March NYMEX Natural Gas Futures Contract Closed at $1.872 on Tuesday, February 4th

Market Insights
Natural Gas
Basis
NYMEX
February 5, 2020
Tuesday, February 4th saw the front-month NYMEX Natural Gas Futures Contract open at $1.834, nearly two cents above Monday’s closing price of $1.819.  Recording an intraday low of $1.827 soon after markets opened, prices trended higher through the morning to reach $1.860 by midday.  Supported by traders finding value in the recently diminished contract, March rose to an intraday high of $1.888 before closing higher on Tuesday at $1.872.

As of 8:45AM EST this morning in Globex, WTI Crude was up $1.36; Natural Gas was down three cents; Heating Oil was up five cents; and Gasoline was up three 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.