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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
On Tuesday WTI fell as much as 3 percent
May 30, 2018
Recap: Last week’s slide in oil prices continued on Tuesday, with WTI falling as much as 3 percent, as hedge funds gave up on bets that prices had more upside potential. Spot WTI fell below $66 a barrel, slipping below the 50-day moving average for the first time since April 6th. ...
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Heating Oil
Gasoline
Crude
Russia and Saudi Arabia are discussing raising OPEC and non-OPEC oil output by 1 million bpd
May 29, 2018
Fundamental News: Russia’s Energy Minister, Alexander Novak, said that the process of easing global oil output cuts will likely be a gradual one. He discussed the issue earlier on Friday with OPEC’s Secretary General and Saudi Arabia’s Energy Minister. Russia and Saudi Arabia a ...
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Heating Oil
Gasoline
Crude
Oil prices slipped on growing expectations that OPEC will increase its output to alleviate any shortfalls
May 25, 2018
Recap: Oil prices slipped for the third straight session on growing expectations that OPEC will increase its output to alleviate any shortfalls due to U.S. imposed sanctions against Iran and dwindling output from Venezuela. Prices also fell as traders booked profits ahead of the ...
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Heating Oil
Gasoline
Crude
EIA report indicated an unexpected build in U.S. crude oil and gasoline
May 24, 2018
Recap: Oil prices slipped on Wednesday after the EIA reported an unexpected build in U.S. crude oil and gasoline inventories. The possibility that OPEC may increase output to make up for any shortfalls from Iran and Venezuela also weighed on prices. July WTI was trading slightly ...
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Heating Oil
Gasoline
Crude
The possibility of crude oil hitting $100 a barrel caused oil prices to increase
May 23, 2018
Recap: Oil prices posted gains early in the session, as the possibility of crude oil hitting $100 a barrel began to sink in. Prices continue to gain strength from geopolitical tensions and strong demand, amid tighter global supply. Despite these early gains, prices slipped from s ...
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Heating Oil
Gasoline
Crude
Oil prices recovered following discussions about the issuing of new debt to Venezuela
May 22, 2018
Recap: After opening the session at basically unchanged, oil prices drifted sideways in overnight trading before dipping below Friday’s close. Prices recovered following discussions between U.S. President Donald Trump, Russia and China about the issuing of new debt to Venezuela. ...
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Heating Oil
Gasoline
Crude
Traders were focused on Venezuela's presidential election that was held on Sunday
May 21, 2018
Recap: Oil prices slipped on Friday; however, WTI posted its fourth straight week of gains, while Brent settled higher for the sixth straight week. The lack of new fundamentals is beginning to take its toll on prices, holding them at 3 and half year highs. Traders are focused on ...
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Heating Oil
Gasoline
Crude
Oil prices reached fresh 3.5 year highs
May 18, 2018
Recap: Oil prices reached fresh 3 ½ year highs, with Brent topping $80 a barrel for the first time since November 2014 and WTI tipping the charts above $72 a barrel in as much time. Geopolitical tensions continue to drive this market, especially Brent, while rising U.S. productio ...
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Heating Oil
Gasoline
Crude
EIA reported a 1.4 million barrel draw in U.S. crude oil stocks
May 17, 2018
Recap: Wednesday’s trading activity was a mirror image of Tuesday’s session, with oil prices trading in a mixed fashion. WTI bounced on its initial reaction to the EIA’s report of a 1.4 million barrel draw in U.S. crude oil stocks, but strength in the dollar overshadowed the repo ...
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Heating Oil
Gasoline
Crude
WTI spent most of the session trading to the downside, while Brent held early gains
May 16, 2018
Recap: Oil prices were mixed on Tuesday, with WTI spending the better part of the session trading to the downside, while Brent held early gains. After posting a fresh multi-year high, but failing to trade above the $72 mark, June WTI slipped below unchanged. July Brent traded ove ...
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