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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.

The Market Remained Pressured in Overnight Trading Following the Unexpected Build in Crude Stocks of Over 12 Million Barrels

October 13, 2023
Recap: The crude market on Thursday sold off on large builds reported in the weekly petroleum stocks reports. The market remained pressured in overnight trading following the unexpected build in crude stocks of over 12 million barrels reported by the API. However, the market boun ... Read More
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Fears of a Disruption to Supplies Amid the Conflict in the Middle East Receded After Saudi Arabia Pledged to Help Stabilize the Market

October 12, 2023
Recap:   The oil market on Tuesday sold off as fears of a disruption to supplies amid the conflict in the Middle East receded after Saudi Arabia pledged to help stabilize the market. The market retraced some of its losses in overnight trading and posted a high of $86.51 before it ... Read More
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The Oil Market Posted an Inside Trading Day as it Took a Breather Following Monday's Volatility

October 11, 2023
Recap: The oil market posted an inside trading day as it took a breather following Monday’s volatility but remained cautious amid the military clashes between Israel and the Palestinian Islamist group Hamas. The oil market traded to a high of $86.74 in overnight trading. However, ... Read More
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The Oil Market Rallied Higher on Monday After Military Clashes Between Israel and the Palestinian Islamist Group Hamas Prompted Fears of Instability in the Middle East

October 10, 2023
Recap: The oil market rallied higher on Monday after military clashes between Israel and the Palestinian Islamist group Hamas prompted fears of instability in the Middle East. The market retraced some of last week’s sharp losses as it gapped higher on the opening from $83.28 to $ ... Read More
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The Market Was Pressured Early in the Session Following Another Partial Lifting of Russia's Fuel Export Ban

October 9, 2023
Recap: The oil market ended the session in positive territory but ended the week down 8.81%, the largest weekly decline since the week ending March 17th. The market was pressured early in the session following another partial lifting of Russia’s fuel export ban. Russia announced ... Read More
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The Crude Market Remained Pressured as an Uncertain Demand Outlook Overshadowed an OPEC+ Decision to Maintain its Output Cuts

October 6, 2023
Recap: The oil market on Thursday continued on its downward spiral, posting a 7.8% decline over the past two trading sessions, the largest two-day decline since May 3rd. Crude is down more than 12% from its peak back on September 27th. The crude market remained pressured as an un ... Read More
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The oil market sold off more than $5 on Wednesday

October 5, 2023
Recap: The oil market sold off more than $5 on Wednesday as demand fears offset the pledges by Saudi Arabia and Russia to continue cutting output until the end of the year. Overnight, the market traded mostly sideways and posted a high of $89.59. However, the market breached its ... Read More
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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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