February NYMEX Natural Gas Futures Contract Closed at $2.135 on Monday, January 6th

Monday, January 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.151, two cents above Friday’s closing price of $2.130.  Climbing to an intraday high of $2.160 by 9:30AM, a steady selloff then took hold to drive prices to the intraday low of $2.113 at 11:00AM.  Keeping an eye out for a short-covering rally while monitoring short-term weather forecasts, the contract posted an uncertain recovery into the afternoon.  February closed higher on Monday at $2.135.

As of 8:30AM EST this morning in Globex, WTI Crude was down 47 cents; Natural Gas was down two cents; Heating Oil was down one cent; and Gasoline 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 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.