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The EIA’s weekly petroleum stocks reports showing unexpected builds in both crude and gasoline stocks

By spragueoperati | June 27, 2024 | Comments Off on The EIA’s weekly petroleum stocks reports showing unexpected builds in both crude and gasoline stocks

Recap:  The oil market settled slightly higher on Wednesday despite the EIA’s weekly petroleum stocks reports showing unexpected builds in both crude and gasoline stocks. The EIA reported a build […]

July NYMEX Natural Gas Futures Contract Closed at $2.628 on Wednesday, June 26th

By spragueoperati | June 27, 2024 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.628 on Wednesday, June 26th

Wednesday, June 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.685, seven cents below Tuesday’s closing price of $2.756. Trending lower as settlement drew near, July closed […]

The Oil Market on Tuesday Ended the Session Lower Ahead of the Release of the Weekly Petroleum Stocks Reports

By Emily Beckett | June 26, 2024 | Comments Off on The Oil Market on Tuesday Ended the Session Lower Ahead of the Release of the Weekly Petroleum Stocks Reports

Recap:  The oil market on Tuesday ended the session lower ahead of the release of the weekly petroleum stocks reports later in the afternoon and on Wednesday morning. The market’s […]

July NYMEX Natural Gas Futures Contract Closed at $2.756 on Tuesday, June 25th

By Emily Beckett | June 26, 2024 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.756 on Tuesday, June 25th

Tuesday, June 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.772, four cents below Monday’s closing price of $2.811. Arcing higher throughout the morning to tally the […]

The Market Remained Supported by Tensions in the Middle East and An Easing of the U.S. Dollar

By Emily Beckett | June 25, 2024 | Comments Off on The Market Remained Supported by Tensions in the Middle East and An Easing of the U.S. Dollar

Recap:  The crude market traded higher on Monday as the market remained supported by tensions in the Middle East and an easing of the U.S. dollar, which had rallied to […]

July NYMEX Natural Gas Futures Contract Closed at $2.811 on Monday, June 24th

By Emily Beckett | June 25, 2024 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.811 on Monday, June 24th

Monday, June 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.676, three cents below Friday’s closing price of $2.705. Recording the intraday low of $2.648 in the […]

U.S. Business Activity Increased to a 26 Month High in June Amid a Rebound in Employment

By Emily Beckett | June 24, 2024 | Comments Off on U.S. Business Activity Increased to a 26 Month High in June Amid a Rebound in Employment

Recap:  The oil market retraced its earlier gains on Friday and ended the session lower for the first time in four days but still ended the week up $2.68 or […]

Mack Point Open House Recap

By spragueoperati | June 21, 2024 | Comments Off on Mack Point Open House Recap

Successful Event Showcases Sprague’s Vision for Maine’s Offshore Wind Future On June 11, Sprague Energy hosted an Open House, including three tours at our Mack Point Terminal in Searsport, Maine, […]

The Latest U.S. Inventory Data Showed Crude Oil Stocks Fell Last Week

By Emily Beckett | June 21, 2024 | Comments Off on The Latest U.S. Inventory Data Showed Crude Oil Stocks Fell Last Week

Recap:  The oil market traded higher on Thursday after the latest U.S. inventory data showed crude oil stocks fell last week. The market posted a low of $81.13 during Wednesday’s […]

July NYMEX Natural Gas Futures Contract Closed at $2.741 on Thursday, June 20th

By Emily Beckett | June 21, 2024 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.741 on Thursday, June 20th

Thursday, June 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.856, five cents be-low Tuesday’s closing price of $2.909. Markets were closed on Wednesday in observance of […]