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 slipped on Monday

December 22, 2020
Recap: Oil futures slipped on Monday amid fears that the new strain of COVID-19 found in the UK will put additional pressure on demand. Several countries have already closed their borders to British travelers, and at this point, a lot depends on whether or not the new strain will ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.700 on Friday, December 18th

December 21, 2020
Friday, December 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.677, four cents above Thursday’s closing price $2.636.  Trading along either side of $2.690 for the majority of the day, prices rose to an intraday high of $2.720 at 11:00AM and fell to an int ... Read More

Oil futures settled at their highest level since February

December 21, 2020
Recap: Oil futures settled at their highest level since February, gaining for the seventh week in a row, as the vaccine rollout for COVID-19 continues and on heightened optimism that U.S. lawmakers would reach an economic relief package. Approval for Moderna’s vaccine is nearing ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.636 on Thursday, December 17th

December 18, 2020
Thursday, December 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.682, nearly a penny above closing price $2.677.  Trading along $2.685 through 10:00AM, the contract rose to an intraday high of $2.709 ahead of the weekly storage release.  Tumbling downward ... Read More

Oil futures settled higher on signs of progress on another US stimulus package

December 18, 2020
Recap: Oil futures settled higher for the fourth straight session, as signs of progress have been seen in U.S. lawmakers reaching a second round of economic relief. Oil prices jumped to fresh nine month highs, as vaccine rollouts continued, and as Asian demand remains hearty. A s ... Read More
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Crude oil market traded higher after the EIA reported a decline in U.S. crude oil stocks

December 17, 2020
Recap: The crude oil market traded higher, in lock step with equities, after the EIA reported a decline in U.S. crude oil stocks, as more COVID-19 vaccines were announced, and on increasing hope that an agreement for an economic stimulus package out of Washington. However, recent ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.682 on Tuesday, December 15th

December 16, 2020
Tuesday, December 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.608, seven cents below Monday’s closing price $2.682.  Recording an intraday low of $2.602 as overnight trading saw the contract withdraw, following the previous session’s rally, bulls were q ... Read More

Oil futures rose to a more than nine month high

December 16, 2020
Recap: Oil futures rose to a more than nine month high, boosted by trader confidence, as the rollout of the COVID-19 vaccine began its second day in the U.S. and on hopes that lawmakers in Washington would reach an agreement on a second economic stimulus relief package. Signs of ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.682 on Monday, December 14th

December 15, 2020
Monday, December 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.687, nearly ten cents above Friday’s closing price $2.591.  Bolstered by colder temperatures entering the forecast, prices jumped in pre-session trading, tallying a near two week intraday high ... Read More

OPEC stated in a monthly report that global oil demand will rebound more slowly in 2021

December 15, 2020
Recap: After a choppy trading session, oil futures ended higher on Monday. The trading session opened with prices trading slightly to the upside, as the rollout of the COVID-19 vaccine got underway in the U.S., raising hopes that the economy would improve, taking demand along wit ... Read More
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