June 16, 2022
Wednesday, June 15
th saw the July NYMEX Natural Gas Futures Contract open at $7.512, thirty-two cents above Tuesday’s closing price of $7.189. Rising steadily to an intraday high of $7.698 by 10:20AM, prices recovered from the previous session’s historic selloff as prices waded into oversold territory during peeking cooling demand season. Crossing midday at $7.541, contract trended lower for the balance of the to mark an intraday low of $7.373 ahead of 2:30PM. July closed higher on Wednesday at $7.420.
The EIA Natural Gas Storage Report is due out on Thursday at 10:30AM. The report is expected to show a 91 BCF injection to storage for the week ended June 10. This compares to a 16 BCF injection at this time last year and a five-year average injection amount of 79 BCF.
As of 6:00AM EST this morning in Globex, WTI Crude was down four cents; Natural Gas was up 21 cents; Heating Oil was down one cent; and Gasoline was up 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.