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 marked their first gain in four sessions

November 3, 2020
Recap: Oil futures erased early losses on Monday, to mark their first gain in four sessions following a rebound in equities ahead of the contentious U.S. presidential election. Adding to the strength in the market were Russian discussions over a possible delay in plans to increas ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $3.354 on Friday, October 30th

November 2, 2020
Friday, October 30th saw the front-month NYMEX Natural Gas Futures Contract open at $3.284, two cents below Thursday’s closing price $3.301.  Falling to an intraday low of $3.256 by 9:30AM, the contract then mounted a steady ascent to cross midday at $3.302 and continued higher.  ... Read More

Oil futures fell for the second straight month on Friday

November 2, 2020
Recap: Oil futures fell for the second straight month on Friday, as the rising number of COVID-19 cases in Europe and the U.S. increased concerns about the outlook for forward demand. Prices were down about 11% from the end of September, as demand concerns led to increased restri ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $3.301 on Thursday, October 29th

October 30, 2020
Thursday, October 29th saw the front-month NYMEX Natural Gas Futures Contract open at $3.204, nine cents below Wednesday’s closing price $3.291.  Withdrawing early in the session to record an intraday low of $3.151 at 9:30AM, as hurricane related production concerns dissipated, t ... Read More

WTI experienced its widest trading range since September 8

October 30, 2020
Recap: Oil futures fell Thursday, as the spiraling number of coronavirus cases triggered tightening restrictions in Europe and the U.S; leading to increasing concerns that the already weak demand for energy would be further impacted. WTI experienced its widest trading range since ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $3.291 on Wednesday, October 28th

October 29, 2020
Wednesday, October 28th – settlement day for the November contract — saw the front-month NYMEX Natural Gas Futures Contract settle at $2.996, below Tuesday’s closing price $3.019.  The more heavily traded December contract opened at $3.302, a penny below Tuesday’s closing price o ... Read More

The EIA reported the largest weekly increase in U.S. crude oil inventories since July

October 29, 2020
Recap: Oil prices plummeted on Wednesday, with Brent futures sinking to their lowest level in four months, as the number of coronavirus cases continued to climb and after the EIA reported the largest weekly increase in U.S. crude oil inventories since July. The decline in oil pri ... Read More
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Energy companies shut in their U.S. Gulf of Mexico oil production ahead of the Hurricane Zet

October 28, 2020
Recap: The oil market retraced Monday’s losses as energy companies shut in their U.S. Gulf of Mexico oil production ahead of the Hurricane Zeta. However, its gains were limited by concerns that demand may weaken with COVID-19 cases rising.  The market posted a low of $38.51 early ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $3.019 on Tuesday, October 27th

October 28, 2020
Tuesday, October 27th saw the front-month NYMEX Natural Gas Futures Contract open at $3.020 just below Monday’s closing price $3.024.  Falling to an intraday low of $2.986 soon after 9:00AM, prices ascended for the majority day to mark an intraday high of $3.091 at 1:50PM.  Colla ... Read More

November NYMEX Natural Gas Futures Contract Closed at $3.024 on Monday, October 26th

October 27, 2020
Monday, October 26th saw the front-month NYMEX Natural Gas Futures Contract open at $3.012 four cents above Friday’s closing price $2.971. Recording the intraday low and high within the initial 15 minutes of the sessions, $3.005 and 3.080 respectively, the contract found support ... Read More
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