February 26, 2020
Tuesday, February 25
th saw the front-month NYMEX Natural Gas Futures Contract open at $1.852, nearly three cents above Monday’s closing price of $1.827. In quiet day of trading, the intraday high of $1.862 was recorded soon after the opening bell and the intraday low of $1.833 was reached at 2:20PM. Facing the same fundamentals that we’ve seen over the past few weeks, over supply has made markets less responsive to short-terms cold spells. March closed higher on Tuesday at $1.847. The more actively traded April contract posted a similar trend, closing nearly a penny higher at $1.851.
As of 8:35AM EST this morning in Globex, WTI Crude was down 67 cents; Natural Gas was unchanged; Heating Oil was down four cents; and Gasoline was down four 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.