August NYMEX Natural Gas Futures Contract Closed at $8.727 on Monday, July 25th

Monday, July 25th saw the August NYMEX Natural Gas Futures Contract open at $8.483, eighteen cents above Friday’s closing price of $8.299. Tallying the intraday low of $8.365 at 9:45AM, the contract continued last week’s rally as strong demand and production concerns provided support. Crossing midday at $8.615 and marking the intraday high of $8.741 ahead of 2:30PM, August closed higher on Monday at $8.727.

As of 7:20AM EST this morning in Globex, WTI Crude was up $1.56; Natural Gas was up 25 cents; Heating Oil was up five cents; and Gasoline was up five cents.

Natural Gas Glossary
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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.