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Oil prices were pushed higher after the May contract dipped into negative territory

By spragueoperati | May 27, 2020 | 0 Comments

Recap: Oil futures rose on Tuesday as market participants believed that improving demand and more supply coming off would ease the glut faster than expected. These factors, along with other […]

Oil futures fell as much as 7% on Friday

By spragueoperati | May 26, 2020 | 0 Comments

Recap: Oil futures fell as much as 7% on Friday, after China’s top policy setting meeting didn’t set an annual economic growth target due to “great uncertainty” over the recovery […]

June NYMEX Natural Gas Futures Contract Closed at $1.710 on Thursday, May 21st

By spragueoperati | May 22, 2020 | 0 Comments

Thursday, May 21st saw the front-month NYMEX Natural Gas Futures Contract open at $1.734, four cents below Wednesday’s closing price of $1.771.  Trading along either side of $1.730 through 10:30AM, […]

This month, WTI has rallied 80%, while Brent climbed 43%.

By spragueoperati | May 22, 2020 | 0 Comments

Recap: Oil prices climbed on Thursday, holding near 10-week highs, supported by lower U.S. crude oil inventories, production cuts and recovering demand as governments ease restrictions imposed on people’s movements […]

Sprague Resources LP Announces Signing of $1.18 Billion Senior Secured Amended and Restated Credit Facility 

By spragueoperati | May 21, 2020 | 0 Comments

Portsmouth, NH (May 21, 2020) – Sprague Resources LP (“Sprague”) (NYSE: SRLP), the parent company of Sprague Operating Resources LLC and Kildair Service ULC (the “Borrowers”), announced today the signing […]

June NYMEX Natural Gas Futures Contract Closed at $1.771 on Wednesday, May 20th

By spragueoperati | May 21, 2020 | 0 Comments

Wednesday, May 20th saw the front-month NYMEX Natural Gas Futures Contract open at $1.877, nearly five cents above Tuesday’s closing price of $1.830.  Extending to an intraday high of $1.889 […]

The EIA reported U.S. crude oil inventories fell by 5 million barrels for the week ending May 15

By spragueoperati | May 21, 2020 | 0 Comments

Recap: Oil futures climbed to their highest level in 10 weeks after the EIA reported U.S. crude oil inventories fell by 5 million barrels for the week ending May 15, […]

June NYMEX Natural Gas Futures Contract Closed at $1.830 on Tuesday, May 19th

By spragueoperati | May 20, 2020 | 0 Comments

Tuesday, May 19th saw the front-month NYMEX Natural Gas Futures Contract open at $1.837, five cents above Monday’s closing price of $1.783.  Volatile trading took hold throughout the morning, balancing […]

Oil prices gained early in the session due to production cuts and signs of increasing demand

By spragueoperati | May 20, 2020 | 0 Comments

Recap: WTI settled higher on Tuesday as the June contract expired, with prices getting a boost from global production cuts, as demand improves. Oil prices gained early in the session due […]

June NYMEX Natural Gas Futures Contract Closed at $1.783 on Monday, May 18th

By spragueoperati | May 19, 2020 | 0 Comments

Monday, May 18th saw the front-month NYMEX Natural Gas Futures Contract open at $1.742, nearly ten cents above Friday’s closing price of $1.646.  Tallying an intraday low of $1.741 as […]