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.

Oil futures have slowly risen 30% this year

April 20, 2021
Recap: Oil prices continued to trade sideways on Monday, as prices pivoted above and below unchanged. Crude prices searched for direction, as a weaker dollar, and falling U.S. inventories kept a floor under this market, while the number of COVID-19 cases hit a weekly record despi ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.680 on Friday, April 16th

April 19, 2021
Friday, April 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.691, three cents above Thursday’s closing price of $2.658.  Achieving an intraday high of $2.700 at 9:20AM and an intraday low of $2.664 nearly two hours later, the contract traded within a tight ... Read More

The EIA reported the third straight weekly decline in U.S. crude oil inventories

April 19, 2021
Recap: Oil futures turned lower late in the session on Friday, but finished the week with a marked gain on signs of an economic recovery in the U.S. and China and as the outlook for demand appear rosier. China reported that its first-quarter gross domestic product jumped 18.3% on ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.658 on Thursday, April 15th

April 16, 2021
Thursday, April 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.590, three cents below Wednesday’s closing price of $2.618.  Tallying an intraday low of $2.586 within minutes of the opening bell, prices rose to trade near $2.620 by 10:00AM.  Climbing higher ... Read More

Oil futures climbed for the fourth straight session on Thursday

April 16, 2021
Recap: Oil futures climbed for the fourth straight session on Thursday, settling at their highest level in a month, as optimism over demand, amid falling U.S. crude oil inventories remains the key focus among traders. Once again, weakness in the U.S. dollar also lent support. Tra ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.618 on Wednesday, April 14th

April 15, 2021
Wednesday, April 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.651, three cents above Tuesday’s closing price of $2.619.  Ascending to an intraday high of $2.666 soon after the opening bell, prices then trended lower as forecasts for cooler temperatures h ... Read More

Oil futures climbed by almost 5% on Wednesday

April 15, 2021
Recap: Oil futures climbed by almost 5% on Wednesday, as the International Energy Agency raised its forecast for global oil demand and as U.S. government data revealed a third-weekly drop in U.S. crude oil inventories. Oil prices also got a boost from the latest demand updates, w ... Read More
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OPEC raised its forecast for oil consumption by 190,000 bpd for 2021

April 14, 2021
Recap: On Tuesday, the oil market posted an inside trading day as it failed to breach Monday’s trading range.  While the market traded sideways, it did trade higher for much of the day.  The market was supported by OPEC’s monthly report, which showed that OPEC increased its expec ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $2.561 on Monday, April 12th

April 13, 2021
Monday, April 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.583, six cents above Friday’s closing price of $2.526.  Ascending to an intraday high of $2.599 within minutes of 9:00AM, the contract found an intraday low of $2.531 an hour later.  Trading alon ... Read More

The oil market was supported by optimism over the pace of coronavirus vaccinations in the U.S.

April 13, 2021
Recap: The oil market on Monday posted an outside trading as the market was well supported by optimism over the pace of coronavirus vaccinations in the U.S. and news that the Yemen's Iran-aligned Houthi movement said it had fired 17 drones and two ballistic missiles at Saudi targ ... Read More
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