June NYMEX Natural Gas Futures Contract Closed at $2.305 on Wednesday, April 26th

Wednesday, April 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.215, nine cents below Tuesday’s closing price of $2.307. Retreating throughout the day, May settled lower on Wednesday at $2.117.

The more actively traded June contract opened at $2.347, nine cents below Tuesday’s closing price of $2.437. Tallying the intraday high of $2.349, prices spent the day fluctuating along the $2.290 level as weather models remained unchanged. Recording the intraday low of $2.274 at 12:45PM, June closed lower on Wednesday at $2.305.

The EIA Natural Gas Storage Report is due out on Thursday at 10:30AM. The report is expected to show a 78 BCF injection to storage for the week ended April 21. This compares to a 40 BCF injection at this time last year and a five-year average injection amount of 43 BCF.

As of 7:00AM EST this morning in Globex, WTI Crude was unchanged; Natural Gas was down one cent; Heating Oil was up slightly; and Gasoline was up slightly.
                                                                                                       
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.
 

Share:
RSS
Follow by Email
Facebook
X (Twitter)

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.