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.

The oil market sold off sharply on Monday

February 25, 2020
Recap: The oil market sold off sharply on Monday as the spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude.  The market traded in tandem with the global equities as worries about the impact of the virus increased, w ... Read More
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Oil prices fell on Friday after crude demand see impact of coronavirus outbreak

February 24, 2020
Recap:  Oil prices slid more than 2% on Friday as investors fretted about crude demand being pinched by the economic impact of the coronavirus outbreak, while leading producers appeared to be in no rush to curb output. Despite Thursday’s friendly U.S. Energy Information Administr ... Read More
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Oil prices were supported by a smaller than expected build in U.S. crude oil inventories

February 21, 2020
Recap: Oil prices bounced on Thursday, supported by a smaller than expected build in U.S. crude oil inventories. Prices had been climbing ahead of the supply data, partly on the back of expectations that efforts by China to stimulate the economy will blunt the hit to crude demand ... Read More
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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 ... Read More
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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 ... Read More
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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 ... Read More
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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 ... Read More
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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 ... Read More
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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 ... Read More
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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 ... Read More
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