Filter Archive Listings

ALL
  • SHOW BY POST TYPE

ALL
  • Product

  • POPULAR TAGS

  • Winter
  • market
  • prices
  • natural gas
  • basis
  • nymex
  • market watch
  • basis price
  • natural gas storage
  • estimates
  • cash price
  • cash
  • futures market
  • september
  • october contract
  • October
  • weather
  • rally
  • storage
  • new england
  • storage report
  • futures
  • oil
  • november
  • diesel
  • december
  • settlement price
  • heating oil
  • settlement
  • natural gas storage report
  • eia storage report
  • January
  • January 2014
  • cash prices
  • New York
  • Polar Vortex
  • price movements
  • conversion calculator
  • calculator
  • energy conversion
  • ccf to mmbtu calculator
  • barrels
  • gallons
  • energy calculator
  • natural fas
  • natural gas sotrage
  • VIEW ALL TAGS

Market Intel Archives

July NYMEX Natural Gas Futures Contracts Closed at $3.037 on Tuesday, June 27th

June 28, 2017

Tuesday, June 27th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.031, slightly above Monday’s closing price of $3.027.  Ticking downward to the intraday low of $3.018 by 9:30AM, prices soon gathered momentum to climb to the intraday high of $3.059 thirty minutes later.  Battling to sustain this week’s weather-induced growth as settlement looms closer, the contract straddled the $3.05 mark until 1:00PM when prices gradually withdrew.  July closed higher on Tuesday at $3.037.

This morning in Globex, WTI Crude was down nine cents; Natural Gas was up three cents; Heating Oil was down slightly; and, Gasoline was down one cent.  Additionally, cash prices were lower in New York and higher in New England.

 

Natural Gas Glossary

                                                                                                 
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.

July NYMEX Natural Gas Futures Contracts Closed at $3.027 on Monday, June 26th

June 27, 2017

Monday, June 26th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.982, roughly five cents above Friday’s closing price of $2.929.  Emerging into the session with a confident climb over the $3.00 mark, the contract settled in along $3.010 and traded sideways through midday.  With improved expectations of summer cooling demand from the latest forecasts, prices traded progressively higher into the afternoon.  Tallying the intraday high of $3.030 ahead of 2:30PM, July closed higher on Monday at $3.027.

This morning in Globex, WTI Crude was up 52 cents; Natural Gas was up one cent; Heating Oil was up two cents; and, Gasoline was up two cents.  Additionally, cash prices were lower in New York and New England.

 

Natural Gas Glossary

                                                                                                 
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.

July NYMEX Natural Gas Futures Contracts Closed at $2.929 on Friday, June 23rd

June 26, 2017

Friday, June 23rd, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.910, more than a penny above Thursday’s closing price of $2.894.  Ascending gradually out of the gate, prices rose through the day’s opening hour to record the intraday high of $2.940 by 10:00AM.  Stabilizing to trade along the $2.93 level into the afternoon, July lacked any major changes as markets closed higher on Friday at $2.929.

This morning in Globex, WTI Crude was up 16 cents; Natural Gas was up five cents; Heating Oil was up one cent; and, Gasoline was unchanged.

New York basis values were lower for the current summer months and unchanged for the next winter season, whereas New England basis values were higher for the current summer months and unchanged for the next winter season.  Additionally, cash prices were lower in both regions.

 

Natural Gas Glossary

                                                                                                 
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.

July NYMEX Natural Gas Futures Contracts Closed at $2.894 on Thursday, June 22nd

June 23, 2017

Thursday, June 22nd, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.902, a penny above Wednesday’s closing price of $2.893.  Arcing gradually lower to sink below $2.890 by 10:00AM, prices then picked up two cents in the thirty minutes prior to the weekly storage publication.  Plummeting to the intraday low of $2.855 as the bearish report hit the wire, the contract then surged higher to mark the intraday high of $2.962 ten minutes later.  Coming off this high and trailing lower through the afternoon, July closed nearly flat on Thursday at $2.894 as traders gauge updated forecasts and the impact of Tropical Storm Cindy.

The EIA Natural Gas Storage Report published on Thursday showed a 61 BCF injection to storage for the week ended June 16th – just above the market estimate of 58 BCF. Total working gas in storage was reported as 2,770 BCF; 10.5% below this time last year and 8.1% above the five-year average.

This morning in Globex, WTI Crude was up 12 cents; Natural Gas was up two cents; Heating Oil was down slightly; and, Gasoline was up slightly.  Additionally, cash prices were higher in New York and New England.

 

Natural Gas Glossary

                                                                                                 
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.

July NYMEX Natural Gas Futures Contracts Closed at $2.893 on Wednesday, June 21st

June 22, 2017

Wednesday, June 21st, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.929, two cents above Tuesday’s closing price of $2.907.  Trading evenly through 9:30AM, prices then jumped to the intraday high of $2.944.  Holding the $2.940 mark over the following ninety minutes, the contract then began a gradual decline, which persisted into the afternoon.  Marking the intraday low of $2.878 ahead of 2:00PM, July closed lower on Wednesday at $2.893.

The EIA Natural Gas Storage Report is due out at 10:30AM today.  The report is expected to show a 58 BCF injection to storage for the week ended June 16th.  This compares to a 62 BCF injection at this time last year and a five-year average injection amount of 82 BCF.

This morning in Globex, WTI Crude was up 21 cents; Natural Gas was up two cents; Heating Oil was up one cent; and, Gasoline was up one cent.

New York and New England basis values were unchanged for all seasons.  Additionally, cash prices were lower in New York and higher in New England.

 

Natural Gas Glossary

                                                                                                 
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.

July NYMEX Natural Gas Futures Contracts Closed at $2.907 on Tuesday, June 20th

June 21, 2017

Tuesday, June 20th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.905, one cent above Monday’s closing price of $2.894.  Losing ground early on to mark the intraday low $2.879, the contract then rose cautiously higher for the balance of the day, peaking at the intraday high of $2.913 at 1:40PM.  One day after prices suffered a 5% drop, weather forecasts have left traders uninspired as July closed nearly flat on Tuesday at $2.907.

This morning in Globex, WTI Crude was up 22 cents; Natural Gas was up two cents; Heating Oil was up one cent; and, Gasoline was up one cent.   Additionally, cash prices were lower in New York and higher in New England.

 

Natural Gas Glossary

                                                                                                 
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.

July NYMEX Natural Gas Futures Contracts Closed at $2.894 on Monday, June 19th

June 21, 2017

Monday, June 19th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.886, fifteen cents below Friday’s closing price of $3.037.  Facing a 5% drop since Friday afternoon, bearish weather in the coming weeks has diminished hope for increased demand.  Climbing apprehensively to the $2.91 mark by 9:30AM, prices retreated slightly to seesaw along $2.900 through midday.  A modest ascent to the intraday high of $2.919 by 1:00PM then saw July move downward, closing lower on Monday at $2.894.

This morning in Globex, WTI Crude was down $1.10; Natural Gas was up one cent; Heating Oil was down two cents; and, Gasoline was down three cents.  Additionally, cash prices were higher in New York and New England.

 

Natural Gas Glossary

                                                                                                 
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.

July NYMEX Natural Gas Futures Contracts Closed at $3.037 on Friday, June 16th

June 19, 2017

Friday, June 16th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.053, just below Thursday’s closing price of $3.056.  Stepping higher out of the gate to reach the intraday high of $3.064, prices then swung downward to find the intraday low of $3.027 by 9:30AM.  Climbing gradually higher to just shy of the $3.06 mark an hour later, the contract then posted a steady decline to fall below $3.040 to finish out the day.  Weighing mixed market fundamentals, July closed lower on Friday at $3.037.

This morning in Globex, WTI Crude was up 13 cents; Natural Gas was down 14 cents; and, Heating Oil and Gasoline were up slightly.  Additionally, cash prices were higher in New York and New England.

 

Natural Gas Glossary

                                                                                                 
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.

July NYMEX Natural Gas Futures Contracts Closed at $3.056 on Thursday, June 15th

June 16, 2017

Thursday, June 15th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.945, a penny above Wednesday’s closing price of $2.933.  Trading within a penny of $2.945 through the day’s opening ninety minutes, news of a bullish storage injection then drove prices drastically higher.  With limited demand expected in the coming weeks, the lower-than-expected injection provided traders enough support to drive the contract over the $3.00 mark.  Climbing as high at $3.062 ahead of midday, a modest mid-afternoon decline eventually subsided as prices rose to the intraday high of $3.066 at 2:00PM.  July closed higher on Thursday at $3.056.

The EIA Natural Gas Storage Report published on Thursday showed a 78 BCF injection to storage for the week ended June 9th – below the market estimate of 87 BCF. Total working gas in storage was reported as 2,709 BCF; 10.6% below this time last year and 9.2% above the five-year average.

This morning in Globex, WTI Crude was up 37 cents; Natural Gas was unchanged; Heating Oil was up two cents; and, Gasoline was up two cents.  Additionally, cash prices were higher in New York and lower in New England.

Natural Gas Glossary

                                                                                                 
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.

July NYMEX Natural Gas Futures Contracts Closed at $2.933 on Wednesday, June 14th

June 15, 2017

Wednesday, June 14th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.961, slightly below Tuesday’s closing price of $2.966.  Unsettled trading as markets opened witnessed a decline to $2.923 by 9:20AM, the lowest intraday mark seen since mid-March.  Mounting a confident ascent to reach the intraday high of $2.989 nearly an hour later, the contract soon withdrew as bearish forecasts continue to limit expectations for demand.  July closed lower on Wednesday at $2.933.

The EIA Natural Gas Storage Report is due out at 10:30AM today.  The report is expected to show an 87 BCF injection to storage for the week ended June 9th.  This compares to a 69 BCF injection at this time last year and a five-year average injection amount of 87 BCF.

This morning in Globex, WTI Crude was down 23 cents; Natural Gas was up one cent; Heating Oil was down slightly; and, Gasoline was down two cents.  Additionally, cash prices were lower in New York and New England.

Natural Gas Glossary

                                                                                                 
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.