January NYMEX Natural Gas Futures Contract Closed at $2.682 on Tuesday, December 15th

Tuesday, December 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.608, seven cents below Monday’s closing price $2.682.  Recording an intraday low of $2.602 as overnight trading saw the contract withdraw, following the previous session’s rally, bulls were quick to provide support and drive prices higher once again.  Ascending to an intraday high of $2.700 at 11:20AM, January managed to maintain this momentum to close flat on Tuesday at $2.682.

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

Natural Gas Glossary
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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.