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U.S. crude oil inventories have increased five out of the last six weeks

By spragueoperati | May 3, 2019 | 0 Comments

Recap: Crude oil prices slipped on Thursday, pressured by robust U.S. inventories and surging U.S. production. June futures were at $60.95 at 11:59 ET, down $2.65, or 4.1 percent, while July […]

June NYMEX Natural Gas Futures Contract Closed at $2.589 on Thursday, May 2nd

By spragueoperati | May 3, 2019 | 0 Comments

Thursday, May 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.604, nearly two cents below Wednesday’s closing price of $2.620.  Extending to an intraday high of $2.614 […]

The EIA reported a 9.9 million barrel build in U.S. crude oil inventories

By spragueoperati | May 2, 2019 | 0 Comments

Recap: Crude oil prices slipped as much as 1.7 percent on Wednesday after the EIA reported a 9.9 million barrel build in U.S. crude oil inventories, the largest weekly gain so […]

Local energy company changes name, keeps same local employees and customer service focus

By spragueoperati | May 1, 2019 | 0 Comments

Coen Energy announces name change to Sprague Energy to reflect broader resources to better meet customer fuel needs WASHINGTON, Pa., May 01, 2019 (GLOBE NEWSWIRE) — Coen Energy LLC, a local […]

Coen Energy announces name change to Sprague Energy to reflect broader resources to better meet customer fuel needs

By spragueoperati | May 1, 2019 | 0 Comments

Washington, PA (May 1, 2019) – Coen Energy LLC, a local leader in fuel delivery and related services, announced today that it is changing its name to Sprague Energy LLC. […]

Crude oil prices bounced back on Tuesday

By spragueoperati | May 1, 2019 | 0 Comments

Recap: Crude oil prices bounced back on Tuesday after the Saudi energy minister said a deal between OPEC and other major producers to curb output could be extended to the […]

June NYMEX Natural Gas Futures Contract Closed at $2.575 on Tuesday, April 30th

By spragueoperati | May 1, 2019 | 0 Comments

Tuesday, April 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.594, nearly even to Monday’s closing price of $2.593.  Tallying an intraday high of $2.600 at 9:30AM, […]

U.S. President Donald Trump requested for OPEC to ramp up production in an effort to keep prices down

By spragueoperati | April 30, 2019 | 0 Comments

Recap: After falling 1.4 percent, to a session low of $71.11, June Brent rose $1.39, to $72.50 a barrel by 13:30 p.m. ET, while June WTI bounced a $1.23 to […]

June NYMEX Natural Gas Futures Contract Closed at $2.593 on Monday, April 29th

By spragueoperati | April 30, 2019 | 0 Comments

On Monday, April 29th – the June NYMEX Natural Gas Futures Contract began trading as the prompt month. Opening at $2.560, two cents below Friday’s closing price of $2.580, prices […]

Oil prices tumbled more than 3 percent on Friday

By spragueoperati | April 29, 2019 | 0 Comments

Recap: Oil prices tumbled more than 3 percent on Friday after U.S. President Donald Trump again pressured OPEC to raise crude production to ease gasoline prices ahead of the U.S. […]