July 7, 2020
Monday, July 6
th saw the front-month NYMEX Natural Gas Futures Contract open at $1.804, seven cents above Thursday’s closing price of $1.734. Climbing to an intraday high of $1.836 by 9:50AM as last week’s forecast induced rally continued into the new week, support soon faded as prices dipped lower. Finding a bottom at $1.772 at 12:30PM, the contract rallied to close out the day, ascending to an intraday high of $1.834 at 2:20PM. The August contract closed at $1.830 on Monday.
As of 7:30AM EST this morning in Globex, WTI Crude was down 43 cents; Natural Gas was up seven cents; Heating Oil was down one cent; and Gasoline was unchanged.
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.