May NYMEX Natural Gas Futures Contract Closed at $2.524 on Monday, April 22nd

Market Insights
Natural Gas
Basis
NYMEX
April 23, 2019
Monday, April 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.524, roughly three cents above Thursday’s closing price of $2.490.  Impacted by oversold conditions and climbing oil markets, prices were higher on Monday following last week’s three-year lows.  In a largely uneventful day, the contract marked an intraday low of $2.510 at 11:00AM and an intraday high of $2.530 at 12:20PM, as May closed higher on Monday at $2.524.

As of 8:40AM EST this morning in Globex, WTI Crude was up 10 cents; Natural Gas was unchanged; Heating Oil was up one cent; and Gasoline was down slightly. 
 
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.