February NYMEX Natural Gas Futures Contracts Closed at $3.591 on Monday, January 14th

Monday, January 14th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.410, thirty-one cents above Friday’s closing price of $3.099.  Following a brief drop to the intraday low of $3.338 at 9:10AM, prices surged higher to surpass $3.500 an hour later.  Supported by cold temperatures covering the northeast and forecasts for storms and additional cold into next week, the contract seesawed along the $3.50 mark until launching to $3.600 ahead of 2:00PM.  Tallying a near three-week intraday high of $3.605 ahead of closing, February finished higher on Monday at $3.591.

This morning in Globex, WTI Crude was up 67 cents; Natural Gas was unchanged; Heating Oil was up one cent; and Gasoline was up two cents. Additionally, cash prices were higher in New York and New England.
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.