November 6, 2018
Monday, November 5
th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.536, twenty-five cents above Friday’s closing price of $3.284. Surging overnight in anticipation of below average temperatures in the coming weeks, the contract floated along either side of $3.530 throughout the morning before dropping to the intraday low of $3.491 at 12:10PM. Strengthening as the afternoon drew on, December marked a ten-month intraday high of $3.576 before closing higher on Monday at $3.567.
This morning in Globex, WTI Crude was up 13 cents; Natural Gas was down two cents; Heating Oil was up two cents; 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.