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.

There was a 15 million barrel increase in U.S. crude oil inventories

December 10, 2020
Recap: Oil futures posted modest losses on Wednesday despite the more than 15 million barrel increase in U.S. crude oil inventories. The modest reaction to the huge stockpile build has been attributed to the sharp rise in crude oil imports, which increased by 2.7 million barrels ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.399 on Tuesday, December 8th

December 9, 2020
Tuesday, December 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.434, three cents above Monday’s closing price $2.406.  Trading within three cents of $2.435 through the morning hours, prices rose to an intraday high of $2.458 at midday.  The contract then t ... Read More

U.S. inventory numbers are expected to show a decline in crude oil stockpiles and a build in refined products

December 9, 2020
Recap: Oil futures mostly lower on Tuesday, as the number of rising COVID-19 cases overshadowed optimism tied to a number of vaccines, which are already being administered in the UK. Despite the recent rise in oil prices, the spread of the virus has led to renewed lockdowns, caus ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.406 on Monday, December 7th

December 8, 2020
Monday, December 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.417, sixteen cents below Friday’s closing price of $2.575.  Down 17% from last Monday’s opening, persistent and extended forecasts for above average temperatures have diminished hopes for a str ... Read More

Oil futures pulled back from a nine month high on Monday

December 8, 2020
Recap: Oil futures pulled back from a nine month high on Monday, as the number of coronavirus cases continue to surge and as tensions between China and the U.S. intensifies. Demand for oil remains well below seasonal norms, as COVID-19 continues to force lockdowns across the glob ... Read More
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All three major petroleum futures contracts on NYMEX finished the trading session higher Friday

December 7, 2020
Recap: Not only did all three major petroleum futures contracts on NYMEX finish the trading session higher Friday, they also posted their fifth consecutive weekly gain. Despite the current surging hospitalization and death rate due to Covid in the United States, oil traders seeme ... Read More
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January NYMX Natural Gas Futures Contract Closed at $2.575 on Friday, December 4th

December 7, 2020
Friday, December 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.511, slightly above Thursday’s closing price $2.507.  Touching down to an intraday low of $2.501 minutes after 9:00AM, the contract gradually ascended throughout the day as traders took advanta ... Read More

January NYMEX Natural Gas Futures Contract Closed at $2.507 on Thursday, December 3rd

December 4, 2020
Thursday, December 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.611, seventeen cents below Wednesday’s closing price $2.780.  Attaining an intraday high of $2.617 within minutes of the opening bell, prices then cascaded lower as updated forecasts for abov ... Read More

OPEC+ agreed to gradually increase crude production starting in January

December 4, 2020
Recap: Oil futures continued to trend higher on Thursday despite OPEC+ agreeing to gradually increase crude production starting in January. This contradicts earlier expectations for an extension of current output cuts. OPEC and its allies have agreed to increase production by 500 ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.780 on Wednesday, December 2nd

December 3, 2020
Wednesday, December 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.929, five cents above Tuesday’s closing price of $2.880.  Peaking at an intraday high of $2.934 soon after trading floors opened, the contract then moved decidedly lower to settle in near $2 ... Read More
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