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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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Concerns Over Production Disruptions From Hurricane Ian Subsided
September 30, 2022
Recap: Oil futures finished lower on Thursday as a sharp decline in U.S. stock markets sparked broader risk aversion across asset classes including energy commodities and as concerns over production disruptions from Hurricane Ian subsided. Despite the lower move WTI held above $8 ...
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A Mostly Bullish EIA Report Showed Across-the-Board US Inventory Declines
September 29, 2022
Recap: Oil prices extended earlier gains, after a mostly bullish EIA report that showed across-the-board US inventory declines in the three main categories--crude, gasoline and distillates.The weekly report also showed a 100k bpd drop in US crude production, to 12M bpd. Perhaps ...
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U.S. Consumer Confidence is Seeing Some Improvement as Gasoline Prices Decline from Their All-Time Highs in June
September 28, 2022
Recap: Oil futures bounced off of seven month lows after a report shows U.S. consumer confidence is seeing some improvement as gasoline prices decline from their all-time highs in June. Oil prices also recovered as traders reacted to Russia’s plans to reduce OPEC+ production by ...
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Oil Futures Posted Sharp Declines for the Second Straight Sessions
September 27, 2022
Recap: Oil futures posted sharp declines for the second straight sessions, marking their lowest level since January 3. The market has now fallen by 8.1% over the past two trading sessions and is only about $1 higher from where it began the year. Global macro risks and energy po ...
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WTI Fell Below $80 a Barrel for the First Time Since January Amid Continued Concerns Over Energy Demand
September 26, 2022
Recap: WTI fell below $80 a barrel for the first time since January amid continued concerns over energy demand, as recession fears gripped financial markets, sinking equities and government bonds, while contributing to a further rise by the U.S. dollar. With inflation running at ...
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Oil rose on Thursday in volatile trading focused on Russian oil supply concerns
September 23, 2022
Recap: Oil rose on Thursday in volatile trading focused on Russian oil supply concerns and as the Bank of England hiked interest rates less than some had expected. Russian President Putin’s strong rhetoric pushed the oil market higher early in the session, but this economically t ...
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The EIA reported the third weekly rise in U.S. crude supplies
September 22, 2022
Recap: Oil futures fell on Wednesday after the EIA reported the third weekly rise in U.S. crude supplies and on expectations that the U.S. Federal Reserve will once again raise interest rates that may slow demand for energy. Prices gave up early gains from the possibility of an ...
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The U.S. Recently Announced it Would Sell Up to 10 Million Barrels for Delivery in November
September 21, 2022
Recap: Oil futures fell on Tuesday, as traders geared up for the Tuesday/Wednesday U.S. Federal Reserve meeting, where another rate hike is expected. Traders were also concerned about sale from the U.S. Strategic Petroleum Reserve. The U.S has recently announced that it would se ...
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Global Demand Could Slow Due to a Strong U.S. Dollar and Possible Large Increases to Interest Rates
September 20, 2022
Recap: Oil prices held steady in volatile trading on Monday, as traders balanced worries about tight supplies with fears that global demand could slow due to a strong U.S. dollar and possible large increases to interest rates. Recession woes continue to put pressure on commod ...
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Concern Over Tight Supplies was Outweighed by Escalating Fear of Sharp Interest Rate Hikes
September 19, 2022
Recap: Oil prices dipped in early trade on Friday, extending the week's losses as concern over tight supply was outweighed by escalating fear of sharp interest rate hikes slamming global growth and hitting fuel demand. The market was also rattled this week by the International E ...
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