday, as traders begin to gear up for winter and as industry analysts expect U.S. gasoline stockpiles to decrease by 800,000 barrels. This would bring gasoline inventories within striking distance of the eight year ...
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Oil Futures Settled Lower on Monday
October 25, 2022
Recap: Oil futures settled lower on Monday, as lackluster import data from China and the conclusion of the Communist party's national congress helped to dull expectations for energy demand from the world's second largest oil consumer. December WTI fell 47 cents, or nearly 0.6%, ...
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Oil Prices Rose in Choppy Trade on Friday
October 24, 2022
Recap: Oil prices rose in choppy trade on Friday as hopes of stronger Chinese demand and a weakening U.S. dollar outweighed concern about a global economic downturn and the impact of interest rate rises on fuel use. To fight inflation, the U.S. Federal Reserve is trying to slow ...
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Oil Futures Ended on a Mixed Note Thursday
October 21, 2022
Recap: Oil futures ended on a mixed note Thursday, with the November U.S. benchmark contract ending higher on its expiration day, but the December contract little changed. Oil found some support from reports that China is looking to cut the duration of quarantine for inbound vis ...
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The Market Reacted to a Report from the Energy Information Administration
October 20, 2022
Recap: Oil futures climbed on Wednesday, with U.S. prices up by more than 3%. The oil market rebounded as the tug-of-war between concerns over supply and fears over demand continue the back-and-forth price action that has been a feature of the past few weeks. The market reacted ...
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The Biden Administration is Moving Toward a Release of Another 10 to 15 Million Barrels of Oil from the SPR
October 19, 2022
Recap: Oil futures ended lower on Tuesday, as talk of another release of crude from the U.S. Strategic Petroleum Reserve combined with ongoing fears of a recession that could slow energy demand to push prices to their lowest settlement in more than two weeks. Oil markets were dr ...
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Oil Futures Finished Lower on Monday in What Was a Volatile Trading Session
October 18, 2022
Recap: Oil futures finished lower on Monday in what was a volatile trading session. Oil prices were moved by fears that high inflation and energy cost could drag the global economy into recession, offsetting China’s continuation of loose monetary policy. Meanwhile, U.S. inflatio ...
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Global Recession Fears and Weak Oil Demand Outweighed Support
October 17, 2022
Recap: Oil prices plummeted on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target. China, the world's largest crude oil importer, has been fighting COVID flare-ups after a week-long holiday. T ...
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