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 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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Oil futures marked their first gain in four sessions

November 3, 2020
Recap: Oil futures erased early losses on Monday, to mark their first gain in four sessions following a rebound in equities ahead of the contentious U.S. presidential election. Adding to the strength in the market were Russian discussions over a possible delay in plans to increas ... Read More
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Oil futures fell for the second straight month on Friday

November 2, 2020
Recap: Oil futures fell for the second straight month on Friday, as the rising number of COVID-19 cases in Europe and the U.S. increased concerns about the outlook for forward demand. Prices were down about 11% from the end of September, as demand concerns led to increased restri ... Read More
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WTI experienced its widest trading range since September 8

October 30, 2020
Recap: Oil futures fell Thursday, as the spiraling number of coronavirus cases triggered tightening restrictions in Europe and the U.S; leading to increasing concerns that the already weak demand for energy would be further impacted. WTI experienced its widest trading range since ... Read More
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The EIA reported the largest weekly increase in U.S. crude oil inventories since July

October 29, 2020
Recap: Oil prices plummeted on Wednesday, with Brent futures sinking to their lowest level in four months, as the number of coronavirus cases continued to climb and after the EIA reported the largest weekly increase in U.S. crude oil inventories since July. The decline in oil pri ... Read More
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Energy companies shut in their U.S. Gulf of Mexico oil production ahead of the Hurricane Zet

October 28, 2020
Recap: The oil market retraced Monday’s losses as energy companies shut in their U.S. Gulf of Mexico oil production ahead of the Hurricane Zeta. However, its gains were limited by concerns that demand may weaken with COVID-19 cases rising.  The market posted a low of $38.51 early ... Read More
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Oil prices fell more than 3% on Monday

October 27, 2020
Recap: Oil prices fell more than 3% on Monday as the market continued to be weighed down by both fundamental and technical factors. The bearish news of COVID cases continuing to surge across Europe and in the United States over the weekend and the lack of any agreement on a new s ... Read More
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Oil prices moved lower as Libya lifted its force majeure on oil exports

October 26, 2020
Recap: Oil prices crept lower on Friday, as Libya lifted its force majeure on oil exports, as its output continues to increase. This, plus the number of coronavirus cases surging across the globe, combined with the lack of another U.S. stimulus plan, pushed December WTI below the ... Read More
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Oil prices ended higher on the possibility of an economic stimulus packages

October 23, 2020
Recap: Oil futures ended higher on Thursday, encouraged by a drop in U.S. weekly jobless claims and the possibility of an economic stimulus package, but prices struggled to recover from Wednesday’s losses after higher U.S. gasoline inventories were reported by the EIA. Demand des ... Read More
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