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.

A report showed China’s crude oil throughput rose 2.6% in October

November 17, 2020
Recap: Oil futures traded higher in overnight trading, spurred by a report that showed China’s crude oil throughput rose 2.6% in October from a year earlier to its highest-ever level as fuel demand firmed on strong holiday travel. A second boost came after Moderna announced that ... Read More
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The oil market on Friday fell for the second consecutive session

November 16, 2020
Recap: The oil market on Friday fell for the second consecutive session, pressured by increasing output from Libya and the concerns that the increasing coronavirus infections may slow a recovery in the economy and impact fuel demand.   While the news of the vaccine earlier this w ... Read More
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Oil futures were pressured by the unexpected increase in U.S. crude oil inventories

November 13, 2020
Recap: Oil futures fell on Thursday, pressured by the unexpected increase in U.S. crude oil inventories and lower demand expectations due to the spread of COVID-19. Prices had traded higher for a good portion of the session, as the potential for a vaccine renewed hopes that deman ... Read More
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API inventory numbers showed a 5.1 million barrel draw in U.S. crude oil stockpiles.

November 12, 2020
Recap: For the first time since the beginning of September, WTI tested the $43 level, while Brent touched above $45, as traders continued to react to the possibility of a COVID-19 vaccine and yesterday’s API inventory numbers, which showed a 5.1 million barrel draw in U.S. crude ... Read More
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Oil prices continued to post gains on Tuesday

November 11, 2020
Recap: Oil prices continued to post gains on Tuesday, as hopes that a coronavirus vaccine could be available as early as the end of the year and that the negative impact the virus is having on demand can be reversed. Gains were kept in check by lockdowns in Europe, as well as an ... Read More
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Oil prices experienced their largest daily gain in more than five months

November 10, 2020
Recap: Oil prices experienced their largest daily gain in more than five months, after Pfizer, a multinational pharmaceutical corporation and one of the world's largest pharmaceutical companies, announced promising results for its COVID-19 vaccine. Adding to the higher move were ... Read More
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Oil futures were pressured by the spread of the coronavirus cases

November 9, 2020
Recap: Oil futures fell on Friday, pressured by the spread of the coronavirus cases, which hit a record in the U.S. of 100,000 new cases for the second straight day. As some countries introduce new restrictions on business and consumer activity, worries over their impact on deman ... Read More
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Oil prices fell on Thursday, ending three straight sessions of gains

November 6, 2020
Recap: Oil futures were unable to sustain late morning gains, as attention once again turned to the global increase in the number of coronavirus cases and its impact on demand and economic growth, while traders await the results of the U.S. presidential election. December WTI sli ... Read More
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Oil prices were lifted by a 8 million barrel draw in U.S. crude oil inventories

November 5, 2020
Recap: Oil prices bounced around on Wednesday, lifted by the 8 million barrel draw in U.S. crude oil inventories and, as we await the results of the contentious U.S. presidential race to the White House. A Trump win could be supportive for oil prices, as sanctions against Iran wi ... Read More
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WTI settled at its highest level in a week

November 4, 2020
Recap: Oil futures rose on Tuesday, with WTI settling at its highest level in a week. Gains came, as traders hang on to the prospect that OPEC+ would delay production curbs set to end at the start of the new year, and as the U.S. presidential election reaches its final stretch, s ... Read More
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