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.

Baker Hughes reported a drop of 1 in the number of active U.S. oil rigs

August 3, 2020
Recap: September WTI climbed back above $40, in what was a choppy trading session, as prices seesawed above and below unchanged. Oil prices were also boosted by a slump in the dollar and maintained gains after Baker Hughes reported a drop of 1 in the number of active U.S. oil rig ... Read More
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Oil prices fell as oil producers begin to relax output restrictions

July 31, 2020
Recap:  Oil prices slipped on Thursday as fear of resurgence in global COVID-19 cases put demand front and center as major oil producers begin to relax output restrictions. The dismal jobs report and worse than expected GDP in the U.S. added to demand concerns. September WTI fell ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $1.833 on Thursday, July 30th

July 31, 2020
Thursday, July 30th saw the front-month NYMEX Natural Gas Futures Contract open at $1.889, 4 cents below Wednesday’s closing price of $1.937. Prices quickly jumped to an intraday high of $1.905 at 9:10AM. After reaching the daily high, prices began a measured and consistent desce ... Read More

August NYMEX Natural Gas Futures Contract Closed at $1.932 on Wednesday, July 29th

July 30, 2020
Wednesday, July 29th saw the front-month NYMEX Natural Gas Futures Contract open at an intraday low price of $1.847, 5 cents above Tuesday’s closing price of $1.798. Prices spent most of the day climbing be-fore reaching their intraday high of $1.937 at 2:20PM. A few minutes late ... Read More

Oil prices rose after the EIA reported largest drop in crude oil inventories this year

July 30, 2020
Recap: Oil prices rose on Wednesday after the EIA reported a 10.6 million barrel draw in U.S. crude oil inventories, the largest drop so far this year. However, gains were contained by another record day for reported new cases of coronavirus worldwide, and an unexpected rise in g ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.798 on Tuesday, July 28th

July 29, 2020
Tuesday, July 28th saw the front-month NYMEX Natural Gas Futures Contract open at $1.779, 4 cents above Monday’s closing price of $1.734. After a brief rally upon open, prices fell steadily to an intraday low of $1.753 at 12:00AM. After reaching the daily low, prices bounced back ... Read More

Oil prices finished at their lowest level in a week

July 29, 2020
Recap: Oil prices slipped on Tuesday, to finish at their lowest level in a week, as the U.S. dollar firmed and as investors worried about the worldwide spread of the coronavirus and its impact on demand. The ICE U.S. Dollar Index, a measure of the currency against a basket of six ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.734 on Monday, July 27th

July 28, 2020
Monday, July 27th saw the front-month NYMEX Natural Gas Futures Contract open at an intraday high of $1.783, 2 cents below Friday’s closing price of $1.808. Prices fell steadily to an intraday low of $1.714 at 11:20AM. Trading along either side of $1.745 for the balance of the da ... Read More

Oil futures shaved early losses on Monday

July 28, 2020
Recap: Oil futures shaved early losses on Monday, gaining on weakness in the U.S. dollar index, which fell to its lowest level in two years. However, gains were limited by the continued spread of COVID-19 and its impact on demand, as well as tensions between the U.S. and China. A ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.808 on Friday, July 24th

July 27, 2020
Friday, July 24th saw the front-month NYMEX Natural Gas Futures Contract open at $1.775, a penny below Thursday’s closing price of $1.785.  Following Thursday’s short-covering rally, the contract found bullish support once again as prices rose to an intraday high of $1.818 at 11: ... Read More
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