January 9, 2019
Tuesday, January 8
th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.999, nearly six cents above Monday’s closing price of $2.944. The contract seesawed along either side of the $3.00 level throughout the day, while ultimately ending on the lower end of this range. Shooting upward to the intraday high of $3.053 by 9:30AM, prices gradually declined in the subsequent two hours to mark the intraday low of $2.964. Reclaiming $3.040 ahead 12:30PM, the contract traded lower for the balance of the day as seasonal temperatures in the Northeast are unable to compete with mild conditions covering the rest of the country, as February closed higher on Tuesday at $2.967.
This morning in Globex, WTI Crude was up $1.45; Natural Gas was down one cent; Heating Oil was up three cents; and Gasoline was up five 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.