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.

Fuel demand worldwide slumped about 30% in April

May 1, 2020
Recap: After what was perhaps the most volatile month in the history of oil trading, April culminated in oil prices paring losses, as production cuts among some major producers eased concern over a global supply glut amid shrinking storage. With oversupply woes slowly easing and ... Read More
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June NYMEX Natural Gas Futures Contract Closed at $1.949 on Thursday, April 30th

May 1, 2020
Thursday, April 30th saw the front-month NYMEX Natural Gas Futures Contract open at $1.860, a penny below Wednesday’s closing price of 1.869.  Following a slight dip to an intraday low of $1.859 right out of the gate, the contract then traded along $1.875 until the weekly storage ... Read More

June NYMEX Natural Gas Futures Contract Closed at $1.869 on Wednesday, April 29th

April 30, 2020
On Wednesday, April 29th – the June NYMEX Natural Gas Futures Contract began trading as the prompt month.  Opening at $1.965, two cents above Tuesday’s closing price of $1.948, prices extended to an intraday high of $1.969 within minutes of the opening bell.  Posting a staggered ... Read More

U.S. oil futures surged by more than 20% on Wednesday

April 30, 2020
Recap: U.S. oil futures surged by more than 20% on Wednesday after government data showed a smaller than expected build in U.S. crude stockpiles and a surprise draw in gasoline inventories. Oil prices were also lifted by hopes for a rebound in demand, as some countries begin to e ... Read More
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Oil futures were mixed on Tuesday

April 29, 2020
Recap: Oil futures were mixed on Tuesday, with Brent gaining support as some governments announced the easing of coronavirus related restrictions and WTI falling as U.S. stockpile rise toward record highs amid tightening storage and waning demand. June WTI gave up early gains spa ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.819 on Monday, April 27th

April 28, 2020
Monday, April 27th saw the front-month NYMEX Natural Gas Futures Contract open at $1.618, thirteen cents below Friday’s closing price of $1.746.  Trailing downward to a ten-day intraday low of $1.597 by 9:40AM, markets then reversed direction and rose confidently into the morning ... Read More

U.S. oil futures dropped by almost 25% on Monday

April 28, 2020
Recap: U.S. oil futures plunged by almost 25% on Monday on renewed concern over the dearth in storage facilities available to store the oversupply of crude. June WTI fell to its second lowest settlement on record. Market liquidity is proven to be a problem, with the United States ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.746 on Friday, April 24th

April 27, 2020
Friday, April 24th saw the front-month NYMEX Natural Gas Futures Contract open at $1.776, four cents below Thursday’s closing price of $1.815.  Surging higher early on to reach an intraday high of $1.839 at 9:20AM, markets were quick to retreat and traded along $1.790 by 10:00AM. ... Read More

Oil producers cut the number of rigs in the U.S. and Canada

April 27, 2020
Recap: Oil prices rose on Friday as oil producers cut the number of rigs in the U.S. and Canada. However, both Brent and WTI fell for third straight week as global production shutdowns failed to keep pace with the collapse in demand caused by the coronavirus pandemic. Market part ... Read More
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May NYMEX Natural Gas Futures Contract Closed at $1.815 on Thursday, April 23rd

April 24, 2020
Thursday, April 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.897, four cents below Wednesday’s closing price of $1.939.  Trading along either side of the $1.89 level through 10:30AM, prices this jumped to an intraday high of $1.933 as the weekly storage ... Read More
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