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 retreated from 10-month highs

January 12, 2021
Recap: Oil futures retreated from 10-month highs, as the U.S. dollar posted slight gains, amid rising concern over the number of new coronavirus cases in China. However, oil prices managed to squeeze out slight gains. WTI outperformed Brent, as other members within OPEC followed ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.700 on Friday, January 8th

January 11, 2021
Friday, January 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.659, seven cents below Thursday’s closing price of $2.729.  Slipping to an intraday low of $2.644 ahead of 10:00AM, prices then jumped to $2.710 an hour later.  Ascending to an intraday high of ... Read More

Oil futures rose to their highest level in almost a year

January 11, 2021
Recap: Oil futures rose on Friday, to their highest level in almost a year and gaining almost 8% on the week in a large part due to Saudi Arabia’s decision to unilaterally cut crude oil output. It is hoped that the move by Saudi Arabia will tighten the supply/demand ratio, as COV ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.729 on Thursday, January 7th

January 8, 2021
Thursday, January 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.693, two cents below Wednesday’s closing price of $2.716.  Tallying an intraday low of $2.687 within minutes of the opening bell, prices traded along $2.715 until jumping to an intraday high o ... Read More

February NYMEX Natural Gas Futures Contract Closed at $2.716 on Wednesday, January 6th

January 7, 2021
Wednesday, January 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.671, three cents below Tuesday’s closing price of $2.702.  Falling to an intraday low of $2.661 by 9:15AM, the contract posted a steady ascent throughout the morning to reach a two-week intra ... Read More

Oil futures rose to their highest level in 10-months

January 7, 2021
Recap: Oil futures rose to their highest level in 10-months, after Saudi Arabia announced that it would voluntarily cut output, and as U.S. crude oil inventories fell for the fourth straight week. The Saudi Oil Minister said that his country would cut output by an additional 1 mi ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.702 on Tuesday, January 5th

January 6, 2021
Tuesday, January 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.682, ten cents above Monday’s closing price of $2.581.  Following overnight gains, as the possibility for coolers temperatures entered the forecast, the contract traded along either side of $2. ... Read More

OPEC and its allies agreed to roll over current production cuts into February

January 6, 2021
Recap: Oil futures bounced back on Tuesday, with WTI trading above $50 a barrel for the first time since February, as OPEC and its allies agreed to roll over current production cuts into February, but with Saudi Arabia voluntarily taking a larger reduction. In its December meetin ... Read More
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OPEC+ could not reach an agreement on Monday as to whether or not to increase output in February

January 5, 2021
Recap: After rising to multi-month highs, crude oil prices slipped to finish the first trading day of the year 1% lower on the day after OPEC+ could not reach an agreement on Monday as to whether or not to increase output in February, but agreed to meet again on Tuesday. The S&P ... Read More
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Both Brent and WTI have more than doubled from April’s record lows

January 4, 2021
Recap: The last day of trading for crude oil futures was a choppy one, with both benchmarks posting modest session gains. Thursday’s session culminates what was a chaotic year, as the COVID-19 pandemic wreaked havoc across the globe. Although both Brent and WTI have more than dou ... Read More
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