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.

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

December NYMEX Natural Gas Futures Contract Closed at $2.949 on Tuesday, November 10th

November 11, 2020
Tuesday, November 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.895, four cents above Monday’s closing price $2.859.  Slipping to an intraday low of $2.855 soon after the opening bell, prices then surged higher as moderately cooler temperatures have retur ... Read More

Oil prices continued to post gains on Tuesday

November 11, 2020
Recap: Oil prices continued to post gains on Tuesday, as hopes that a coronavirus vaccine could be available as early as the end of the year and that the negative impact the virus is having on demand can be reversed. Gains were kept in check by lockdowns in Europe, as well as an ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $2.859 on Monday, November 9th

November 10, 2020
Monday, November 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.887, nearly even to Friday’s closing price $2.888.  Extending to an intraday high of $2.913 within minutes 9:00AM, prices soon withdrew to find an intraday low of $2.838 at 10:20AM.  Persistent ... Read More
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