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Market Intel Archives

December NYMEX Natural Gas Futures Contracts Closed at $2.935 on Thursday, November 2nd

November 03, 2017

Thursday, November 2nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.923, three cents above Wednesday’s closing price of $2.893.  Picking up ground in pre-session buying as traders reassess market fundamentals, a hesitant climb saw prices reach above $2.930 ahead of the 10:30AM weekly storage report.  Stepping higher to reach the intraday high of $2.957 by midday, December tumbled lower into the afternoon to close higher on Thursday at $2.935.

The EIA Natural Gas Storage Report published on Thursday showed a 65 BCF injection to storage for the week ended October 27th – even with the market estimate.  Total working gas in storage was reported as 3,775 BCF; 4.6% below this time last year and 1.1% below the five-year average.

This morning in Globex, WTI Crude was up 15 cents; Natural Gas was up two cents; Heating Oil was up one cent; and, Gasoline was up two cents.

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.

December NYMEX Natural Gas Futures Contracts Closed at $2.893 on Wednesday, November 1st

November 02, 2017

Wednesday, November 1st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.912, two cents above Tuesday’s closing price of $2.896.  Falling to the intraday low of $2.847 by 9:20AM, prices soon recovered to trade alongside $2.895 into the afternoon.  Holding steady despite bearish weather forecasts, December rose to close out the day, finishing 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 65 BCF injection to storage for the week ended October 27th.  This compares to a 54 BCF injection at this time last year and a five-year average injection amount of 60 BCF.

This morning in Globex, WTI Crude was down 17 cents; Natural Gas was up three cents; Heating Oil was down two cents; and, Gasoline was up slightly.

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.

December NYMEX Natural Gas Futures Contracts Closed at $2.896 on Tuesday, October 31st

November 01, 2017

Tuesday, October 31st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.930, nearly four cents below Monday’s closing price of $2.966.  Moving hesitantly upward to mark the intraday high of $2.943 by 9:30AM, prices were soon directed lower.  Lacking support from expected heating demand, the contract moved lower to trade along $2.915 through the midday.  Retreating further into the afternoon, December closed lower on Tuesday at $2.896.

This morning in Globex, WTI Crude was up 59 cents; Natural Gas was up one cent; Heating Oil was up two cents; and, Gasoline was up three cents.

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.

December NYMEX Natural Gas Futures Contracts Closed at $2.966 on Monday, October 30th

October 31, 2017

On Monday, October 30th – the December NYMEX Natural Gas Futures Contracts began trading as the prompt month.  Opening at $2.971, a penny above Friday’s closing price of $2.964 and well above November’s settlement price of $2.752, the contract trudged gradually upward into the morning.  Peaking at the intraday high of $3.006 at 10:40AM as increased consumption is expected into next week, prices soon leveled off.  Tumbling lower into the afternoon, December proceeded to close flat on Monday at $2.966.

This morning in Globex, WTI Crude was down five cents; Natural Gas was down four cents; Heating Oil was down one cent; and, Gasoline was down 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 natgas@spragueenergy.com or call 1-855-466-2842.

November NYMEX Natural Gas Futures Contracts Closed at $2.752 on Friday, October 27th

October 30, 2017

On Friday, October 27th – settlement day for the October Contract – the front-month NYMEX Natural Gas Futures Contracts opened at $2.811, eight cents below Wednesday’s closing price of $2.890.  In what turned out to be a light trading day, November experienced choppy trading throughout the day after sharp overnight declines.  Reaching the intraday high of $2.826 by 1:20PM, selling soon took hold as prices fell to an eight-month intraday low of $2.723.  November settled lower on Friday at $2.752.  Posting similar losses, December seesawed along the $2.97 mark for the majority of the day to close lower at $2.964.

This morning in Globex, WTI Crude was up 17 cents; Natural Gas was unchanged; 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 natgas@spragueenergy.com or call 1-855-466-2842.

November NYMEX Natural Gas Futures Contracts Closed at $2.890 on Thursday, October 26th

October 27, 2017

Thursday, October 26th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.880, four cents below Wednesday’s closing price of $2.919.  Losing ground in overnight trading once again, the latest forecasts have left traders disappointed, as next week’s demand will be lower than previously expected.  Rising gradually from the intraday low of $2.878 early on, prices rose to $2.895 by 9:30AM and stabilized over the following hour.  Breaking stride to reach up to the intraday high of $2.909 as storage report was released, November soon retreated to the $2.90 level and proceeded to close lower on Thursday at $2.890.  Similarly, the more actively traded December contract closed three cents lower at $3.051.

The EIA Natural Gas Storage Report published on Thursday showed a 64 BCF injection to storage for the week ended October 20th – just below the market estimate of 67 BCF.  Total working gas in storage was reported as 3,710 BCF; 4.8% below this time last year and 1.2% below the five-year average.

This morning in Globex, WTI Crude was down 28 cents; Natural Gas was down eight cents; Heating Oil was down one cent; and, Gasoline was down 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 natgas@spragueenergy.com or call 1-855-466-2842.

November NYMEX Natural Gas Futures Contracts Closed at $2.919 on Wednesday, October 25th

October 26, 2017

Wednesday, October 25th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.932, four cents below Tuesday’s closing price of $2.974.  Emerging into the market in a modest climb, the contract fought to gain back any overnight losses as the morning drew on.  Attaining the intraday high of $2.960 at 11:30AM and again at noon, prices then trailed lower for the balance of the day, as November closed lower on Wednesday at $2.919.

The EIA Natural Gas Storage Report is due out at 10:30AM today.  The report is expected to show a 67 BCF injection to storage for the week ended October 20th.  This compares to a 73 BCF injection at this time last year and a five-year average injection amount of 75 BCF.

This morning in Globex, WTI Crude was up three cents; Natural Gas was down four cents; Heating Oil was unchanged; and, Gasoline was down one cent.  Additionally, cash prices were higher 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.

November NYMEX Natural Gas Futures Contracts Closed at $2.974 on Tuesday, October 24th

October 25, 2017

Tuesday, October 24th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.967, roughly two cents below Monday’s closing price of $2.991.  Stepping modestly lower after Monday’s rally, the contract traded steadily along $2.975 through 11:00AM.  Descending to the intraday low of $2.960 forty minutes later, bulls soon entered the market to drive prices to the intraday high of $2.991 by 1:10PM.  Despite the cold spell working its way from the central U.S. eastward through the weekend, November closed slightly lower on Tuesday at $2.974.

This morning in Globex, WTI Crude was down 18 cents; Natural Gas was down four cents; Heating Oil was up slightly; 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 natgas@spragueenergy.com or call 1-855-466-2842.

November NYMEX Natural Gas Futures Contracts Closed at $2.991 on Monday, October 23rd

October 24, 2017

Monday, October 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $3.006, nine cents above Friday’s closing price of $2.915.  Inching upward to the intraday high of $3.010 as markets opened, the contract proceeded to straddle $2.995 late into the morning as bullish weather expectations continued to the support pre-session rally.  Slipping lower after midday, prices then fell to the intraday low of $2.948 at 12:40PM.  Posting a steady recovery into the afternoon, November closed higher on Monday at $2.991.

This morning in Globex, WTI Crude was up 39 cents; Natural Gas was down 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 natgas@spragueenergy.com or call 1-855-466-2842.

November NYMEX Natural Gas Futures Contracts Closed at $2.915 on Friday, October 20th

October 23, 2017

Friday, October 20th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.880, just above Thursday’s closing price of $2.873.  Experiencing choppy trading early on, the contract traded within a two-cent range of the day’s opening mark through the morning, recording the intraday low of $2.962 along the way.  Finding consensus by midday, prices rose to the intraday high of $2.940 by 1:10PM as traders focused on this week’s increasingly seasonal temperatures.  November closed at $2.915 on Friday, down 2.8% from last week.

This morning in Globex, WTI Crude was up 20 cents; Natural Gas was up eight cents; Heating Oil was unchanged; and, Gasoline was down slightly.  

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.