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 that the U.S. oil drilling rig count increased by 6 to 295

February 1, 2021
Recap: Oil prices continue to struggle to the upside, as they went back and forth during the week. As there is persistent resistance above this market, there are signs that it may be running out of steam. Adding pressure to the market were weaker equities amid lingering concerns ... Read More
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March NYMEX Natural Gas Futures Contract Closed at $2.564 on Friday, January 29th

February 1, 2021
Friday, January 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.658, slightly below Thursday’s closing price of $2.664.  Ascending to an intraday high of $2.695 by 9:45AM, warming forecasts quickly put a damper on any bullish support.  Trending lower near 1 ... Read More
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March NYMEX Natural Gas Futures Contract Closed at $2.664 on Thursday, January 28th

January 29, 2021
Thursday, January 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.664, four cents below Wednesday’s closing price of $2.702.  Ascending to the $2.680 level ahead of the weekly storage publication, prices proceeded to sink as the bearish report hit the wire. ... Read More

Oil futures bounced around on Thursday

January 29, 2021
Recap: Oil futures bounced around on Thursday, looking for direction, as traders gage the effects of the latest EIA report against the effects of the widely spreading coronavirus and its impact on demand. Prices dipped early in the session due to new COVID-19 related travel restr ... Read More
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March NYMEX Natural Gas Futures Contract Closed at $2.702 on Wednesday, January 27th

January 28, 2021
Wednesday, January 27th, settlement day for the February contract, saw the front-month NYMEX Natural Gas Futures Contract open at $2.731, nearly eight cents above Tuesday’s closing price of $2.656.  Falling to an intraday low of $2.687 ahead of 10:00AM, prices rallied into the af ... Read More

The EIA reported that U.S. crude oil inventories showed an unexpected massive draw in inventories

January 28, 2021
Recap: Oil prices were trading steady on the opening on hopes that the U.S. government would reach an agreement on a stimulus package and an improvement in the number of COVID-19 cases in China. Prices turned to the downside as the U.S. dollar strengthened and demand for riskier ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.656 on Tuesday, January 26th

January 27, 2021
Tuesday, January 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.649, nearly five cents above Monday’s closing price of $2.602.  Trading along the $2.635 level throughout the day, February closed $2.656.  The more actively traded March contract opened at $2 ... Read More

Oil futures ended mixed on Tuesday

January 27, 2021
Recap: Oil futures ended mixed on Tuesday, with WTI coming under pressure, while Brent held on to gains, as supply concerns, as well as demand dominated market activity. Traders are hoping that President Biden will get his stimulus plan approved soon, which provided some support ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.602 on Monday, January 25th

January 26, 2021
Monday, January 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.547, ten cents above Friday’s closing price of $2.446.  Ascending to an intraday high of $2.583 within minutes of the opening bell, the contract traded within a tight band near $2.555 throughou ... Read More

Oil futures traded higher on Monday

January 26, 2021
Recap: Oil futures traded higher on Monday, buoyed by optimism over a U.S. stimulation package and supply concerns after it was reported that OPEC and its allies were within 85% compliance with the agreed upon output cuts. Adding to the higher move was the seizure of an Iranian f ... Read More
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