April NYMEX Natural Gas Futures Contract Closed at $1.634 on Friday, March 27th

Friday, March 27th – settlement day for the April Contract – saw the front-month NYMEX Natural Gas Futures Contract open at $1.644, a penny above Thursday’s closing price of $1.637.  In a slow day of trading, the contract marked an intraday low of $1.597 as markets opened and managed to record an intraday high of $1.650 ahead of closing.  Feeling the impact of the economic slowdown due to the Coronavirus combined with seasonal temperatures, we may see prices dip below $1.600 again.  The April contract settled lower on Friday at $1.634.  The more actively traded May contract closed lower at $1.671.

As of 7:15AM EST this morning in Globex, WTI Crude was down $1.13; Natural Gas was down four cents; Heating Oil was down three cents; and Gasoline was down seven 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.