April 28, 2021
Tuesday, April 27
th saw the front-month NYMEX Natural Gas Futures Contract open at $2.824, two cents below Monday’s closing price of 2.790. Tallying an intraday low of $2.814 soon after the opening bell, prices rose throughout the day to achieve an intraday high of $2.876 ahead of closing. Shrugging off bearish forecasts, pipeline maintenance drove gains for both the May and June contracts. May closed higher on Tuesday at $2.873. The June contract forged a similar path, climbing to mark an intraday high of $2.948 just after midday, closing higher at $2.942.
As of 7:00AM EST this morning in Globex, WTI Crude was up 23 cents; Natural Gas was up two cents; Heating Oil was up slightly; and Gasoline was up 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.
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.