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The oil market continued to trend lower on Wednesday on concerns over demand following weak economic data from China.

By spragueoperati | January 18, 2024 | 0 Comments

Recap: The oil market continued to trend lower on Wednesday on concerns over demand following weak economic data from China. China’s economy in the fourth quarter expanded by 5.2% on the […]

Oil Prices on Tuesday Reversed Some of the Losses Seen During Monday’s Shortened Trading Session in Observance of the Martin Luther King, Jr. Holiday

By spragueoperati | January 17, 2024 | 0 Comments

Recap: Oil prices on Tuesday reversed some of the losses seen during Monday’s shortened trading session in observance of the Martin Luther King, Jr. holiday, as the market weighed concerns […]

The Market Was Well Supported as Some Oil Tankers Were Diverting From the Red Sea

By spragueoperati | January 16, 2024 | 0 Comments

Recap:  The oil market on Friday breached its recent trading range as it rallied sharply higher. The market was well supported as some oil tankers were diverting from the Red […]

February NYMEX Natural Gas Futures Contract Closed at $3.313 on Friday, January 12th

By spragueoperati | January 15, 2024 | 0 Comments

Friday, January 12th saw the front-month NYMEX Natural Gas Futures Contract open at $3.229, thirteen cents above Thursday’s closing price of $3.097. Supported early on by the impending storm bringing […]

February NYMEX Natural Gas Futures Contract Closed at $3.097 on Thursday, January 11th

By spragueoperati | January 12, 2024 | 0 Comments

Thursday, January 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.988, five cents below Wednesday’s closing price of $3.039. Fluctuating along $3.010 through the session’s opening hour, […]

Sprague Operating Resources Makes History Supplying First Renewable Diesel Retail Station in NYC

By spragueoperati | January 12, 2024 | 0 Comments

BROOKLYN, NY (January 12, 2024) – New York City took a monumental step towards clean air and a sustainable future yesterday, Thursday, January 11th, with the grand opening of the […]

The Market Was Well Supported By News That Iran Seized a Tanker Off the Coast of Oman

By spragueoperati | January 12, 2024 | 0 Comments

Recap:  The oil market on Thursday continued to trade within Monday’s trading range for the third consecutive session as it retraced Wednesday’s losses on escalating tensions in the Middle East. […]

February NYMEX Natural Gas Futures Contract Closed at $3.039 on Wednesday, January 10th

By spragueoperati | January 11, 2024 | 0 Comments

Wednesday, January 10th saw the front-month NYMEX Natural Gas Futures Contract open at $3.006, eighteen cents below Tuesday’s closing price of $3.190. A bearish shift overnight in the impending arctic […]

Yemen’s Houthis Launched Their Largest Missile and Drone Attack to Date on Ships in the Red Sea

By spragueoperati | January 11, 2024 | 0 Comments

Recap:  The oil market on Wednesday continued to trade within Monday’s trading range as it erased its earlier gains and sold off following an unexpected build in crude stocks. The […]

February NYMEX Natural Gas Futures Contract Closed at $3.190 on Tuesday, January 9th

By spragueoperati | January 10, 2024 | 0 Comments

Tuesday, January 9th saw the front-month NYMEX Natural Gas Futures Contract open at $3.114, thirteen cents above Monday’s closing price of $2.980. Trading sideways through 10:00AM near $3.110, prices withdrew […]