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 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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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 ... Read More
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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 $ ... Read More
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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 ... Read More
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OPEC and its allies considered deeper production cuts

February 5, 2020
Recap: Oil futures gave up earlier gains to finish with a loss on Tuesday, with U.S. prices below $50 a barrel for the first time in more than a year, as demand worries continue to plague the market. Prices fell even as the Organization of the Petroleum Exporting Countries and it ... Read More
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Oil prices fell to the lowest in more than a year on Monday

February 4, 2020
Recap: Oil prices fell to the lowest in more than a year on Monday, dragged down by concern over demand in China after the coronavirus outbreak, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support. March WTI settled at $50.11 a bar ... Read More
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The EIA reported that U.S crude oil inventories rose by 3.5 million barrels

February 3, 2020
Recap: After spiking in January in response to the U.S. drone attack that killed Iran’s top military agent, oil prices slid a painful 15%, the biggest January slide since 1991, as the coronavirus, which originated in China, spreads global fears of a slowdown in economic growth. A ... Read More
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Oil prices fell 3% on Thursday to a fresh three month low

January 31, 2020
Recap: Oil prices fell 3% on Thursday to a fresh three month low on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting. Both WTI and Brent are down approximat ... Read More
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