February NYMEX Natural Gas Futures Contracts Closed at $3.482 on Friday, January 18th

Friday, January 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.246, nearly seventeen cents below Thursday’s closing price of $3.413.  Falling to the intraday low of $3.201 as markets opened, prices then began an upward crawl as traders continued to evaluate Thursday’s storage withdrawal and impending swaths of frigid temperatures.  Surpassing the $3.30 mark by midday, the afternoon boasted confident gains as February reached an intraday high of $3.499 before closing at $3.482 on Friday.

Markets will be closed today, Monday January 21, 2019 in observance of Martin Luther King Jr. Day.

This morning in Globex, WTI Crude was up 12 cents; Natural Gas was down 15 cents; Heating Oil was unchanged; and Gasoline was down slightly.
 
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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.