February NYMEX Natural Gas Futures Contracts Closed at $3.458 on Wednesday, December 26th

Market Insights
Natural Gas
Basis
NYMEX
December 27, 2018
Wednesday, December 26th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.388, eight cents below Monday’s closing price of $3.467.  Choppy trading through the early morning, as prices rose to $3.470 and sank to an intraday low of $3.347.  Gaining momentum to cross midday near $3.470 once again, the contract then rose to the intraday high of $3.563 ahead of 2:00PM.  January closed higher on Wednesday at $3.543.  Posting similar gains, the February contract closed higher at $3.458.

The EIA Storage Report will be published on Friday, December 28th.

This morning in Globex, WTI Crude was down 63 cents; Natural Gas was up six cents; Heating Oil was down one cent; and Gasoline was down one cent.  

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.