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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.

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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The Oil Market Traded Lower on Monday as Russia Revised its Fuel Ban

September 26, 2023
Recap: The oil market traded lower on Monday as Russia revised its fuel ban. The market traded mostly sideways in overnight trading and posted a high of $90.83 as the market remained concerned about higher interest rates that could impact demand. However, the crude market erased ... Read More
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The Oil Market Erased its Gains on Expectations that the Ban on Product Exports Will Not Be For Long

September 25, 2023
Recap: While the oil market traded higher early on Friday on renewed supply concerns from Russia’s fuel export ban, it erased its gains on expectations that the ban on product exports will not be for long. The crude market retraced some of Thursday’s losses and breached its previ ... Read More
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The Oil Market on Thursday Sold Off in Overnight Trading but Bounced Higher on News of a Russian Ban on Fuel Exports

September 22, 2023
Recap:  The oil market on Thursday sold off in overnight trading but bounced higher on news of a Russian ban on fuel exports. The November WTI contract on its first day as the spot contract continued to find some further selling pressure following the news that while the Federal ... Read More
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The Oil Market Retraced Some of its Recent Gains on Wednesday Ahead of the October Contract's Expiration

September 21, 2023
Recap:  The oil market retraced some of its recent gains on Wednesday ahead of the October contract’s expiration at the close. The market opened 35 cents higher at $91.55 and continued to find some selling pressure in overnight trading following Tuesday’s sell off from its highs. ... Read More
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