May NYMEX Natural Gas Futures Contract Closed at $2.590

Market Insights
Natural Gas
Basis
NYMEX
April 16, 2019
Monday, April 15th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.626, roughly three cents below Friday’s closing price of $2.660.  Trending lower out of the gate, prices seesawed along $2.610 through midday before falling further.  Testing lows last seen in mid-February, May fell to an intraday low of $2.587 ahead of 2:30PM, closing lower of Monday at $2.590.

As of 8:40AM EST this morning in Globex, WTI Crude was up 29 cents; Natural Gas was unchanged; Heating Oil was up one cent; and Gasoline was down one cent.  

 
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.