January 29, 2018
Friday, January 26
th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.466, two cents above Thursday’s closing price of $3.447. Stepping higher to reach above $3.540 ahead of 10:00AM, updated forecasts for early February had traders betting on increased demand to start the month. Posting a staggered ascent into the morning to cross midday near $3.550, following a bout of selling, the contract surged higher to reach the intraday high of $3.611 at 1:40PM. Losing ground over the following hour, February proceeded to close higher on Friday at $3.505. Additionally, the March contract closed nearly cents higher at $3.175.
This morning in Globex, WTI Crude was down 46 cents; Natural Gas was down 15 cents; Heating Oil was down three cents; and, Gasoline was down slightly.
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. 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.