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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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Market Insights
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Gasoline
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Oil futures rose more than 1% on Tuesday
December 18, 2019
Recap: Oil futures rose more than 1% on Tuesday, with WTI trading above $61.00 a barrel for the first time since mid- September and Brent breaching $66.00 in equally as much time. Prices were supported by hopes that a trade deal between the U.S. and China would boost demand for o ...
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Oil futures held close to three month highs on Monday
December 17, 2019
Recap: Oil futures held close to three month highs on Monday, gaining as the U.S. and China have come to an agreement on what is being referred to as phase-one of the trade talks between the two countries. January WTI held above $60.00 for the second straight day, to close the se ...
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Heating Oil
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Oil futures climbed on Friday, with U.S. prices touching their highest levels since mid-September
December 16, 2019
Recap: Oil futures climbed on Friday, with U.S. prices touching their highest levels since mid-September, after China said it has reached an agreement on the text of a phase one trade agreement with the United States. A drop in the U.S. dollar coupled with a strong pound also hel ...
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Heating Oil
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Oil futures bounced to their highest levels of the session on Thursday
December 13, 2019
Recap: Oil futures bounced to their highest levels of the session on Thursday following a tweet from President Donald Trump that hinted the U.S. was close to a trade deal with China. Oil prices were already on the rise after the U.S. Federal Reserve left interest unchanged, boost ...
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Oil futures fell after U.S. government data showed an unexpected climb in domestic supplies of crude oil
December 12, 2019
Recap: Oil futures fell Wednesday after U.S. government data showed an unexpected climb in domestic supplies of crude oil, as well as sizable gains in gasoline and distillate stockpiles. Also adding pressure to the market is the anticipation of a fresh round of U.S. tariffs expec ...
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The Wall Street Journal reported that U.S. and Chinese negotiators were laying the groundwork for a delay in a fresh round of tariffs
December 11, 2019
Recap: Oil futures climbed on Tuesday, recovering from early losses, after a report from the Wall Street Journal was seen as upbeat in long-running negotiations between the U.S. and China on tariffs. The Wall Street Journal on Tuesday, citing unnamed officials from both parties, ...
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The oil market on Monday traded in negative territory for most of the session
December 10, 2019
Recap: The oil market on Monday posted an inside trading day and traded in negative territory for most of the session in light of data showing Chinese exports declined for a fourth consecutive month. Exports from China in November fell by 1.1% on the year, rekindling concerns ab ...
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OPEC and other key producers surprised the market with steeper output cuts for early next year
December 9, 2019
Recap: Oil futures experienced a wide trading range on Friday, as prices initially headed lower, only to reverse to the upside after OPEC and other key producers surprised the market with steeper output cuts for early next year. Reports have indicated that the Organization of the ...
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Oil futures rallied on expectations OPEC and other major oil producers will make further output cuts in an effort to prop up prices
December 6, 2019
Recap: Oil futures rallied a bit on Thursday on expectations OPEC and other major oil producers will make further output cuts in an effort to prop up prices. A ministerial panel of key OPEC members and other major producers led by Russia recommended increasing output cuts by 500, ...
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The EIA reported that crude stocks fell by 4.9 million barrels
December 5, 2019
Recap: Oil futures rose Wednesday, after U.S. government data showed the first decline in U.S. crude-oil inventories in six weeks. WTI January delivery rose $2.56, or 4.5%, to $58.66 a barrel, while February Brent crude tacked on $2.69, or 4.4%, at $63.51 a barrel. The Energy Inf ...
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