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Stay current on the latest announcements and news from Sprague - including press releases, product spec sheets, and case studies.
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Market Insights
Heating Oil
Gasoline
Crude
Oil prices rose more than 2% on Wednesday
February 20, 2020
Recap: Oil prices rose more than 2% on Wednesday as demand worries eased with a slowing of new coronavirus cases in China and supply curtailed by a U.S. move to cut more Venezuelan crude from the market and after the U.S. imposed sanctions on an arm of Russian oil giant Rosneft a ...
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Heating Oil
Gasoline
Crude
Trading in oil prices was erratic on Tuesday
February 19, 2020
Recap: Trading in oil prices was erratic on Tuesday, with price gapping higher on the opening, followed by a selloff fueled by rising concern over the impact on crude demand from the coronavirus outbreak in China, and from the continued stalling from Russia, which has been avoidi ...
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Heating Oil
Gasoline
Crude
Oil prices rose for the fourth consecutive session
February 18, 2020
Recap: Oil prices rose for the fourth consecutive session and posted their first weekly gain since early January, as a report of oil purchases by Chinese refiners helped to ease worries about a slowdown in oil demand from the spread of the coronavirus. March WTI rose to a high of ...
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Heating Oil
Gasoline
Crude
The effect of the coronavirus has had a strong impact on crude oil prices
February 14, 2020
Recap: Oil prices continued to climb on Thursday, as panic over the coronavirus subsides. Approximately 60 million Chinese citizens have been under lock down since news of the virus broke, crippling China’s economy, as workers are forced to stay home. The effect of the coronaviru ...
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Heating Oil
Gasoline
Crude
Oil futures climbed on Wednesday
February 13, 2020
Recap: Oil futures climbed on Wednesday, finding support as a slowdown in the number of new, confirmed cases of coronavirus in China may translate into a smaller-than-feared hit to crude demand. Prices pared some of their earlier gains, however, after U.S. government showed a thi ...
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Heating Oil
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Crude
Uncertainty as to whether or not OPEC and its allies will make additional output cuts kept gains contained
February 12, 2020
Recap: Oil prices rebounded on Tuesday, with March WTI briefly recapturing the $50.00 level, as the number of newly reported cases of the coronavirus seemed to slow. However, the unknown impact that this virus will have on demand, coupled with uncertainty as to whether or not OPE ...
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Heating Oil
Gasoline
Crude
Oil has dropped over 25% from a peak in January
February 11, 2020
Recap: Oil prices continued their downward spiral on Monday as the spread of the coronavirus took yet another bite out of demand amid indications OPEC and its allies are unlikely to take immediate steps to further curtail output. Oil has dropped over 25% from a peak in January af ...
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Heating Oil
Gasoline
Crude
Oil prices fell on Friday, marking the fifth straight week of declines
February 10, 2020
Recap: Oil prices slipped on Friday, marking the fifth straight week of declines, as the spread of the coronavirus continued to spread fear over a slowdown in demand. Prices were unable to hold on to early gains after Russia’s energy minister said Moscow needed more time to asse ...
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Heating Oil
Gasoline
Crude
OPEC and Russia gave mixed signals in regard to additional output cuts
February 7, 2020
Recap: Trading was mostly mixed on Thursday, with oil prices giving up early gains, as OPEC and Russia gave mixed signals in regard to additional output cuts and as the coronavirus continues to spread. March WTI tacked on as much as $1.45, or 2.8%, to trade at a session high of $ ...
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Heating Oil
Gasoline
Crude
Oil prices were off to their best day of 2020
February 6, 2020
Recap: Oil prices rose Wednesday, reversing course from their steady drop to start the year in a move that some traders attributed to unconfirmed media reports that a Chinese university found a treatment for the fast-spreading coronavirus. Oil prices were off to their best day of ...
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