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.

Both WTI and Brent futures on Thursday marked their highest settlements since March 6

July 6, 2020
Recap: Oil futures settled higher on Thursday, supported by the robust decline in last week’s U.S. crude oil inventories and a fall in U.S. unemployment during the month of June, but the spike in the number of confirmed Covid-19 cases fanned concerns that economic activity will w ... Read More
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The oil market kicked off the start of the month and quarter by posting an up day across the board

July 2, 2020
Recap: The oil market kicked off the start of the month and quarter by posting an up day across the board. But what was surprising was this market established the trading range for the day in the early morning hours of trading, well before the release of the EIA weekly petroleum ... Read More
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The oil market finished the final trading day of the second quarter mixed

July 1, 2020
Recap: The oil market finished the final trading day of the second quarter mixed. Crude oil which had moved higher throughout the morning on the coat tails of a stronger equity market, decoupled in the afternoon and finished the day down 43 cents in WTI futures, with the Brent co ... Read More
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Oil prices were supported by upbeat economic data out of China and Europe

June 30, 2020
Recap: Oil prices rose on Monday, supported by upbeat economic data out of China and Europe and signs of further slowdowns in oil production. U.S. stock indexes, which broadly rose on Monday, also added support for oil prices, which at times, track equity markets. Fears of a seco ... Read More
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The increasing number of coronavirus cases looked to hinder an economic recovery and hamper energy demand

June 29, 2020
Recap: Oil futures dipped on Friday, erasing earlier gains, as the increasing number of coronavirus cases looked to hinder an economic recovery and hamper energy demand. Earlier gains, supported by optimism over rising road traffic boosting fuel demand, were erased in early U.S. ... Read More
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Oil futures climbed by almost 2% on Thursday

June 26, 2020
Recap: Oil futures climbed by almost 2% on Thursday, following two days of declines. Slight economic improvements in the U.S; cuts Russian oil exports and word from the White House Economic Advisor that the U.S. would not shut the economy down gave the market a boost, but the spr ... Read More
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Oil prices lost more than 5% on Wednesday

June 25, 2020
Recap: Oil prices lost more than 5% on Wednesday as evidence of rising coronavirus cases in many countries raised questions about efforts to restart global economies and U.S. government data reveal a third straight weekly climb in domestic crude inventories. The International Mon ... Read More
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Demand fears overshadowed any supportive news to push prices lower

June 24, 2020
Recap: Oil futures gave up early gains to finish lower on Tuesday, as conflicting government statements on the status of U.S.-China trade deal and a rise in Covid-19 cases feeding uncertainty over the outlook for energy demand. Prices rose a day after Trump wrote in a tweet late ... Read More
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Prices received a boost from plummeting U.S. and Canadian oil rig counts

June 23, 2020
Recap: Oil futures finished higher on Monday, on tighter supplies from major producers as traders weighed the prospects for energy demand amid rising cases of Covid-19. Prices also received a boost from plummeting U.S. and Canadian oil rig counts, an indicator of future supply, a ... Read More
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Signs of improvement in the global economy brightened the outlook for energy demand

June 22, 2020
Recap: Oil futures ended higher on Friday, with U.S. prices up nearly 10% for the week as OPEC members and allies tightened the reins on output cuts and some signs of improvement in the global economy brightened the outlook for energy demand. The OPEC+ decision boosted trader con ... Read More
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