December NYMEX Natural Gas Futures Contract Closed at $2.688 on Friday, November 15th

Friday, November 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.671, roughly two cents above Thursday’s closing price of $2.647.  Descending into the session’s opening hour to record an intraday low of $2.629 ahead of 10:00AM, prices soon reversed direction and rose into the morning.  Peaking at an intraday high of $2.724 at 12:30PM, the December contract closed higher on Friday at $2.688, down ten cents on the week.

As of 8:50AM EST this morning in Globex, WTI Crude was down 43 cents; Natural Gas was down nine cents; Heating Oil was down two cents; and Gasoline was down two cents. 

 
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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.