COVID-19 Response
Stay current on the latest announcements and news from Sprague - including press releases, product spec sheets, and case studies. Download PDF Reader.

Prices fell almost 7% during the trading session and hit their lowest level in three weeks

December 21, 2021
Recap: Trading in oil futures was volatile on Monday, with prices falling almost 7% during the trading session, hitting their lowest level in three weeks. Surging cases of the Omicron variant in Europe and the U.S. raised concern among traders that new restrictions to combat its ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $3.690 on Friday, December 17th

December 20, 2021
Friday, December 17th  saw the front-month NYMEX Natural Gas Futures Contract open at $3.704, six cents below Thursday’s closing price of $3.766. Falling to the intraday low of $3.674 by 9:15AM, prices then posted a choppy ascent that would peak at an intraday high of $3.814 at 1 ... Read More

Omicron variant of COVID creates uncertainty and pushes oil prices lower

December 20, 2021
Recap:  While demand has been recovering from pandemic lows, the threat of new lockdown measures and travel restrictions due to the omicron variant is hanging over oil markets as supply from OPEC+ and elsewhere rises, sending crude oil lower on Friday. So far health officials hav ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $3.766 on Thursday, December 16th

December 17, 2021
Thursday, December 16th  saw the front-month NYMEX Natural Gas Futures Contract open at $3.890, nine cents above Wednesday’s closing price of $3.802.  An overnight shift calling for additional heating degree days in the coming weeks provided support enough for prices to trade alo ... Read More

Oil futures jumped by 2% after upbeat economic outlook from Federal Reserve

December 17, 2021
Recap:  Oil futures jumped by almost 2% on Thursday, as record U.S. implied demand, falling crude stockpiles and an upbeat economic outlook from the Federal Reserve trumped fears of the omicron variant of coronavirus hurting global consumption. Crude and other risk assets such as ... Read More
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Data showed a bigger-than-expected weekly draw in U.S. crude oil inventories

December 16, 2021
Recap: Oil futures turned higher on Wednesday, erasing early losses after the U.S. Federal Reserve announced plans to speed up its reduction of monthly bond purchases and signaled three interest rate hikes next year, instead of one. Oil prices were trading down on the day, as con ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $3.802 on Wednesday, December 15th

December 16, 2021
Wednesday, December 15th saw the front-month NYMEX Natural Gas Futures Contract open at $3.871, thirteen cents above Tuesday’s closing price of $3.747. Trading within a four-cent range of $3.880 throughout the morning as traders keep their fingers crossed for some late month frig ... Read More

January NYMEX Natural Gas Futures Contract Closed at $3.747 on Tuesday, December 14th

December 15, 2021
Tuesday, December 14th  saw the front-month NYMEX Natural Gas Futures Contract open at $3.746, five cents below Monday’s closing price of $3.794. Peaking at an intraday high of $3.803 by 9:15AM, prices withdrew to trade along the $3.720 mark for the majority of the day as warmer ... Read More

The IEA revised down its oil demand outlook by around 100,000 bpd for both 2021 and 2022

December 15, 2021
Recap: Crude oil futures dipped on Tuesday after the International Energy Agency said the omicron variant of the coronavirus that cause COVID-19 would slow a recovery in demand. The agency also said the global oil market has returned to a surplus with the variant curbing internat ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $3.794 on Monday, December 13th

December 14, 2021
Monday, December 13th  saw the front-month NYMEX Natural Gas Futures Contract open at $4.048, twelve cents above Friday’s closing price of $3.925. Trading along $4.050 through the session’s opening ninety minutes, the contract peaked at an intraday high of $4.071 at 10:30AM. Losi ... Read More
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