December NYMEX Natural Gas Futures Contract Closed at $2.533 on Tuesday, November 26th

Tuesday, November 26th – settlement day for the December Contract – saw the front-month NYMEX Natural Gas Futures Contract open at $2.460, seven cents below Monday’s closing price of $2.531.  Choppy trading persisted into the morning hours as a few dips to $2.427 ultimately fell to a one-month intraday low of $2.421 at 12:50PM, as bearish forecasts have, at least for the time being, scared off any rallies to the $3.00 level.  Posting a late day rally, the December contract settled lower on Tuesday at $2.470.  The more actively traded January contract opened six cents lower at $2.528 and closed at $2.533.

The EIA Natural Gas Storage Report is due out at 12:00PM today. The report is expected to show a 37 BCF withdrawal from storage for the week ended November 22nd. This compares to a 59 BCF withdrawal at this time last year and a five-year average withdrawal amount of 57 BCF.

As of 8:40AM EST this morning in Globex, WTI Crude was up 14 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 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.