March 24, 2020
Monday, March 23
rd saw the front-month NYMEX Natural Gas Futures Contract open at $1.583, two cents below Friday’s closing price of $1.604. Trading within two cents of $1.595 throughout the morning hours as markets sough direction with the possibility of an approved stimulus package, prices crossed midday at $1.587. Falling to an intraday low of $1.574 minute later, the contract ascended into the afternoon to record an intraday high of $1.628 at 2:00PM. April finished nearly flat on Monday at $1.602.
As of 7:45AM EST this morning in Globex, WTI Crude was up 90 cents; Natural Gas was up three cents; Heating Oil was up four cents; and Gasoline was up four cents.
Natural Gas Glossary
Natural Gas Supplier
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. The views expressed in this material are through the period as of the date of this report and are subject to change based on market and other conditions. This document contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance or results and actual results or developments may differ materially from those projected. The whole or any part of this work may not be reproduced, copied, or transmitted or any of its contents disclosed to third parties without Sprague’s express written consent.