Friday, July 21st, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.032, a penny below Thursday’s closing price of $3.043.  Right out of the gate, the contract hit the intraday high of $3.044.  Prices then crept steadily downward to dip below the $3.00 mark around noon.  Trading within a one-cent band for the next two hours, the contract suddenly dove to the intraday low of $2.938 before closing lower on Friday at $2.970.

This morning in Globex, WTI Crude was up 26 cents; Natural Gas was down four cents; Heating Oil was up one cent; and, Gasoline was unchanged.  Additionally, cash prices were lower in New York and New England.

 

Natural Gas Glossary

                                                                                                 
For access to Sprague’s full Natural Gas Market Watch Report including commentary not posted here, please send your request to natgas@spragueenergy.com or call 1-855-466-2842.