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A Mostly Bearish Oil Inventory Report and the Expected 25 Basis Point Interest Rate Increase Announced by the Federal Reserve

By spragueoperati | July 27, 2023 | Comments Off on A Mostly Bearish Oil Inventory Report and the Expected 25 Basis Point Interest Rate Increase Announced by the Federal Reserve

Recap:  The crude oil market retraced some of its previous gains on Wednesday and posted an inside trading day following a mostly neutral to bearish oil inventory report and the […]

August NYMEX Natural Gas Futures Contract Closed at $2.730 on Tuesday, July 25th

By spragueoperati | July 26, 2023 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.730 on Tuesday, July 25th

Tuesday, July 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.680, just below Monday’s closing price of $2.685. Falling to the intraday low of $2.656 soon after […]

The Oil Market Continued to Rally a Three-Month High on Tuesday

By spragueoperati | July 26, 2023 | Comments Off on The Oil Market Continued to Rally a Three-Month High on Tuesday

Recap:  The oil market continued to rally a three-month high on Tuesday after the market was steady early in the session. The market traded higher ahead of the release of […]

Sprague Signs Offtake Agreement with Biofine for the Carbon-Negative Biofuel EL100

By spragueoperati | July 25, 2023 | Comments Off on Sprague Signs Offtake Agreement with Biofine for the Carbon-Negative Biofuel EL100

The agreement is a significant step towards decarbonizing the heating oil market and commercializing Biofine’s patented technology.                                                                         PORTLAND, ME – July 25, 2023 – Biofine Developments Northeast Inc. (Biofine) […]

August NYMEX Natural Gas Futures Contract Closed at $2.685 on Monday, July 24th

By spragueoperati | July 25, 2023 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.685 on Monday, July 24th

Monday, July 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.727, a penny above Friday’s closing price of $2.713. Coming off a pre-session rally, prices jumped to […]

Saudi Oil Output Cuts Impacting the Market and the Expectations that Further Stimulus in China Will Continue to Support Prices

By spragueoperati | July 25, 2023 | Comments Off on Saudi Oil Output Cuts Impacting the Market and the Expectations that Further Stimulus in China Will Continue to Support Prices

Recap: The oil market continued to trend higher on Monday as it remained well supported by Saudi oil output cuts impacting the market and the expectations that further stimulus in […]

August NYMEX Natural Gas Futures Contract Closed at $2.713 on Friday, July 21st

By spragueoperati | July 24, 2023 | Comments Off on August NYMEX Natural Gas Futures Contract Closed at $2.713 on Friday, July 21st

Friday, July 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.728, three cents below Thursday’s closing price of $2.757. Trading within a two-cent range of the opening […]

Regulatory Matters – Second Quarter 2023

By spragueoperati | July 24, 2023 | Comments Off on Regulatory Matters – Second Quarter 2023

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 […]

The Oil Market Continued to Retrace Some of its Previous Losses and Rallied to its Fourth Weekly Gain

By spragueoperati | July 24, 2023 | Comments Off on The Oil Market Continued to Retrace Some of its Previous Losses and Rallied to its Fourth Weekly Gain

Recap: On Friday, the oil market continued to retrace some of its previous losses and rallied to its fourth weekly gain. The market was supported amid tightening supplies and economic […]

The oil market on Thursday traded in and out of positive territory

By spragueoperati | July 21, 2023 | Comments Off on The oil market on Thursday traded in and out of positive territory

Recap: The oil market on Thursday traded in and out of positive territory, ahead of its expiration at the close. The market traded mostly sideways and posted a high of $76.15 […]