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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.

Concerns Over Fuel Demand in the U.S. Against Worries of Supply Disruptions

April 26, 2024
Recap:  The crude market on Thursday posted an outside trading day as the market weighed slower economic growth in the first quarter, which added to concerns over fuel demand in the U.S., against worries of supply disruptions as Israel may start an assault on Gaza’s city of Rafah ... Read More
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The Crude Market Continued to Trend Higher in Overnight Trading Following the API Report Showing an Unexpected Draw

April 25, 2024
Recap:  The oil market ended the session lower, despite a bullish EIA petroleum stock report. The crude market continued to trend higher in overnight trading following the API report showing an unexpected draw of over 3.2 million barrels in crude stocks. The market rallied to a h ... Read More
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Supportive Economic Data Out of Europe and a Fall in the U.S. Dollar Index

April 24, 2024
Recap:  The oil market on Tuesday traded higher and retraced some of its previous losses amid some supportive economic data out of Europe and a fall in the U.S. dollar index to its lowest in over a week. The crude market traded higher in overnight trading as it rallied to $83.01. ... Read More
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The Market's Middle East Political Risk Premium Dissipated as Tensions Have Not Impacted Supply

April 23, 2024
Recap:  The oil market posted an inside trading day on Monday as the May WTI contract expired at the close. The market’s Middle East political risk premium dissipated as tensions have not impacted supply. The market shrugged off news over the weekend of a blast at an Iraqi milita ... Read More
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The Oil Market Sold Off on Friday Following an Overnight Rally of More Than 4.2%

April 22, 2024
Recap:  The oil market sold off on Friday following an overnight rally of more than 4.2% after Iran played down Israeli attacks on its soil, in a sign that a further escalation of tensions in the Middle East may be averted. The market rallied $3.55 cents to a high of $86.28 in ov ... Read More
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The Oil Market Ended Slightly Higher on Thursday After it Saw Some Further Unwinding of the Geopolitical Risk Premium

April 19, 2024
Recap:  The oil market ended the session slightly higher on Thursday after it saw some further unwinding of the geopolitical risk premium early in the session. The market was also pressured early in the session as it focused on fundamentals following the EIA weekly petroleum stoc ... Read More
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The Oil Market Continued its Sell Off for the Third Consecutive Session

April 18, 2024
Recap:  The oil market continued its sell off for the third consecutive session on Wednesday as geopolitical concerns eased in the wake of the weekend attacks by Iran on Israel. The market was also pressured by the builds reported in U.S. crude stocks. The market opened lower and ... Read More
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The Market's Perceived Risk to Supply Eased

April 17, 2024
Recap:  The oil market traded lower for a second day on Tuesday as the market’s perceived risk to Middle East supply eased. The market was also weighed down by a stronger than expected U.S. retail sales report for March that further reinforced expectations that the U.S. Federal R ... Read More
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The Oil Market Moved Lower as the Risk Premium Eased Following Iran's Attack on Israel

April 16, 2024
Recap:  The oil market moved lower as the risk premium eased following Iran’s weekend attack on Israel. Iran's attack, which involved more than 300 missiles and drones, was mostly priced in over the days leading up to it late last week and caused only modest damage, with missiles ... Read More
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Geopolitical Tensions in the Middle East Outweighed a Bearish World Oil Demand Growth Forecast

April 15, 2024
Recap:  The oil market ended the session higher on Friday as the geopolitical tensions in the Middle East outweighed a bearish world oil demand growth forecast from the IEA and reduced expectations for U.S. interest rate cuts this year. The crude market remained well supported by ... Read More
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