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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
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Oil Futures Fell on Thursday, Retreating From a Three-Week High
November 4, 2022
Recap: Oil futures fell on Thursday, retreating from a three-week high, weighed down by weak Chinese economic data and a stronger U.S. dollar, dimming the outlook for demand growth. Economic weakness in China raises concerns about demand growth in the world’s largest importer of ...
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The Energy Information Administration Reported Weekly Declines in U.S. Crude Oil and Gasoline Inventories
November 3, 2022
Recap: Oil futures jumped on Wednesday, with WTI topping $90 a barrel. Prices gained support after the Energy Information Administration reported weekly declines in U.S. crude oil and gasoline inventories, and as recent reports said Iran may be preparing an attack on Saudi Arabi ...
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The Market Retraced its Previous Losses on the Prospect of Disruptions
November 2, 2022
Recap: The oil market on Tuesday traded higher on a Wall Street Journal report stating that Saudi Arabia shared intelligence with the U.S. warning of an imminent attack from Iran on targets in the kingdom. The market opened about 10 cents lower and posted a low of $85.92 before ...
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Oil Futures Fell on Monday on Expectations that U.S. Production Could Rise
November 1, 2022
Recap: Oil futures fell on Monday on expectations that U.S. production could rise even as weaker economic data out of China and the country’s widening COVID-19 curbs weighed on demand. Oil output in the United States climbed to nearly 12 million barrels per day in August, the hi ...
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The Oil Market Erased Some of its Previous Gains
October 31, 2022
Recap: On Friday, the oil market erased some of its previous gains on news that China widened its COVID-19 curbs. Chinese cities from Wuhan in central China to Xining in the northwest increased their COVID-19 curbs, sealing up buildings and locking down districts to halt widenin ...
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The Oil Market Built On its Gains Seen in the Previous Session
October 28, 2022
Recap: On Thursday, the oil market built on its gains seen in the previous session as record crude exports and signs that recession fears are abating outweighed concerns over Chinese demand. The market was supported by economic data that showed moderate U.S. GDP annual growth of ...
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U.S. Fuel Inventories Remain Well Below Normal
October 27, 2022
Recap: Oil futures exploded on Wednesday, adding to early gains after the release of the EIA report which showed U.S. fuel inventories remain well below normal as domestic demand picks up and refinery activity unexpectedly slows down. US exports of crude-oil and refined fuels le ...
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Natural Gas and RBOB Lead the Energy Complex Higher on Tuesday
October 26, 2022
Recap: Natural gas and RBOB lead the energy complex higher on Tuesday, as traders begin to gear up for winter and as industry analysts expect U.S. gasoline stockpiles to decrease by 800,000 barrels. This would bring gasoline inventories within striking distance of the eight year ...
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Oil Futures Settled Lower on Monday
October 25, 2022
Recap: Oil futures settled lower on Monday, as lackluster import data from China and the conclusion of the Communist party's national congress helped to dull expectations for energy demand from the world's second largest oil consumer. December WTI fell 47 cents, or nearly 0.6%, ...
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Oil Prices Rose in Choppy Trade on Friday
October 24, 2022
Recap: Oil prices rose in choppy trade on Friday as hopes of stronger Chinese demand and a weakening U.S. dollar outweighed concern about a global economic downturn and the impact of interest rate rises on fuel use. To fight inflation, the U.S. Federal Reserve is trying to slow ...
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