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.

U.S. prices fell as much as 23% after rising 10% earlier in the session

March 23, 2020
Recap: Oil prices slipped on Friday, with U.S. prices falling as much as 23% after rising 10% earlier in the session as economic stimulus plans failed to offset expectation for a steep fall in demand due to the coronavirus pandemic and the ongoing price war between Saudi Arabia a ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $1.654 on Thursday, March 19th

March 20, 2020
Thursday, March 19th saw the front-month NYMEX Natural Gas Futures Contract open at $1.627, two cents above Wednesday’s closing price of $1.604.  Falling to an intraday low of $1.614 by 9:30AM, prices rose to trade along $1.630 ahead of the weekly storage publication.  Seeking di ... Read More

U.S. prices scored their largest one-day percentage climb on record

March 20, 2020
Recap: Oil prices bounced off their lowest levels in 20 years on Thursday, with U.S. prices scoring their largest one-day percentage climb on record, signals from Russia that it would like to see higher prices, and rhetoric from the Trump administration that it may intervene in t ... Read More
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April NYMEX Natural Gas Futures Contract Closed at 1.604 on Wednesday, March 18th

March 19, 2020
Wednesday, March 18th saw the front-month NYMEX Natural Gas Futures Contract open at $1.620, eleven cents below Tuesday’s closing price of $1.729.  Attempting to reclaim overnight losses early on, prices rose to an intraday high of $1.665 by 10:10AM.  Exhausting its momentum, sel ... Read More

U.S. crude futures hit an 18-year low

March 19, 2020
Recap: Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic and as the price war between Saudi Arabia and Russia wreak havoc on global fuel demand. April WTI fell $6.58, ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $1.729 on Tuesday, March 18th

March 18, 2020
Tuesday, March 17th saw the front-month NYMEX Natural Gas Futures Contract open at $1.788, three cents below Monday’s closing price of $1.815.  Climbing to an intraday high of $1.820 within minutes of the opening bell, prices then tumbled lower to reach $1.768 by 10:30AM.  Mounti ... Read More

Oil prices fell to their lowest in four years

March 18, 2020
Recap: Recession fears pressured oil prices on Thursday, pushing them to their lowest level in four years, as the coronavirus pandemic slowed economic growth and oil demand while Saudi Arabia and Russia kept up their battle for market share. After gaining more than 5% in overnigh ... Read More
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April NYMEX Natural Gas Futures Contracts Closed at $1.815 on Monday, March 16th

March 17, 2020
Monday, March 16th saw the front-month NYMEX Natural Gas Futures Contract open at $1.809, six cents below Friday’s closing price of $1.869.  This followed a weekend decline that was likely impacted by fears of lower demand due to schools and businesses shutting down amid coronavi ... Read More

Oil prices picked up tailwinds on Monday

March 17, 2020
Recap: Oil prices picked up tailwinds on Monday, following equities lower after an emergency Federal Reserve interest rate cut did little to quell the panic among investors caused by the rapidly spreading coronavirus. Adding additional pressure is the fact that Saudi Arabia and R ... Read More
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Oil prices posted biggest weekly drop since 2008 after coronavirus outbreak has hit world economy

March 16, 2020
Recap: Oil prices posted their biggest weekly drop since the 2008 global financial crisis after the coronavirus outbreak rocked the world economy while top exporter Saudi Arabia and its allies stepped up plans to flood the market with record levels of supply. Dropping demand and ... Read More
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