Market Intel

August NYMEX Natural Gas Futures Contracts Closed at $2.980 on Friday, July 14th

Jul 17, 2017

Friday, July 14th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.953, a penny below Thursday’s closing price of $2.961.  Building from the intraday low of $2.952 early on to reach the intraday high of $3.000 by 10:10AM, growth was supported by continued expectations of high demand in the coming weeks.  Sinking below $2.970 in the following thirty minutes, the contract then narrowed its sights to seesaw along $2.985 through the afternoon.  Finishing higher on Friday, August closed at $2.980.

This morning in Globex, WTI Crude was down ten cents; Natural Gas was up four cents; Heating Oil was down slightly; and, Gasoline was down slightly.  Additionally, cash prices were lower in New York and higher in 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.

This market update is provided for information purposes only and is not intended as advice on any transaction nor is it a solicitation to buy or sell commodities. Sprague makes no representations or warranties with respect to the contents of such news, including, without limitation, its accuracy and completeness, and Sprague shall not be responsible for the consequence of reliance upon any opinions, statements, projections and analyses presented herein or for any omission or error in fact. This document may not be reproduced or redistributed, in whole or in part, without the prior written permission of Sprague.