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.

Oil prices jumped by more than 7% on Tuesday

March 11, 2020
Recap: Oil prices jumped by more than 7% on Tuesday, recovering from the biggest rout in nearly 30 years a day earlier, as the possibility of economic stimulus encouraged buying, and Russia signaled that it may yet hold talks with OPEC about cooperation on output cuts. The reboun ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $1.778 on Monday, March 9th

March 10, 2020
Monday, March 9th saw the front-month NYMEX Natural Gas Futures Contract open at $1.653, five cents below Friday’s closing price of $1.708.  Opening at a fresh multi-year intraday low, prices moved dramatically higher to reach $1.746 by 9:20AM as markets expect a reduction to nat ... Read More

Oil futures plunged to a four-year low Monday

March 10, 2020
Recap: Oil futures plunged to a four-year low Monday, suffering their biggest one-day drop since the Gulf War in 1991 as OPEC and Russia appear headed for an all-out price war — shaking a market already reeling from the demand shock created by global spread of COVID-19. After gap ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $1.708 on Friday, March 6th

March 9, 2020
Friday, March 6th saw the front-month NYMEX Natural Gas Futures Contract open at $1.745, three cents below Thursday’s closing price of $1.772.  Extending to an intraday high of $1.761 within minutes of the opening bell, prices continued the recent downward trend from Thursday mor ... Read More

Oil prices fell more than 8% on Friday

March 9, 2020
Recap: Oil prices fell more than 8% on Friday, to their lowest level in 3 years, on reports that Russia refused to support OPEC’s plan to further reduce output. Russia has so far refused to support the move, arguing it was too early to predict the impact of the coronavirus outbre ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $1.772 on Thursday, March 5th

March 6, 2020
Thursday, March 5th saw the front-month NYMEX Natural Gas Futures Contract open at $1.816, a penny below Wednesday’s closing price of $1.827.  Ascending to an intraday high of $1.823 by 9:30AM, prices fell nearly three cents before stabilizing near $1.185 at 10:30AM.  Crossing mi ... Read More

April NYMEX Natural Gas Futures Contract Closed at $1.827 on Wednesday, March 4th

March 5, 2020
Wednesday, March 4th saw the front-month NYMEX Natural Gas Futures Contract open at $1.802, nearly even to Tuesday’s closing price of $1.800.  Recording an intraday low of $1.799 minutes after the opening bell, prices rose to an intraday high of $1.845 by 9:30AM.  Posting a stead ... Read More

Saudi Arabia and other OPEC producers were seeking to persuade Russia to join them in an additional oil output cut

March 5, 2020
Recap: The oil market posted an inside trading day on Wednesday after failing to breach Tuesday’s trading range.  The market traded higher early in the session as Saudi Arabia and other OPEC producers were seeking to persuade Russia to join them in an additional oil output cut.  ... Read More
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April NYMEX Natural Gas Futures Contract Closed at $1.800 on Tuesday, March 3rd

March 4, 2020
Tuesday, March 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.797, four cents above Monday’s closing price of $1.756.  In a volatile day of trading, prices fell to an intraday low of $1.768 at 9:10AM and surpassed $1.830 within the following hour.  Despite ... Read More

Oil futures bounced on Tuesday

March 4, 2020
Recap: Oil futures bounced on Tuesday, marking the second straight day of gains after the U.S. Federal Reserve cut interest rates and as traders await the March 5-6 OPEC meeting, where the cartel and its allies are expected  to agree on additional production cuts. April WTI jumpe ... Read More
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