August NYMEX Natural Gas Futures Contract Closed at $2.267 on Monday, July 1st

Monday, July 1st saw the front-month NYMEX Natural Gas Futures Contract open at $2.259, five cents below Friday’s closing price of $2.308.  Faltering from last week’s highs as reality fell short of bullish forecasts, the contract tapered lower throughout the morning to tally an intraday low of $2.217 by 11:20AM.  Finding support as midday came to pass, prices recovered toward the end of the session to reach an intraday high of $2.270 at 2:20PM as August closed lower on Monday at $2.267.

As of 8:50AM EST this morning in Globex, WTI Crude was down 82 cents; Natural Gas was up one cent; Heating Oil was down two cents; and Gasoline was down two 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 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.