February NYMEX Natural Gas Futures Contracts Closed at $3.200 on Friday, January 11th

Friday, January 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.141, six cents above Thursday’s closing price of $3.084.  Tumbling down in the first hour of trading, the intraday low of $3.070 was marked at 9:20AM. Regaining four cents by 11:00AM, the contract then gave way to an afternoon rally. Prices topped out at the intraday high of $3.224 at 1:20PM, the highest figure we have seen in three months. Up 40.5 cents on the week, February closed higher on Friday at $3.200.

This morning in Globex, WTI Crude was up three cents; Natural Gas was down six cents; Heating Oil down slightly; and, Gasoline was down slightly.
Natural Gas Glossary
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.