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.

OPEC raised its world oil demand forecast for the first quarter of 2022

December 14, 2021
Commentary: Oil futures ended lower on Monday, as traders focus on the spread of the omicron variant that causes COVID-19, and as they look toward this week’s Federal Reserve decision on monetary policy for clues on the economic outlook and energy demand. The oil market has been ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $3.925 on Friday, December 10th

December 13, 2021
Friday, December 10th  saw the front-month NYMEX Natural Gas Futures Contract open at $3.870, six cents above Thursday’s closing price of $3.814. Trading sideways along $3.860 throughout the morning, prices were then directed higher ahead of midday as a whisper of colder temperat ... Read More

Oil markets rose as the market continues to assess COVID-19 risks and related demand

December 13, 2021
Recap: Oil futures slightly rose on Friday, as the market continues to recover from fears of demand destruction due to the omicron variant of COVID. January WTI traded at a session high of $72.33, up $1.39, or 1.5%, after falling 2% on Thursday. Oil prices posted their largest we ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $3.814 on Thursday, December 9th

December 10, 2021
Thursday, December 9th saw the front-month NYMEX Natural Gas Futures Contract open at $3.782, three cents above Wednesday’s closing price of $3.815.  Marking the intraday low of $3.768 within minutes of the opening bell, prices traded along the $3.820 mark in the hour leading up ... Read More

Oil futures settled lower on Thursday

December 10, 2021
Recap: Oil futures settled lower on Thursday, as two Chinese property developer’s ratings were downgraded, and after some governments took measures to fight the omicron variant of the coronavirus. On Thursday, ratings agency Fitch downgraded property developers China Evergrande G ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $3.815 on Wednesday, December 8th

December 9, 2021
Wednesday, December 8th saw the front-month NYMEX Natural Gas Futures Contract open at $3.911, twenty-one cents above Tuesday’s closing price of $3.708. Recording an intraday high of $3.923 minutes after the opening bell, prices held relatively steady throughout the session as th ... Read More

U.S. weekly inventory figures showed a smaller-than-anticipated decline in crude stocks

December 9, 2021
Recap: Trading was a bit choppy on Wednesday, but remained positive as traders grew less concerned about the omicron variant of coronavirus and its impact on the global economy and demand. The market had a muted reaction to U.S. weekly inventory figures, which showed a smaller-th ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $3.708 on Tuesday, December 7th

December 8, 2021
Tuesday, December 7th saw the front-month NYMEX Natural Gas Futures Contract open at $3.756, ten cents above Monday’s closing price of $3.657. Ascending to an intraday high of $3.829 by 11:00AM, the contract withdrew into the afternoon, giving up overnight gains. As bearish forec ... Read More

Oil prices were up over 3%, extending the previous day’s rebound of almost 5%

December 8, 2021
Recap: Oil futures resumed their uptick Tuesday, on optimism that the omicron variant of coronavirus may not be as severe as first feared, easing demand concerns going forward. Oil prices were up over 3%, extending the previous day’s rebound of almost 5%. The rebound follows last ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $3.657 on Monday, December 7th

December 7, 2021
Monday, December 6th saw the front-month NYMEX Natural Gas Futures Contract open at $3.752, thirty-eight cents below Friday’s closing price of $4.132. As warmer-than-average weather continues to plague much of the U.S., prices continue their steep decline. Marking the intraday hi ... Read More
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