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 fell for the second straight session due to coronavirus demand concerns

July 24, 2020
Recap: Oil futures fell for the second straight session as coronavirus demand concerns and an unexpected rise in U.S. crude oil inventories overshadowed weakness in the dollar. As the coronavirus spreads across the U.S. in alarming numbers, the potential for further business shut ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.681 on Wednesday, July 22nd

July 23, 2020
Wednesday, July 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.653, two cents below Tuesday’s closing price of $1.675.  Slipping to an intraday low of $1.636 at 9:30AM, prices then trended higher as traders squared their positions ahead of Thursday’s stora ... Read More

Inventory data showed a larger than expected build in U.S. crude oil stockpiles

July 23, 2020
Recap: U.S. oil futures fell slightly on Wednesday, one day after reaching their highest level since March, as inventory data showed a larger than expected build in U.S. crude oil stockpiles, and as tensions between the U.S. and China increase, raising demand concerns. Losses wer ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.675 on Tuesday, July 21st

July 22, 2020
Tuesday, July 21st saw the front-month NYMEX Natural Gas Futures Contract open at $1.662, two cents above Monday’s closing price of $1.641.  Ascending as high as $1.900 and finding a bottom near $1.500, natural gas has seen its fair share of rallies over the past few months. Shor ... Read More

Oil futures surged to a four month high on Tuesday

July 22, 2020
Recap: Oil futures surged to a four month high on Tuesday, catapulted by promising results for a vaccine against COVID-19 and by a European Union stimulus deal. Also supporting the market, were expectations that U.S. crude oil and refined product inventories likely fell last week ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.641 on Monday, July 20th

July 21, 2020
Monday, July 20th saw the front-month NYMEX Natural Gas Futures Contract open at $1.695, two cents below Friday’s closing price of $1.718.  Extending to an intraday high of $1.707 within minutes of the opening bell, prices soon plummeted lower, reaching a four-week intraday low o ... Read More

Oil futures gained traction after losing footing on Friday

July 21, 2020
Recap: Oil futures gained traction after losing footing on Friday, finding support on positive results from a COVID-19 vaccine trial, which offset the pandemic’s risk to an economic recovery and energy demand. Investors are also looking to the EU summit for trading cues, with lea ... Read More
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August NYMEX Natural Gas Futures Contract Closed at $1.718 on Friday, July 17th

July 20, 2020
Friday, July 17th saw the front-month NYMEX Natural Gas Futures Contract open at $1.725, nearly even to Thursday’s closing price of $1.723.  Trading along either side of $1.735 for the initial two hours of the session, prices rose to an intraday high of $1.750 at 11:00AM.  Losing ... Read More

Oil futures finished lower on Friday, but managed to squeeze out a second weekly gain

July 20, 2020
Recap: Oil futures finished lower on Friday, but managed to squeeze out a second weekly gain. The number of rising coronavirus cases across the globe has heightened concern that a second round of economic shutdowns may follow, thereby lowering the demand for crude oil. Despite st ... Read More
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A decline in global equities put pressure on oil prices

July 17, 2020
Recap: A decline in global equities put pressure on oil prices Thursday, just one day after trading at their highest level in four months. Prices also pulled back overnight after disappointing retail sales data out of China. China’s retail sales fell 1.8% year-on-year in June, th ... Read More
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