August 2, 2022
Monday, August 1
st saw the September NYMEX Natural Gas Futures Contract open at $7.911, thirty-two cents below Friday’s closing price of $8.229. Recording the intraday low of $7.753 by 9:15AM, the contract chopped around $7.975 as weekend weather forecasts reduced the amount of expected cooling demand in the short term. Mounting a steady ascent soon thereafter, midday forecasts provided support. Marking the intraday high of $8.298 ahead of 2:30PM, September closed higher on Monday at $8.283.
As of 6:45AM EST this morning in Globex, WTI Crude was down 81 cents; Natural Gas was down 25 cents; Heating Oil was down nine cents; and Gasoline was down five 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.
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.