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.

Futures rose as much as 3.6% after tumbling to a three-week low on Monday

August 11, 2021
Recap: Oil futures rebounded on Tuesday, trading in lockstep formation with higher equity markets, as investors grew more optimistic over global economic growth and after the U.S. Senate passed the long awaited infrastructure package. Futures rose as much as 3.6% after tumbling t ... Read More
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Oil futures fell sharply on Monday

August 10, 2021
Recap: Oil futures fell sharply on Monday, as China took additional steps to limit the spread of the delta variant of COVID-19, underlining fears about global demand for crude oil. U.S. congressional battles over budget and infrastructure, to an alarming report about the warming ... Read More
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Crude oil futures turned lower on Friday

August 9, 2021
Recap: Crude oil futures turned lower on Friday, erasing early gains after a better-than-expected jobs report in the U.S. The rise in the U.S. dollar, along with heightened concern over the spread of COVID-19’s delta variant and its potential impact on demand, has acted as a dete ... Read More
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Tensions in the Mideast, along with a weaker U.S. dollar gave rise to crude oil prices

August 6, 2021
Recap: Tensions in the Mideast, along with a weaker U.S. dollar gave rise to crude oil prices on Thursday but renewed Covid-19 restrictions across the globe worked to keep a lid over this market. Israeli jets struck what its military said were rocket launch sites in Lebanon early ... Read More
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The EIA reported a 3.63 million barrel build in U.S. crude oil inventories

August 5, 2021
Recap: Oil prices declined for the third straight session as the coronavirus spread in China and after the EIA reported a 3.63 million barrel build in U.S. crude oil inventories, the largest gain since March.  After eking out a small advance in July, August is proving to be tough ... Read More
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WTI and Brent both rose around 48% year-to-date

August 4, 2021
Recap: Oil prices seesawed between negative and positive territory in what was a volatile session, as concern over the rising cases of the Delta coronavirus variant weighed on prices while expectations of lower U.S. inventories provided some support. The 2021 oil rally, which has ... Read More
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Oil futures opened higher on Monday

August 3, 2021
Recap: Oil futures opened higher on Monday, but failed above the unchanged level on weak Chinese data and as traders assessed the spread of the Delta variant of the coronavirus that causes COVID-19 and rising output by OPEC+ producers. In China, data released on Saturday by the N ... Read More
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Oil futures rebounded after opening lower on the day

August 2, 2021
Recap: Oil futures rebounded after opening lower on the day, but remained on track to post weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of the Delta variant of COVID-19 infections across the globe. Even with coronavi ... Read More
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Oil futures continue to grow as data showed a decline in U.S. crude oil inventories

July 30, 2021
Recap:  Oil futures resumed their ascent on Thursday, after data released on Wednesday showed U.S. crude oil inventories falling by 4.1 million barrels for the week ended July 23, marking the ninth weekly decline in 10 weeks. Brent pushed above $76 a barrel, while WTI climbed tow ... Read More
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The EIA reported a 4.1 million barrel drop in U.S. crude oil inventories

July 29, 2021
Recap: Oil futures rose on Wednesday, as the focus has shifted from the spread of COVID-19 to tight supplies after the EIA reported a 4.1 million barrel drop in U.S. crude oil inventories. Oil has risen 45% this year, helped by demand recovery and supply curbs by the Organization ... Read More
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