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 Futures Rose on Tuesday, Climbing to Their Highest Level Since 2014

January 19, 2022
Recap: Oil futures rose on Tuesday, climbing to their highest level since 2014 as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Both Brent and WTI rose to their highest level since October 2014, with Brent hitting a session ... Read More
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Oil Futures Rose on Friday, Gaining Support from Tightening Supplies

January 17, 2022
Recap: Oil futures rose on Friday, gaining support from tightening supplies and worries of a Russian attack on neighboring Ukraine, pushing prices to their fourth weekly gain despite sources saying China is set to release crude reserves around the Lunar New Year. A weaker U.S. do ... Read More
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Oil Futures Ended Lower on Thursday, Putting a Break on the Rise in Prices

January 14, 2022
Recap: Oil futures ended lower on Thursday, putting a break on the rise in prices that began at the unset of the new year. Prices were on the rise as investors placed bets that demand would not be hindered by the spread of the Omicron variant of coronavirus while economic growth ... Read More
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Oil Futures Rose to a Two-Month High on Wednesday

January 13, 2022
Recap: Oil futures rose to a two-month high on Wednesday on tight supplies, as U.S. crude oil inventories fell to their lowest level since 2018, a weaker dollar and easing concerns about the Omicron coronavirus variant. The 4.6 million barrel draw in crude oil stockpiles, a much ... Read More
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Oil futures rose as much as 4% on Tuesday

January 12, 2022
Recap: Oil futures rose as much as 4% on Tuesday, with WTI topping $81 a barrel, and Brent topping $83 a barrel. Prices were supported by tight supplies, testimony by U.S. Federal Reserve Chair Jerome Powell, and growing expectations that the omicron variant of coronavirus would ... Read More
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Oil prices settled lower on Monday for a second session in a row

January 11, 2022
Recap: Oil prices settled lower on Monday for a second session in a row. Traders weighed support from global oil supply risks tied to protests in Kazakhstan and tensions between Russia and Ukraine, as well as concerns over a slowdown in energy demand due to the spread of the omic ... Read More
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Oil futures scored a weekly gain of almost 5% on Friday

January 10, 2022
Recap: Oil futures scored a weekly gain of almost 5% on Friday, marking their third straight week of gains. Traders continue to monitor the unrest in Kazakhstan that threatens to add to supply outages that have helped boost crude prices. The situation in Kazakhstan is troubling, ... Read More
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Both Brent and WTI traded at their highest level since the end of November

January 7, 2022
Recap: Oil futures extended their gains, as tensions in OPEC+ producer Kazakhstan escalated and as supplies in Libya became limited due to outages. A deep freeze in Canada and the northern U.S. is disrupting oil flows and helped to push WTI above $80 before paring some gains. Bot ... Read More
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Oil futures jumped as EIA reported drop in U.S. crude oil inventories

January 6, 2022
Recap: Oil futures jumped for the third straight session after the Energy Information Administration reported a 2.1 million barrel drop in U.S. crude oil inventories, marking the sixth straight weekly decline. Oil prices rose despite hefty builds in crude oil inventories held at ... Read More
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OPEC+ agreed to revive more halted production as the outlook for global oil markets improved

January 5, 2022
Recap: Oil futures extended gains made on the first trading day of the year, as OPEC+ agreed to revive more halted production as the outlook for global oil markets improved, with demand largely withstanding the omicron variant of coronavirus. Global fuel consumption has been on t ... Read More
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