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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
Crude
NYMEX
Oil futures fell to their lowest level in over a week
February 6, 2018
Recap: The rally in oil prices continued to deteriorate, with oil futures falling to their lowest level in over a week. Pressure was provided by increasing U.S. production, a rising dollar and a falling equities market. In overnight trading, prices failed to hold above the $65.1 ...
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Heating Oil
Gasoline
Crude
Oil prices fell for the second time in seven weeks
February 5, 2018
Recap: Oil prices fell for the second time in seven weeks, pressured by strength in the, dollar following a stellar U.S. jobs report. Friday’s sell-off stymied the rally that began at the onset of the New Year, which was sparked by healthy global demand and OPEC’s adherence to o ...
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Heating Oil
Gasoline
Crude
The market appears to be rebalancing sooner than expected
February 2, 2018
Recap: Oil prices bounced on Thursday, having been propped up by several factors. Among these factors were signs that OPEC members are adhering to their agreed upon output cuts, Goldman Sachs raising its price forecast for Brent from $62 a barrel to $82.50 a barrel and strong pro ...
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Heating Oil
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EIA reported that crude oil stockpiles rose 6.8 million barrels
February 1, 2018
Recap: The downside correction in oil prices continued on Wednesday, encouraged by the larger than expected increase in U.S. crude oil inventories. According to the EIA, crude oil stockpiles rose 6.8 million barrels, much greater than the 3.230 million barrel build reported by th ...
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Heating Oil
Gasoline
Crude
Oil prices are beginning to show signs of weakening
January 31, 2018
Recap: After rising to 3-year highs, oil prices are beginning to show signs of weakening, as investors exit record length and U.S. production continues to strengthen. Prices may very likely be in a corrective phase, as it appears that price movement has gotten ahead of the true u ...
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Heating Oil
Gasoline
Crude
The market remained weighed down by an increase in the number of rigs searching for oil in the US
January 30, 2018
Recap: The oil market traded higher on the opening and rallied to a high of $66.46 in overnight trading after the market breached its previous high. However, the market erased its gains and sold off to a low of $64.98 by mid-day as the market remained weighed down by an increase ...
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Heating Oil
Gasoline
Crude
NYMEX
The dissipation of cold weather that has been plaguing the U.S. could lead to a free fall in prices
January 29, 2018
Recap: Oil prices retreated from three year highs on Friday, but finished the session with posted gains, as the dollar weakened and the U.S. rig rose. Oil prices settled at their highest weekly settlement since November of 2014. March Brent topped $70 a barrel, during the week, b ...
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Heating Oil
Gasoline
Crude
Oil prices moved to their highest level in more than 3 years
January 26, 2018
Recap: Oil prices climbed to their highest level in more than 3-years, but remarks about the U.S. dollar by President Trump pushed the dollar higher, which in turn pressured oil prices. March WTI topped the session at $66.66 a barrel, while Brent for March delivery peaked at $71. ...
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Heating Oil
Crude
NYMEX
EIA report indicated US crude oil inventories fell for the 10th straight week
January 25, 2018
Recap: Oil prices extended their gains after the EIA report indicated U.S. crude oil inventories fell for the 10th straight week, the longest streak of losses recorded. According to the report, stockpiles fell 1.1 million barrels, which was smaller than the expected 2 million bar ...
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Heating Oil
Crude
NYMEX
Expectations of another draw in US crude oil stocks pushed WTI to its highest level since December of 2014
January 24, 2018
Recap: Oil prices opened the session above unchanged then proceeded to move sideways in overnight trading. A daybreak dip failed to reach $63.48, the 10-day moving average for WTI, spurring technical buyers into action. This coupled with expectations of yet another draw in U.S. c ...
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