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 prices fell on Friday, marking the fifth straight week of declines

February 10, 2020
Recap:  Oil prices slipped on Friday, marking the fifth straight week of declines, as the spread of the coronavirus continued to spread fear over a slowdown in demand. Prices were unable to hold on to early gains after Russia’s energy minister said Moscow needed more time to asse ... Read More
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OPEC and Russia gave mixed signals in regard to additional output cuts

February 7, 2020
Recap: Trading was mostly mixed on Thursday, with oil prices giving up early gains, as OPEC and Russia gave mixed signals in regard to additional output cuts and as the coronavirus continues to spread. March WTI tacked on as much as $1.45, or 2.8%, to trade at a session high of $ ... Read More
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March NYMEX natural Gas Futures Contract Closed at $1.861 on Wednesday, February 5th

February 6, 2020
Wednesday, February 5th saw the front-month NYMEX Natural Gas Futures Contract open at $1.833, four cents above Tuesday’s closing price of $1.872.  Trickling down to an intraday low of $1.825 by 9:30AM, prices then surged to an intraday high of $1.871 at 10:40AM.  Trading along e ... Read More

Oil prices were off to their best day of 2020

February 6, 2020
Recap: Oil prices rose Wednesday, reversing course from their steady drop to start the year in a move that some traders attributed to unconfirmed media reports that a Chinese university found a treatment for the fast-spreading coronavirus. Oil prices were off to their best day of ... Read More
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March NYMEX Natural Gas Futures Contract Closed at $1.872 on Tuesday, February 4th

February 5, 2020
Tuesday, February 4th saw the front-month NYMEX Natural Gas Futures Contract open at $1.834, nearly two cents above Monday’s closing price of $1.819.  Recording an intraday low of $1.827 soon after markets opened, prices trended higher through the morning to reach $1.860 by midda ... Read More

OPEC and its allies considered deeper production cuts

February 5, 2020
Recap: Oil futures gave up earlier gains to finish with a loss on Tuesday, with U.S. prices below $50 a barrel for the first time in more than a year, as demand worries continue to plague the market. Prices fell even as the Organization of the Petroleum Exporting Countries and it ... Read More
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March NYMEX Natural Gas Futures Contract Closed at $1.819 on Monday, February 3rd

February 4, 2020
Monday, February 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.854, roughly a penny above Friday’s closing price of $1.841.  Tallying an intraday high of $1.855 soon after markets opened, prices swooped downward to an intraday low of $1.814 by 11:10AM.  Su ... Read More

Oil prices fell to the lowest in more than a year on Monday

February 4, 2020
Recap: Oil prices fell to the lowest in more than a year on Monday, dragged down by concern over demand in China after the coronavirus outbreak, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support. March WTI settled at $50.11 a bar ... Read More
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March NYMEX Natural Gas Futures Contract Closed at $1.841 on Friday, January 31st

February 3, 2020
Friday, January 31st saw the front-month NYMEX Natural Gas Futures Contract open at $1.836, nearly four cents above Thursday’s closing price of $1.829.  Stepping down to an intraday low of $1.831 within minutes of the opening bell, prices crept slowly higher until reaching an int ... Read More

The EIA reported that U.S crude oil inventories rose by 3.5 million barrels

February 3, 2020
Recap: After spiking in January in response to the U.S. drone attack that killed Iran’s top military agent, oil prices slid a painful 15%, the biggest January slide since 1991, as the coronavirus, which originated in China, spreads global fears of a slowdown in economic growth. A ... Read More
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