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Regulatory Matters – First Quarter 2019

By spragueoperati | April 15, 2019 | 0 Comments

Sprague Regulatory Matters is provided as a courtesy to our customers. Please note that the information contained in Sprague Regulatory Matters is for informational purposes only and should not be […]

Traders are concerned that the market will become oversupplied if OPEC increases output

By spragueoperati | April 12, 2019 | 0 Comments

Recap: Oil prices fell 2 percent on Thursday on reports that OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying. May WTI fell […]

May NYMEX Natural Gas Futures Contract Closed at $2.664 on Thursday, April 11th

By spragueoperati | April 12, 2019 | 0 Comments

Thursday, April 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.676, roughly two cents below Wednesday’s closing price of $2.700.  Climbing steadily through the morning, the contract […]

The EIA reported a 7.7 million barrel drop in U.S. gasoline inventories

By spragueoperati | April 11, 2019 | 0 Comments

Recap: Gasoline futures surged on Wednesday, hitting a 6 month high after the EIA reported a 7.7 million barrel drop in U.S gasoline inventories. Expectations were calling for a 1.9 million […]

May NYMEX Natural Gas Futures Contract Closed at $2.700 on Wednesday, April 10th

By spragueoperati | April 11, 2019 | 0 Comments

Wednesday, April 10th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.715, nearly two cents above Tuesday’s closing price of $2.699.  Falling to an intraday low of $2.686 […]

Oil prices slipped from their nearly six month highs

By spragueoperati | April 10, 2019 | 0 Comments

Recap: Oil prices slipped from their nearly six month highs after the International Monetary Fund cut its forecast for global economic growth and as Russia signaled it may back out […]

May NYMEX Natural Gas Futures Contract Closed at $2.699 on Tuesday, April 9th

By spragueoperati | April 10, 2019 | 0 Comments

Tuesday, April 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.701, slightly below Monday’s closing price of $2.708.  Falling to the intraday low of $2.680 within minutes […]

Tensions in Libya combined with ongoing production cuts from OPEC pushed prices higher

By spragueoperati | April 9, 2019 | 0 Comments

Recap: Oil prices traded at five-month highs on Monday, as fighting in Libya raised concerns of tightening supplies. For the first since October, WTI traded above $64.00 a barrel, while Brent […]

May NYMEX Natural Gas Futures Contract Closed at $2.708 on Monday, April 8th

By spragueoperati | April 9, 2019 | 0 Comments

Monday, April 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.684, two cents above Friday’s closing price of $2.664.  Climbing from the intraday low of $2.683 as […]

Crude prices ended the week at a five-month high

By spragueoperati | April 8, 2019 | 0 Comments

Recap: Crude prices finished on a positive note, to end the week at a five-month high. Oil markets gained confidence amid rising evidence that Saudi Arabia and other major oil […]