February NYMEX Natural Gas Futures Contracts Closed at $3.099 on Friday, January 11th

Friday, January 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.023, roughly five cents above Thursday’s closing price of $2.969.  Recording an intraday low of $3.014 soon after markets opened, the contract floated along the $3.035 level through midday.  Possibly encouraged by the colder weather moving into the Northeast, prices rose steadily into the afternoon to tally a two-week intraday high of $3.116.  February closed higher on Friday at $3.099.

This morning in Globex, WTI Crude was down 69 cents; Natural Gas was up 29 cents; Heating Oil was up slightly; 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 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.