May NYMEX Natural Gas Futures Contracts Closed at $2.740 on Monday, April 23rd

Monday, April 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.719, two cents below Friday’s closing price of $2.739.  Dipping to the intraday low of $2.715 within minutes of opening, prices ascended over the following thirty minutes to the intraday high of $2.753.  Despite expectations for another withdrawal from storage for the week ended April 20th, seasonal temperatures have moved in to cover much of the northeast, reducing fundamental support.  Trading within a tight band along $2.735 throughout the balance of the day, May closed marginally higher on Monday at $2.740.

This morning in Globex, WTI Crude was up 29 cents; Natural Gas was up one cent; Heating Oil was up one cent; and, Gasoline was up one cent.  
Natural Gas Glossary
For access to Sprague’s full Natural Gas Market Watch Report including commentary not posted here, please send your request to 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.