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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
Concerns Over Fuel Demand in the U.S. Against Worries of Supply Disruptions
April 26, 2024
Recap: The crude market on Thursday posted an outside trading day as the market weighed slower economic growth in the first quarter, which added to concerns over fuel demand in the U.S., against worries of supply disruptions as Israel may start an assault on Gaza’s city of Rafah ...
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Market Insights
Natural Gas
Basis
NYMEX
May NYMEX Natural Gas Futures Contract Closed at $1.638 on Thursday, April 25th
April 26, 2024
Thursday, April 25th saw the front-month NYMEX Natural Gas Futures Contract open at $1.632, two cents below Wednesday’s closing price of $1.653. In an up-and-down day, where storage was expected to be the key driver, prices fluctuated within three cents of $1.630 as this week’s i ...
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Market Insights
Natural Gas
Basis
NYMEX
May NYMEX Natural Gas Futures Contract Closed at $1.653 on Wednesday, April 24th
April 25, 2024
Wednesday, April 24th saw the front-month NYMEX Natural Gas Futures Contract open at $1.765, five cents below Tuesday’s closing price of $1.812. Marking the intraday high as markets opened, the contract then began a steady descent that would span the session as longer-term foreca ...
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Market Insights
Heating Oil
Gasoline
Crude
The Crude Market Continued to Trend Higher in Overnight Trading Following the API Report Showing an Unexpected Draw
April 25, 2024
Recap: The oil market ended the session lower, despite a bullish EIA petroleum stock report. The crude market continued to trend higher in overnight trading following the API report showing an unexpected draw of over 3.2 million barrels in crude stocks. The market rallied to a h ...
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Market Insights
Natural Gas
Basis
NYMEX
May NYMEX Natural Gas Futures Contract Closed at $1.812 on Tuesday, April 23rd
April 24, 2024
Tuesday, April 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.759, three cents below Monday’s closing price of $1.791. Recording the intraday low of $1.745 within minutes of the opening bell, prices then trended higher as traders weighed the ongoing storag ...
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Market Insights
Heating Oil
Gasoline
Crude
Supportive Economic Data Out of Europe and a Fall in the U.S. Dollar Index
April 24, 2024
Recap: The oil market on Tuesday traded higher and retraced some of its previous losses amid some supportive economic data out of Europe and a fall in the U.S. dollar index to its lowest in over a week. The crude market traded higher in overnight trading as it rallied to $83.01. ...
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Market Insights
Natural Gas
Basis
NYMEX
May NYMEX Natural Gas Futures Contract Closed at $1.791 on Monday, April 22nd
April 23, 2024
Monday, April 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.770, two cents above Friday’s closing price of $1.752. The contract found itself range-bound once again yesterday as competing fundamentals saw prices trade along $1.780 throughout the day. Marki ...
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Market Insights
Heating Oil
Gasoline
Crude
The Market's Middle East Political Risk Premium Dissipated as Tensions Have Not Impacted Supply
April 23, 2024
Recap: The oil market posted an inside trading day on Monday as the May WTI contract expired at the close. The market’s Middle East political risk premium dissipated as tensions have not impacted supply. The market shrugged off news over the weekend of a blast at an Iraqi milita ...
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Market Insights
Natural Gas
Basis
NYMEX
May NYMEX Natural Gas Futures Contract Closed at $1.712 on Friday, April 19th
April 22, 2024
Friday, April 19th saw the front-month NYMEX Natural Gas Futures Contract open at $1.764, nearly a penny above Thursday’s closing price of $1.757. Combating mixed fundamentals for supportive weather forecasts and lackluster export numbers, prices rose early on to record the intra ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Sold Off on Friday Following an Overnight Rally of More Than 4.2%
April 22, 2024
Recap: The oil market sold off on Friday following an overnight rally of more than 4.2% after Iran played down Israeli attacks on its soil, in a sign that a further escalation of tensions in the Middle East may be averted. The market rallied $3.55 cents to a high of $86.28 in ov ...
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