December NYMEX Natural Gas Futures Contract Closed at $2.665 on Friday, November 22nd

Friday, November 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.613, roughly five cents above Thursday’s closing price of $2.567.  Climbing from an intraday low of $2.607 shortly after the opening bell, prices soon trended higher to settle-in along the $2.64 level by 10:00AM.  Moving gradually higher into the afternoon, supported by short covering and bullish short-term forecasts, the contract rose to a five day intraday high of $2.675 by 2:20PM.  The December contract finished higher on Friday at $2.665, down two cents on the week.

As of 8:45AM EST this morning in Globex, WTI Crude was unchanged; Natural Gas was down 12 cents; Heating Oil was up one cent; and Gasoline was down one cent. 

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.