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.

The market was also supported by a smaller than expected increase in U.S. crude oil inventories

November 19, 2020
Recap: Oil futures traded higher on Wednesday, on vaccine related optimism and hopes that OPEC would delay plans to increase output. The market was also supported by a smaller than expected increase in U.S. crude oil inventories. WTI rose to a fresh high for the week, to trade ab ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $2.692 on Tuesday, November 17th

November 18, 2020
Tuesday, November 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.707, a penny above Monday’s closing price $2.697.  Trading along either side of $2.700 through 11:00AM, tallying an intraday high of $2.717 at 9:50AM, the contract fell to an intraday low of ... Read More

Oil prices peeled back recent gains Tuesday on signs of exhaustion

November 18, 2020
Recap: Oil prices peeled back recent gains Tuesday on signs of exhaustion as the rising number of coronavirus cases overshadowed hopes for a vaccine. The short term economic outlook remains cloudy with European countries imposing tighter restrictions.  An option gaining support a ... Read More
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A report showed China’s crude oil throughput rose 2.6% in October

November 17, 2020
Recap: Oil futures traded higher in overnight trading, spurred by a report that showed China’s crude oil throughput rose 2.6% in October from a year earlier to its highest-ever level as fuel demand firmed on strong holiday travel. A second boost came after Moderna announced that ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $2.697 on Monday, November 16th

November 17, 2020
Monday, November 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.840, fifteen cents below Friday’s closing price $2.995.  Peaking at an intraday high of $2.841 within minutes of the opening bell, the contract withdrew to the $2.760 as weather forecasts turn ... Read More

The oil market on Friday fell for the second consecutive session

November 16, 2020
Recap: The oil market on Friday fell for the second consecutive session, pressured by increasing output from Libya and the concerns that the increasing coronavirus infections may slow a recovery in the economy and impact fuel demand.   While the news of the vaccine earlier this w ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.976 on Thursday, November 12th

November 13, 2020
Thursday, November 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.999, three cents below Wednesday’s closing price $3.031.  Churning higher throughout the morning, it achieved an intraday high of $3.053 at 11:10AM and again twenty minutes later.  Trending ... Read More

Oil futures were pressured by the unexpected increase in U.S. crude oil inventories

November 13, 2020
Recap: Oil futures fell on Thursday, pressured by the unexpected increase in U.S. crude oil inventories and lower demand expectations due to the spread of COVID-19. Prices had traded higher for a good portion of the session, as the potential for a vaccine renewed hopes that deman ... Read More
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API inventory numbers showed a 5.1 million barrel draw in U.S. crude oil stockpiles.

November 12, 2020
Recap: For the first time since the beginning of September, WTI tested the $43 level, while Brent touched above $45, as traders continued to react to the possibility of a COVID-19 vaccine and yesterday’s API inventory numbers, which showed a 5.1 million barrel draw in U.S. crude ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $3.031 on Wednesday, November 11th

November 12, 2020
Wednesday, November 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.939, a penny below Tuesday’s closing price $2.949.  Climbing to $2.988 by 9:30AM, the contract traded along either side of $2.955 for the majority of the day. Falling to an intraday low of ... Read More
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