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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
Heating Oil
Gasoline
Crude
EIA report showed larger than expected builds in gasoline and heating oil stockpiles
January 17, 2019
Recap: After climbing higher in overnight trading, oil prices slipped after the EIA report showed larger than expected builds in both gasoline and heating oil stockpiles. Gasoline stocks increase 7.5 million barrels and are now set at 255.6 million barrels, the highest weekly lev ...
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Heating Oil
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Oil prices rose by as much as 3 percent on Tuesday
January 16, 2019
Recap: Oil prices rose by as much as 3 percent on Tuesday after falling more than 2 percent on Monday. The rise in prices came as China presented measures to stabilize its slowing economy. Since the beginning of the New Year, oil prices have been rising as economic woes begin to ...
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Heating Oil
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OPEC reassured that global demand is strong and its production cuts were beginning to balance oil markets
January 15, 2019
Recap: Oil prices fell on Monday as China reported declines in both imports and exports during the month of December, fueling concern about slowing demand. Prices fell despite OPEC reassuring that global demand is strong and its production cuts were beginning to balance oil marke ...
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Heating Oil
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The price of oil is being affected by the OPEC lead output cuts, trade wars between the U.S. and China and the health of China’s economy
January 14, 2019
Recap: Oil prices finished lower on Friday, ending the longest streak of gains for WTI in 9 years and the longest streak of gains in 10 years for Brent. Global economic woes weighed on the market amidst non-committal trade talks between the U.S. and China. Prices climbed out of a ...
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Heating Oil
Gasoline
Crude
Traders grew less confident that the U.S. and China would strike a compromise during trade talks
January 11, 2019
Recap: Oil prices traded on both sides of unchanged Thursday, as traders grew less confident that the U.S. and China would strike a compromise during trade talks and as weak Chinese economic data left investors leery. Prices drifted lower in overnight trading, but by daybreak, th ...
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Heating Oil
Gasoline
Crude
Oil prices increased for the 8th straight session
January 10, 2019
Recap: Continued optimism over trade talks between the U.S. and China, combined with a larger than expected fall in U.S. crude oil inventories and a drop of 630,000 in OPEC production for the month of December pushed oil prices higher for the 8th straight session. In its initial ...
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Heating Oil
Gasoline
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Oil prices were supported by hopes of positive trade talks between the U.S. and China
January 9, 2019
Recap: Oil prices continued to rise on Tuesday, supported by hopes of positive trade talks between the U.S. and China. February WTI increased 2.9 percent to $49.95 a barrel, the highest level for a spot contract since December 17. Brent for March delivery climbed 2.5 percent, hit ...
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Heating Oil
Gasoline
Crude
Sources within OPEC said Saudi Arabia plans to cut crude oil exports
January 8, 2019
Recap: Crude oil prices rose on Monday as hopeful trade talks between China and the U.S. got under way and after sources within OPEC said Saudi Arabia plans to cut crude oil exports by as much as 800,000 barrel s per day from its November levels. Prices peaked in early morning t ...
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Heating Oil
Gasoline
Crude
Oil prices posted their first weekly gain in four weeks
January 7, 2019
Recap: Oil prices posted their first weekly gain in four weeks as proposed trade talks set for next week between the U.S. and Coil futures WTI rose to their highest level since mid-December, with WTI briefly recapturing the $48.00 level, while Brent touched above $58.00. It appea ...
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Heating Oil
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Oil prices were pressured by concerns of a weakening global economy
January 4, 2019
Recap: Oil prices traded in a volatile fashion on Thursday, supported by production cuts from within and outside of OPEC, but also pressured by concerns of a weakening global economy. After bottoming out at $45.35 in early morning trading, February WTI clawed its way back to the ...
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