June 22, 2020
Friday, June 19
th saw the front-month NYMEX Natural Gas Futures Contract open at $1.650, a penny above Thursday’s closing price of $ $1.638. Falling to an intraday low of $1.642 soon after the opening bell, prices jumped four cents in the following two hours to tag an intraday high of $1.684 ahead of 11:00AM. Trading within a tight band along $1.675 for the balance of the session, traders are bearish in regards to current market conditions as COVID fears continue to put a damper on demand. The July contract closed higher on Friday at $1.669, down nearly 4% on the week.
As of 7:45AM EST this morning in Globex, WTI Crude was down 25 cents; Natural Gas was up three cents; Heating Oil was up slightly; and Gasoline was down two 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.