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 U.S. said it would suspend imposing a 10% tariff on certain Chinese imports

August 14, 2019
Recap: Oil prices rose by almost 5%, giving up early losses on Tuesday after the U.S. said it would suspend imposing a 10% tariff on certain Chinese imports, easing concerns over a global trade war. September WTI was up $2.49 or 4.3% to $57.42 a barrel by 11:52 a.m. EST, while Oc ... Read More
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Saudi Arabia and Kuwait hinted at the possibility of additional output cuts

August 13, 2019
Recap: Oil prices erased early losses on Monday as Saudi Arabia and Kuwait hinted at the possibility of additional output cuts. This pushed fears of a global economic slowdown backstage to lift prices off of their session lows. After falling 96 cents, or 1.7%, September WTI jumpe ... Read More
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Oil prices were supported by a drop in European inventories

August 12, 2019
Recap: Oil prices continued to rebound on Friday, supported by a drop in European inventories and expectations OPEC would increase output cuts despite the IEA reporting demand growth at its lowest since the financial crisis of 2008. October Brent gained $1.72, or 3%, to trade at ... Read More
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Fuel distributors in the US Northeast are preparing for an uncertain heating oil season this winter

August 9, 2019
Recap: Oil jumped more than 3% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions. Reports that Saudi Arabia reached out to othe ... Read More
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Oil prices fell to fresh 7-month lows on Wednesday

August 8, 2019
Recap: Oil prices fell more than 5% on Wednesday to fresh 7-month lows following an unexpected expansion in U.S. crude oil inventories and on heightened trade tensions between the U.S. and China. September WTI fell $3.11, or 5.7%, to a session low of $50.52 by 12:04 p.m. EST, whi ... Read More
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Traders weighed in on the effect trade tensions between the U.S. and China could have on demand for oil

August 7, 2019
Recap: Crude oil prices turned lower on Tuesday, giving up early gains after the stock market pared its recovery and, as traders weighed in on the effect trade tensions between the U.S. and China could have on demand for oil. Trading was choppy as prices moved lower. After tra ... Read More
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The trade war between the U.S. and China pushed oil prices lower on Monday

August 6, 2019
Recap: The ongoing trade war between the U.S. and China dominated market activity, pushing oil prices lower on Monday. Brent crude oil was hit the hardest, with the October contract falling as much as $2.23, or 3.5%, to a session low of $59.66, the lowest level for a spot futures ... Read More
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Oil prices bounced on Friday, just one day after falling more than 7%

August 5, 2019
Recap: Oil prices bounced on Friday, just one day after falling more than 7%. September WTI was up $2.10, or 3.8%, to $56.05 a barrel by 9:24 a.m. EDT, while October Brent gained $2.43, or 4%, to trade at $62.93 a barrel. The market continues to mull over U.S. President Donald Tr ... Read More
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Oil prices fell dramatically on Thursday

August 2, 2019
Recap: Oil prices fell dramatically on Thursday after U.S. President Donald Trump threatened new tariffs on Chinese imports starting September 1. Prices, which were already experiencing their first loss in six days, fell by as much as 8.5% ahead of the day’s settlement period. Se ... Read More
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The EIA reported that U.S. crude oil inventories fell 8.5 million barrels

August 1, 2019
Recap: Oil prices rose for the fifth straight session, gaining support from the larger than expected inventory draw in U.S. crude oil stockpiles. According to the EIA, U.S. crude oil inventories fell 8.5 million barrels in the week ended July 26. Analysts expected a decrease of 2 ... Read More
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