May NYMEX Natural Gas Futures Contract Closed at $2.680 on Friday, April 16th

Friday, April 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.691, three cents above Thursday’s closing price of $2.658.  Achieving an intraday high of $2.700 at 9:20AM and an intraday low of $2.664 nearly two hours later, the contract traded within a tight band near $2.680 throughout the afternoon.  Below average temperatures in much of the country and continued demand for LNG have supported the latest rally.  May closed higher on Friday at $2.680.

The EIA Natural Gas Storage Report published on Thursday showed a 61 BCF injection to storage for the week ended April 9th – above the market estimate of 50 BCF.  Total working gas in storage was reported as 1,845 BCF; 11.6% below this time last year and 0.6% above the five-year average.

As of 6:40AM EST this morning in Globex, WTI Crude was down three cents; Natural Gas was up five cents; Heating Oil was down slightly; and Gasoline was down slightly.

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 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.