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 U.S. energy firms added the most oil and natural gas rigs in a week since January

December 14, 2020
Recap: Oil futures ended lower on Friday, but gained for the fifth straight week, as traders remain hopeful over the progress on the vaccines for the COVID-19 virus. Signs of strong demand out of Asia and other areas also gave strength to the market. Underlying fundamentals are m ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.591 on Friday, December 11th

December 14, 2020
Friday, December 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.599, five cents above Thursday’s closing price $2.553.  Trading within three cents of $2.595 for the duration of the session, prices rose to an intraday high of $2.630 at midday and fell to an ... Read More

January NYMEX Natural Gas Futures Contract Closed at $2.553 on Thursday, December 10th

December 11, 2020
Thursday, December 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.450, a penny above Wednesday’s closing price $2.442.  Trading along $2.475 through 10:00AM following an early jump, thanks to slightly cooler forecasts, prices surged as high as $2.587 as th ... Read More

WTI traded above $47 a barrel and Brent broke above $50 a barrel on Tuesday

December 11, 2020
Recap: After failing to find downside momentum off of yesterday’s EIA report, oil futures quickly rebounded, with WTI trading above $47 a barrel and Brent breaking above $50 a barrel on Tuesday. This is a significant development in the oil markets, as traders shook off yesterday’ ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.442 on Wednesday, December 9th

December 10, 2020
Wednesday, December 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.501, ten cents above Tuesday’s closing price $2.399.  Recording an intraday high of $2.508 at 9:20AM, prices trended lower throughout the day as market fundamentals remain stagnant.  Falling ... Read More

There was a 15 million barrel increase in U.S. crude oil inventories

December 10, 2020
Recap: Oil futures posted modest losses on Wednesday despite the more than 15 million barrel increase in U.S. crude oil inventories. The modest reaction to the huge stockpile build has been attributed to the sharp rise in crude oil imports, which increased by 2.7 million barrels ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.399 on Tuesday, December 8th

December 9, 2020
Tuesday, December 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.434, three cents above Monday’s closing price $2.406.  Trading within three cents of $2.435 through the morning hours, prices rose to an intraday high of $2.458 at midday.  The contract then t ... Read More

U.S. inventory numbers are expected to show a decline in crude oil stockpiles and a build in refined products

December 9, 2020
Recap: Oil futures mostly lower on Tuesday, as the number of rising COVID-19 cases overshadowed optimism tied to a number of vaccines, which are already being administered in the UK. Despite the recent rise in oil prices, the spread of the virus has led to renewed lockdowns, caus ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.406 on Monday, December 7th

December 8, 2020
Monday, December 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.417, sixteen cents below Friday’s closing price of $2.575.  Down 17% from last Monday’s opening, persistent and extended forecasts for above average temperatures have diminished hopes for a str ... Read More

Oil futures pulled back from a nine month high on Monday

December 8, 2020
Recap: Oil futures pulled back from a nine month high on Monday, as the number of coronavirus cases continue to surge and as tensions between China and the U.S. intensifies. Demand for oil remains well below seasonal norms, as COVID-19 continues to force lockdowns across the glob ... Read More
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