November 12, 2018
Friday, November 9
th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.663, twelve cents above Thursday’s closing price of $3.543. Despite the week’s bearish storage injection, prices surged higher Friday morning as cold weather continues to drive substantial gains. Eclipsing the $3.70 mark by 10:00AM, the contract shot up to a twenty-three month intraday high of $3.824 an hour later. Consolidating over the balance of the day, December closed higher on Friday at $3.719.
This morning in Globex, WTI Crude was up 89 cents; Natural Gas was up 11 cents; Heating Oil was up one cent; and Gasoline was up three 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.