Search Results

A white fuel tanker truck with the Sprague logo and the slogan "Energy Makes the Difference" displayed prominently on the side. The truck is parked outdoors under a clear sky.

The Oil Market Was Supported by Hopes For a Pause in U.S. Interest Rate Increases

By spragueoperati | June 2, 2023 | Comments Off on The Oil Market Was Supported by Hopes For a Pause in U.S. Interest Rate Increases

Recap:  The market retraced little more than 62% of the selloff seen over the past couple of sessions, despite the weekly petroleum stock report showing an unexpected build in crude […]

July NYMEX Natural Gas Futures Contract Closed at $2.266 on Wednesday, May 31st

By spragueoperati | June 1, 2023 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.266 on Wednesday, May 31st

Wednesday, May 31st saw the front-month NYMEX Natural Gas Futures Contract open at $2.372, five cents above Tuesday’s closing price of $2.327. Peaking at the intraday high of $2.410 ahead […]

The Crude Market Traded Mostly Sideways in Overnight Trading Before it Began its Sell Off

By spragueoperati | June 1, 2023 | Comments Off on The Crude Market Traded Mostly Sideways in Overnight Trading Before it Began its Sell Off

Recap:  The oil market continued to trend lower on Wednesday following some weak data from China. The crude market traded mostly sideways in overnight trading before it began its sell […]

July NYMEX Natural Gas Futures Contract Closed at $2.327 on Tuesday, May 30th

By spragueoperati | May 31, 2023 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.327 on Tuesday, May 30th

Tuesday, May 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.323, nine cents below Friday’s closing price of $2.417. Following the long holiday weekend, prices peaked at […]

The Physical Market for Crude Signaled that Supplies are More Than Enough to Meet Demand

By spragueoperati | May 31, 2023 | Comments Off on The Physical Market for Crude Signaled that Supplies are More Than Enough to Meet Demand

Recap:  The oil market sold off on Tuesday as the physical market for crude signaled that supplies are more than enough to meet demand. Bloomberg reported that WTI’s June-July cash […]

July NYMEX Natural Gas Futures Contract Closed at $2.417 on Friday, May 26th

By spragueoperati | May 30, 2023 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.417 on Friday, May 26th

Friday, May 26th settlement day for the June contract, saw the front month open at $2.240, nearly seven cents below Thursday’s closing price of $2.307. June settled lower on Friday […]

The Oil Market Posted an Inside Trading Day Amid the Uncertainty of an OPEC+ Supply Cut

By spragueoperati | May 30, 2023 | Comments Off on The Oil Market Posted an Inside Trading Day Amid the Uncertainty of an OPEC+ Supply Cut

Recap:  The oil market posted an inside trading day amid the uncertainty of an OPEC+ supply cut at its meeting this week and the ongoing debt ceiling negotiations. The market […]

June NYMEX Natural Gas Futures Contract Closed at $2.307 on Thursday, May 25th

By spragueoperati | May 26, 2023 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $2.307 on Thursday, May 25th

Thursday, May 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.382, two cents below Wednesday’s closing price of $2.398. Trading evenly along $2.385 leading up to the […]

The Oil Market on Thursday Retraced Nearly all of its Gains Earlier This Week

By spragueoperati | May 26, 2023 | Comments Off on The Oil Market on Thursday Retraced Nearly all of its Gains Earlier This Week

Recap:  The oil market on Thursday retraced nearly all of its gains seen earlier this week as Russia downplayed the prospect of further OPEC+ production cuts at its meeting next […]

June NYMEX Natural Gas Futures Contract Closed at $2.398 on Wednesday, May 24th

By spragueoperati | May 25, 2023 | Comments Off on June NYMEX Natural Gas Futures Contract Closed at $2.398 on Wednesday, May 24th

Wednesday, May 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.372, five cents above Tuesday’s closing price of $2.321. Gaining ground overnight, the contract stabilized near $2.380 […]