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.

A better than expected U.S. jobs report and a stronger dollar were not enough to hold up prices

August 10, 2020
Recap: Oil futures traded lower on Friday as tensions between the U.S. and China heated after President Trump imposed a ban on dealings with the owners of TikTok and WeChat, amid rising cases of the coronavirus. A better than expected U.S. jobs report and a stronger dollar were n ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.238 on Friday August 7th

August 10, 2020
Friday, August 7th saw the front-month NYMEX Natural Gas Futures Contract open at $2.191, three cents above Thursday’s closing price of $2.165.  Seeking direction early on as the contract traded within three cents of $2.210 for most of the morning, prices fell to an intraday low ... Read More

Oil prices were mixed for most of the session on Thursday

August 7, 2020
Recap: Oil prices were mixed for most of the session on Thursday, but managed to hover near five-month highs, gaining support from a weak dollar, and Iraq’s planned production cuts, as traders weighed in on a surprising fall in U.S. weekly first-time jobless claims. Trading was c ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.165 on Thursday, August 6th

August 7, 2020
Thursday, August 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.243, five cents above Wednesday’s closing price of $2.191.  Achieving an intraday high of $2.284 by 9:20AM, the contract withdrew over the following hour to reach $2.240.  Falling to $2.210 as ... Read More

September NYMEX Natural Gas Futures Contract Closed at $2.191 on Wednesday, August 5th

August 6, 2020
Wednesday, August 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.199, just above Tuesday’s closing price of $2.193.  Continuing the ongoing rally to reach an intraday high of $2.255 by 10:30AM, the contract then pulled back for the balance of the session as ... Read More

The EIA reported a 7.4 million barrel draw in U.S. crude oil inventories

August 6, 2020
Recap: Oil futures jumped to their highest level in five months after the EIA reported a 7.4 million barrel draw in U.S. crude oil inventories and as the dollar weakened against a basket of currencies. September WTI gained as much as 4.3%, rising to a session high of $43.52 after ... Read More
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Oil prices closed at their highest level since March

August 5, 2020
Recap: Oil prices moved higher on Tuesday, to close at their highest level since March, as traders awaited data on U.S. crude oil inventories and on hopes U.S. government officials are moving closer to reaching a new economic stimulus package. September WTI bounced from a low of ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.193 on Tuesday, August 4th

August 5, 2020
Tuesday, August 4th saw the front-month NYMEX Natural Gas Futures Contract open at $2.073, three cents below Monday’s closing price of $2.101.  Climbing from an intraday low of $2.066, the current rally is underpinned by weather forecasts calling for extended heat in August.  Add ... Read More

Concern over the spread of COVID-19 and rising output from within OPEC limited gains

August 4, 2020
Recap: Oil prices rose on Monday on upbeat economic news out of the U.S; Europe and Asia however, concern over the spread of COVID-19 and rising output from within OPEC limited gains. Oil prices erased early losses after the Institute for Supply Management showed a jump in its ma ... Read More
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September NYMEX Natural Gas Futures Contract Closed at $2.101 on Monday, August 3rd

August 4, 2020
Monday, August 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.928, thirteen cents above Friday’s closing price of $1.799.  Surging upward from the intraday low as markets opened, an updated bullish weather forecast directed prices upward.  Surpassing $2.020 ... Read More
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