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.

The International Energy Agency forecast a record rise in demand for crude and its byproducts next year

June 17, 2020
Recap: Oil futures finished with a more than 3% gain on Tuesday as a monthly report from the International Energy Agency forecast a record rise in demand for crude and its byproducts next year, but only after first dropping significantly in the current year. The International Ene ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $1.669 on Monday, June 15th

June 16, 2020
Monday, June 15th saw the front-month NYMEX Natural Gas Futures Contract open at $1.725, just below Friday’s closing price of $1.731.  Ascending to an intraday high of $1.738 minutes after the opening bell, prices soon swooped lower as markets reacted to news of an increase in ac ... Read More

Oil futures gave up earlier losses to settle higher Monday

June 16, 2020
Recap: Oil futures gave up earlier losses to settle higher Monday, buoyed by declines in global crude production even as the potential for a fresh hit to energy demand climbed on the back of apparent global increases in new cases of coronavirus. In early trading, July WTI traded ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $1.731 on Friday, June 12th

June 15, 2020
Friday, June 12th saw the front-month NYMEX Natural Gas Futures Contract open at $1.791, two cents below Thursday’s closing price of $1.813.  Rising modestly to an intraday high of $1.805, prices arced gradually lower to cross midday near $1.780.  Slipping to an intraday low of $ ... Read More

U.S. crude oil inventories have risen to a record 538.1 million barrels

June 15, 2020
Recap: A resurgence of COVID-19 cases combined with concerns over the glum global economic outlook to push oil prices lower on Friday. July WTI fell over 8% on the week, the first weekly fall since April. Fears that the coronavirus pandemic may be far from over has brought the ra ... Read More
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Crude oil prices fell more than 8% on Thursday

June 12, 2020
Recap: Crude oil prices fell more than 8% on Thursday, posting the biggest one-day loss in six weeks, as U.S. crude oil inventories increased, the number of coronavirus cases grew and a gloomy economic outlook by the Federal Reserve, combined to crush hopes of an economic recover ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $1.813 on Thursday, June 11th

June 12, 2020
Thursday, June 11th saw the front-month NYMEX Natural Gas Futures Contract open at $1.781, nearly even to Wednesday’s closing price of $1.780.  Ascending from an intraday low of $1.776 within minutes of the opening bell, prices rose to trade along $1.815 leading up to the 10:30AM ... Read More

The EIA reported an increase of 5.7 million barrels in last week’s inventory report

June 11, 2020
Recap: Oil futures climbed for the second straight session, despite U.S. crude oil stockpiles rising to record levels. Prices had spent part of the session trading to the downside after the EIA reported an increase of 5.7 million barrels in last week’s inventory report, but the d ... Read More
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July NYMEX Natural Gas Futures Contract Closed at $1.767 on Tuesday, June 9th

June 10, 2020
Tuesday, June 9th saw the front-month NYMEX Natural Gas Futures Contract open at $1.779, a penny below Monday’s closing price of $1.789.  In an uneventful day of trading, prices rose to an intraday high of $1.789 by 10:20AM and fell to an intraday low of $1.756 two hours later.  ... Read More

The Bureau of Safety and Environmental Enforcement reported that 31% of U.S. Gulf of Mexico oil production remained offline

June 10, 2020
Recap: Crude oil futures gave early losses on Tuesday to close higher on the day, on increased expectations for a rebound in energy demand. Prices spent most of the session trading to the downside, pressured by concerns above compliance with the newly-extended agreement by OPEC+ ... Read More
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