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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
Oil prices experienced their sharpest fall since February 14th
April 3, 2018
Recap: Oil prices extended losses, while experiencing their sharpest fall since Feb. 14th. Prices were trading close to unchanged during overnight trading, but as the stock market opened and slipped into a downward spiral, panic selling entered into the oil markets. May WTI fell ...
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Heating Oil
Crude
On the last trading day in the first quarter the crude market settled in positive territory
April 2, 2018
Recap: The crude market on its last trading day in the first quarter settled in positive territory after it continued to erase its previous gains on Wednesday. The market retraced some of Wednesday’s losses and opened 31 cent higher at $64.69 before it continued to trend lower a ...
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Heating Oil
Gasoline
Crude
EIA report showed draws in U.S. gasoline and distillate inventories
March 29, 2018
Recap: In a knee jerk reaction to the EIA report, which showed draws in U.S. gasoline and distillate inventories, WTI rose to fresh session highs, with the May contract peaking the session at $65.13 a barrel. The rally was short lived, lasting only 5 minutes, as traders began to ...
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Heating Oil
Gasoline
Crude
Oil prices appear to have hit a level of exhaustion after Monday’s higher high and lower close
March 28, 2018
Recap: Oil prices appear to have hit a level of exhaustion after Monday’s higher high and lower close, followed by Tuesday’s lower high. However, this does not indicate that additional upside movement is out of the picture, but merely a bout of minor profit-taking. Rising U.S. p ...
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Heating Oil
Gasoline
Crude
Oil prices fell on Monday, halting the rise that had occurred over the past three weeks
March 27, 2018
Recap: Oil prices fell on Monday, halting the rise that has occurred over the past 3 weeks. A failed attempt to take out the January high of $66.66 in May WTI lead to an early session sell-off on technical profit taking. After a brief stint above unchanged, May WTI slipped to a l ...
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Heating Oil
Crude
OPEC could extend agreed upon output cuts into 2019
March 26, 2018
Recap: Oil price rose on Friday, spurred by the possibility OPEC could extend agreed upon output cuts into 2019. Prices opened the session trading slightly below unchanged only to edge higher in overnight trading. Mid-session lulls lead to a period of sideway activity, resulting ...
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Heating Oil
Gasoline
Crude
Energy Insights for Business
Oil prices rose to their highest level in seven weeks but began to slip on Thursday
March 23, 2018
Recap: After rising to their highest level in seven weeks, oil prices, which had posted two straight days of gains, slipped on Thursday as traders took profits after attempts to breach technical resistance numbers failed. May WTI rose as much as 0.9%, to a high of $65.74 a barrel ...
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Heating Oil
Gasoline
Crude
EIA reported a draw of 2.6 million barrels in U.S. crude oil inventories
March 22, 2018
Recap: After opening the session just above unchanged, May WTI retreated, testing support provided by yesterday’s break above $63.55. A lack of failure to trade below this level validated its position as support, sparking a fresh round of buying. Oil prices jumped further, reachi ...
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Heating Oil
Gasoline
Crude
Oil prices rose to their highest level in three weeks
March 21, 2018
Recap: After opening close to the unchanged level, oil prices climbed steadily throughout the session, rising to their highest level in 3 weeks. The impetuses behind the move were tensions in the Middle East and falling Venezuelan output. Not even a rising dollar could keep pric ...
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Heating Oil
Crude
Tensions between Saudi Arabia and Iran aided in lifting prices off of the lows of the day
March 20, 2018
Recap: Trading in crude oil was choppy on Monday, with prices trading mostly to the downside. A significant sell-off came as the equity markets fell, putting traders into panic mode, which in turn pushed May WTI down 1.6% to a low of $61.36 a barrel, while May Brent slipped 1.2%, ...
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