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 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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Crude oil prices edged higher on Thursday

June 19, 2020
Recap: Crude oil prices edged higher on Thursday after major producers at an OPEC+ led meeting of the Joint Ministerial Monitoring Committee emphasized the importance of adherence to pledged production cuts and made moves to ensure that certain countries make up for failing to fu ... Read More
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Investors worry about fuel demand due to fresh outbreaks of COVID-19

June 18, 2020
Recap: Oil prices fell on Wednesday as investors worried about fuel demand due to fresh outbreaks of COVID-19, though prices drew some support after US stocks of diesel fuel fell for the first time in weeks and US oil production dropped sharply. Traders also analyzed a monthly re ... Read More
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The International Energy Agency forecast a record rise in demand for crude and its byproducts next year

June 17, 2020
Recap: Oil futures finished with a more than 3% gain on Tuesday as a monthly report from the International Energy Agency forecast a record rise in demand for crude and its byproducts next year, but only after first dropping significantly in the current year. The International Ene ... Read More
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Oil futures gave up earlier losses to settle higher Monday

June 16, 2020
Recap: Oil futures gave up earlier losses to settle higher Monday, buoyed by declines in global crude production even as the potential for a fresh hit to energy demand climbed on the back of apparent global increases in new cases of coronavirus. In early trading, July WTI traded ... Read More
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U.S. crude oil inventories have risen to a record 538.1 million barrels

June 15, 2020
Recap: A resurgence of COVID-19 cases combined with concerns over the glum global economic outlook to push oil prices lower on Friday. July WTI fell over 8% on the week, the first weekly fall since April. Fears that the coronavirus pandemic may be far from over has brought the ra ... Read More
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Crude oil prices fell more than 8% on Thursday

June 12, 2020
Recap: Crude oil prices fell more than 8% on Thursday, posting the biggest one-day loss in six weeks, as U.S. crude oil inventories increased, the number of coronavirus cases grew and a gloomy economic outlook by the Federal Reserve, combined to crush hopes of an economic recover ... Read More
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