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The market remained weighed down by an increase in the number of rigs searching for oil in the US

By spragueoperati | January 30, 2018 | 0 Comments

Recap: The oil market traded higher on the opening and rallied to a high of $66.46 in overnight trading after the market breached its previous high.  However, the market erased its […]

The dissipation of cold weather that has been plaguing the U.S. could lead to a free fall in prices

By spragueoperati | January 29, 2018 | 0 Comments

Recap: Oil prices retreated from three year highs on Friday, but finished the session with posted gains, as the dollar weakened and the U.S. rig rose. Oil prices settled at their […]

February NYMEX Natural Gas Futures Contracts Closed at $3.505 on Friday, January 26th

By spragueoperati | January 29, 2018 | 0 Comments

Friday, January 26th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.466, two cents above Thursday’s closing price of $3.447.  Stepping higher to reach above $3.540 ahead of […]

Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2017 and Earnings Conference Call Schedule

By spragueoperati | January 26, 2018 | 0 Comments

Sprague increases cash distribution from $0.6225 to $0.6375 per unit  Portsmouth, NH (January 26, 2018) – Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that the Board of Directors of […]

Oil prices moved to their highest level in more than 3 years

By spragueoperati | January 26, 2018 | 0 Comments

Recap: Oil prices climbed to their highest level in more than 3-years, but remarks about the U.S. dollar by President Trump pushed the dollar higher, which in turn pressured oil prices. […]

February NYMEX Natural Gas Futures Contracts Closed at $3.447 on Thursday, January 25th

By spragueoperati | January 26, 2018 | 0 Comments

Thursday, January 25th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.547, four cents above Wednesday’s closing price of $3.509.  Tallying the intraday high of $3.552 as markets […]

Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2017 and Earnings Conference Call Schedule

By spragueoperati | January 26, 2018 | 0 Comments

 Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2017 and Earnings Conference Call Schedule Sprague increases cash distribution from $0.6225 to $0.6375 per unit Portsmouth, NH (January […]

EIA report indicated US crude oil inventories fell for the 10th straight week

By spragueoperati | January 25, 2018 | 0 Comments

Recap: Oil prices extended their gains after the EIA report indicated U.S. crude oil inventories fell for the 10th straight week, the longest streak of losses recorded. According to the report, […]

Expectations of another draw in US crude oil stocks pushed WTI to its highest level since December of 2014

By spragueoperati | January 24, 2018 | 0 Comments

Recap: Oil prices opened the session above unchanged then proceeded to move sideways in overnight trading. A daybreak dip failed to reach $63.48, the 10-day moving average for WTI, spurring […]

February NYMEX Natural Gas Futures Contracts Closed at $3.444 on Tuesday, January 23rd

By spragueoperati | January 24, 2018 | 0 Comments

Tuesday, January 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $3.348, twelve cents above Monday’s closing price of $3.224.  Expectations for an above average storage withdrawal for […]