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 news report said OPEC and its allies were rethinking plans to continue with modest output increases

November 23, 2021
Recap: Oil futures erased early losses on Monday after a news report said OPEC and its allies were rethinking plans to continue with modest output increases. The potential move was seen as a reaction to an effort by the Biden administration to persuade oil-consuming countries to ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $4.789 on Monday, November 22nd

November 23, 2021
Monday, November 22nd – saw the front-month NYMEX Natural Gas Futures Contract open at $4.780, nearly twenty-nine cents below Friday’s closing price of $5.065. Slipping to an eleven-week intraday low of $4.648 by 9:20AM, forecasts turned bearish over the weekend for the first wee ... Read More

December NYMEX Natural Gas Futures Contract Closed at $5.065 on Friday, November 19th

November 22, 2021
Friday, November 19th – saw the front-month NYMEX Natural Gas Futures Contract open at $4.965, six cents above Thursday’s closing price of $4.902. Fluctuating along the $4.950 mark through 11:00AM, prices then slipped to an intraday low of $4.885 twenty minutes later. As the late ... Read More

The rising cases of COVID-19 in Europe and lockdowns in Austria pushed oil prices to their lowest level in 7 weeks.

November 22, 2021
Recap: The rising cases of COVID-19 in Europe and fresh lockdowns in Austria pushed oil prices to their lowest level in 7 weeks. Market sentiment has turned bearish as traders were reminded that the spread in the number of reported cases of COVID-19 can have a negative effect on ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $4.902 on Thursday, November 18th

November 19, 2021
Thursday, November 18th saw the front-month NYMEX Natural Gas Futures Contract open at $4.971, sixteen cents above Wednesday’s closing price of $4.816. Climbing to an intraday high of $5.032 at 9:30AM, the contract was trading near $4.965 ahead of the weekly storage publication. ... Read More

Oil futures settled higher on Thursday after falling to a six-week low in overnight trading

November 19, 2021
Recap: Oil futures settled higher on Thursday after falling to a six-week low in overnight trading following reports that China is releasing oil from its strategic reserves. December WTI added 65 cents, or 0.5%, to settle at $79.01 a barrel, while January Brent tacked on 96 cents ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $4.816 on Wednesday, November 17th

November 18, 2021
Wednesday, November 17th saw the front-month NYMEX Natural Gas Futures Contract open at $4.976, twenty cents below Tuesday’s closing price of $5.177. Following a bearish shift in short-term weather forecasts overnight, the contract tallied an intraday high of $5.015 at 11:30AM be ... Read More

The IEA and OPEC warned of an impending oversupply in the market

November 18, 2021
Recap: On Wednesday, the oil market remained on the defensive after the IEA and OPEC on Tuesday warned of an impending oversupply in the market. The market traded to $80.69 in overnight trading as a larger than expected draw in gasoline stocks seen in last night’s API report prov ... Read More
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December NYMEX Natural Gas Futures Contract Closed at $5.177 on Tuesday, November 16th

November 17, 2021
Tuesday, November 16th saw the front-month NYMEX Natural Gas Futures Contract open at $5.196, eighteen cents above Monday’s closing price of $5.017. Following expectations for increased heating demand in the coming weeks and rising concerns of Russia being able to provide ample s ... Read More

The IEA said that market tightness is starting to ease as production recovers in the U.S. and elsewhere

November 17, 2021
Recap: Oil futures reversed early gains on Tuesday after the Federal Reserve Bank of St. Louis said the central bank should speed up its reduction of monetary stimulus in response to a surge in U.S. inflation and after the IEA said that market tightness is starting to ease as pro ... Read More
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