September NYMEX Natural Gas Futures Contract Closed at $2.339 on Monday, August 17th

Market Insights
Natural Gas
Basis
NYMEX
August 18, 2020
Monday, August 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.359, just above Friday’s closing price of $2.356.  Extending to an intraday high of $2.374 at 9:40AM, prices then trended lower as the latest rally drove the contract into over-bought territory.  Slipping to an intraday low of $2.302 at 11:30AM, September ascended gradually to close out the day to close lower on Monday at $2.339.

As of 8:25AM EST this morning in Globex, WTI Crude was down 31 cents; Natural Gas was up eight cents; Heating Oil was up one cent; and Gasoline was unchanged.

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.