Tuesday, February 25th saw the front-month NYMEX Natural Gas Futures Contract open at $1.852, nearly three cents above Monday’s closing price of $1.827. In quiet day of trading, the intraday high of $1.862 was recorded soon after the opening bell and the intraday low of $1.833 was reached at 2:20PM. Facing the same fundamentals that we’ve seen over the past few weeks, over supply has made markets less responsive to short-terms cold spells. March closed higher on Tuesday at $1.847. The more actively traded April contract posted a similar trend, closing nearly a penny higher at $1.851.
As of 8:35AM EST this morning in Globex, WTI Crude was down 67 cents; Natural Gas was unchanged; Heating Oil was down four cents; and Gasoline was down four 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.