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WTI and Brent rose above their respective 10-day moving averages for the first time in almost 2 weeks

By spragueoperati | July 30, 2019 | 0 Comments

Recap: Oil futures ended higher Monday, with analysts tying support to the planned resumption of trade talks between the U.S. and China as well as expectations the Federal Reserve will […]

August NYMEX Natural Gas Futures Contract Closed at $2.116 on Monday, July 29th

By spragueoperati | July 30, 2019 | 0 Comments

On Monday, July 29th – settlement day for the August contract – the front-month NYMEX Natural Gas Futures Contract open at $2.162, slightly below Friday’s closing price of $2.169.  Tallying […]

Oil prices were supported by tensions in the Middle East and last week’s EIA report

By spragueoperati | July 29, 2019 | 0 Comments

Recap: Oil prices were pushed higher on Friday, supported by tensions in the Middle East and last week’s EIA report, which indicated U.S. crude oil inventories decreased by 10.4 million […]

August NYMEX Natural Gas Futures Contract Closed at $2.169 on Friday, July 26th

By spragueoperati | July 29, 2019 | 0 Comments

Friday, July 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.198, more than four cents below Thursday’s closing price of $2.244.  Reaching up to an intraday high […]

August NYMEX Natural Gas Futures Contract Closed at $2.244 on Thursday, July 25th

By spragueoperati | July 26, 2019 | 0 Comments

Thursday, July 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.240, two cents above Wednesday’s closing price of $2.220.  Rising to an intraday high of $2.261 by […]

Oil prices pared losses from Thursday’s session

By spragueoperati | July 26, 2019 | 0 Comments

Recap: On Thursday, oil prices pared losses from the previous session, amid rising tensions in the Middle East, but gains were limited by concern over a slowing global economy and […]

Sprague Resources LP Announces Cash Distribution for the Second Quarter of 2019 and Earnings Conference Call Schedule

By spragueoperati | July 25, 2019 | 0 Comments

Sprague announces a cash distribution of $0.6675 per unit PORTSMOUTH, N.H., July 25, 2019 (GLOBE NEWSWIRE) — Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that the Board of Directors […]

There was a 10.8 million barrel draw in U.S. crude oil inventories

By spragueoperati | July 25, 2019 | 0 Comments

Recap: Crude oil prices struggled to find momentum on Wednesday despite the 10.8 million barrel draw in U.S. crude oil inventories. Analysts expected a decrease of 4 million barrels. September […]

August NYMEX Natural Gas Futures Contract Closed at $2.220 on Wednesday, July 24th

By spragueoperati | July 25, 2019 | 0 Comments

Wednesday, July 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.265, more than three cents below Tuesday’s closing price of $2.300.  Tallying an intraday high of $2.271 […]

This weeks API and EIA reports are expected to show a 3.4 million barrel decline in U.S. crude oil inventories

By spragueoperati | July 24, 2019 | 0 Comments

Recap: Oil prices have been swinging higher and lower depending on shifting sentiment between the US and Iran as well as from the US-China trade negotiations. On Tuesday, the International […]