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
  • gas
  • cash price
  • cash
  • futures market
  • september
  • october contract
  • October
  • weather
  • rally
  • storage
  • new england
  • storage report
  • EIA
  • futures
  • oil
  • november
  • diesel
  • market report
  • 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
  • ng
  • money
  • marketwatch
  • energy
  • VIEW ALL TAGS

Market Intel Archives

November NYMEX Natural Gas Futures Contracts Closed at $2.916 on Monday, October 2nd

October 03, 2017

Monday, October 2nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.937, seven cents below Friday’s closing price of $3.007.  Recording the intraday high of $2.940 as markets opened, prices were quickly directed downward as cooling demand wanes and temperatures aren’t low enough to spur increased heating demand.  Reaching a three-week intraday low of $2.889 by 11:00AM, the contract posted a staggered recovery into the afternoon as November closed lower on Monday at $2.916.

This morning in Globex, WTI Crude was down 32 cents; Natural Gas was down one cent; Heating Oil was down two cents; 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 Close at $3.007 on Friday, September 29th

October 02, 2017
Friday, September 29th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.006, a penny below Thursday’s closing price of $3.017.  Slipping to the intraday low of $2.992 ahead of 9:30AM, prices soon reversed direction to step higher through the morning.  Crossing midday near $3.020, the contract rose to the intraday high of $3.029 at 12:40PM and proceeded to trade sideways into the afternoon.  With moderately above-average temperatures expected to cover much of the country next week, a decline near 2:30PM saw November close a penny lower on Friday at $3.007.

This morning in Globex, WTI Crude was down $1.05; Natural Gas was down five cents; Heating Oil was down three cents; and, Gasoline was down 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.

October NYMEX Natural Gas Futures Contracts Closed at $3.017 on Thursday, September 28th

September 29, 2017

On Thursday, September 28th – the November NYMEX Natural Gas Futures Contracts began trading as the prompt month. Opening at $3.046, slightly below Wednesday’s closing price of $3.061, prices quickly fell to the $3.03 level where traders awaited the 10:30AM storage report.  Leaping to the intraday high of $3.081 as the bullish publication was released, selling then dominated the balance of the morning as the contract sank to the intraday low of $3.001 by midday. Straddling $3.015 into the afternoon, November closed lower on Thursday at $3.017.

This morning in Globex, WTI Crude was down 10 cents; Natural Gas was unchanged; Heating Oil was down slightly; and, Gasoline was down slightly.

New York and New England basis values were unchanged for all seasons.  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.

View the Sprague Natural Gas MarketWatch Report in a downloadable pdf format.

October NYMEX Natural Gas Futures Contracts Closed at $2.974 on Wednesday, September 27th

September 28, 2017

On Wednesday, September 27th – settlement day for the October Contract – the front-month NYMEX Natural Gas Futures Contracts opened at $2.947, three cents above Tuesday’s closing price of $2.918.  Ascending to the intraday high of $2.989 by 9:20AM, prices then tumbled lower to trade near $2.955 into the afternoon.  Despite a momentary drop to the intraday low of $2.935 ahead of 1:00PM, October then rose to settle higher at $2.974.  Similarly, the November contract finished higher as well at $3.061.

The EIA Natural Gas Storage Report is due out at 10:30AM today.  The report is expected to show a 63 BCF injection to storage for the week ended September 22nd.  This compares to a 49 BCF injection at this time last year and a five-year average injection amount of 84 BCF.

This morning in Globex, WTI Crude was up 43 cents; Natural Gas was down two cents; Heating Oil was unchanged; and, Gasoline was down one cent.  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.

October NYMEX Natural Gas Futures Contracts Closed at $2.918 on Tuesday, September 26th

September 27, 2017

Tuesday, September 26th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.936, nearly two cents above Monday’s closing price of $2.919.  Plotting a similar course to Monday’s activity, prices rose early on to mark the intraday high of $2.944 before stepping lower for the balance of the morning.  Recording the intraday low of $2.898 ahead of 1:00PM, October closed nearly flat on Tuesday at $2.918 as today’s settlement draws closer.  Additionally, the November contract finished a penny higher at $3.000.

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

October NYMEX Natural Gas Futures Contracts Closed at $2.919 on Monday, September 25th

September 26, 2017

Monday, September 25th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.951, a penny below Friday’s closing price of $2.959.  Following an initial jump to the intraday high of $2.958, prices proceeded to fluctuate within a one-cent range of $2.945 through 10:30AM.  With seasonal weather scheduled to hit by week’s end, the contract ultimately withdrew into the late afternoon.  Reaching the intraday low of $2.911 at 2:20PM, October closed lower on Monday at $2.919.

This morning in Globex, WTI Crude was down 38 cents; Natural Gas was up three cents; Heating Oil down three cents; 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.


View the Sprague Natural Gas MarketWatch Report in a downloadable pdf format.

October NYMEX Natural Gas Futures Contracts Closed at $2.959 on Friday, September 22nd

September 25, 2017
Friday, September 22nd, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.959, a penny below Thursday’s closing price of $2.946.  Despite a momentary decline to the intraday low of $2.950 as markets opened, the contract rose modestly through the morning to reach $2.970 by midday.  Marking the intraday high of $2.978 at 12:30PM, forecasts for the return of seasonal temperatures by early next week soon directed prices lower, as October closed nearly flat on Friday at $2.959.

This morning in Globex, WTI Crude was up 65 cents; Natural Gas was up two cents; Heating Oil was up two cents; and, Gasoline was up two cents.

New York basis values were lower for all seasons, whereas New England basis values were higher for the coming winter season and lower for the following summer months.  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.

View the Sprague Natural Gas MarketWatch Report in a downloadable pdf format.

October NYMEX Natural Gas Futures Contracts Closed at $2.946 on Thursday, September 21st

September 22, 2017

Thursday, September 21st, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.061, three cents below Wednesday’s closing price of $3.094.  Entering the market with a bout of selling, prices quickly tumbled to $3.025 where traders then awaited the 10:30AM storage report.  Descending rapidly below $3.00 as the larger-than-expected storage injection was published, the contract withdrew to $2.965 by midday.  Despite forecasts for above-normal temperatures lasting into next week, October fell to the intraday low of $2.942 before closing down on Thursday at $2.946.

The EIA Natural Gas Storage Report published on Thursday showed a 97 BCF injection to storage for the week ended September 15th – above the market estimate of 90 BCF.  Total working gas in storage was reported as 3,408 BCF; 3.8% below this time last year and 2.0% above the five-year average.

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

October NYMEX Natural Gas Futures Contracts Closed at $3.094 on Wednesday, September 20th

September 21, 2017

Wednesday, September 20th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.113, a penny below Tuesday’s closing price of $3.122.  Posting steady gains to start the day, prices rose to the intraday high of $3.142 by 9:50AM.  Unable to maintain this momentum, the contract fell to $3.125 at 11:00AM and stepped lower through midday.  Fluctuating along $3.105 until 2:00PM, October then sank to the intraday low of $3.091 before closing lower on Wednesday at $3.094.

The EIA Natural Gas Storage Report is due out at 10:30AM today.  The report is expected to show a 90 BCF injection to storage for the week ended September 15th.  This compares to a 52 BCF injection at this time last year and a five-year average injection amount of 73 BCF.

This morning in Globex, WTI Crude was down 28 cents; Natural Gas was down four cents; Heating Oil was unchanged; and, Gasoline was down two cents.  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.

October NYMEX Natural Gas Futures Contracts Closed at $3.122 on Tuesday, September 19th

September 20, 2017

Tuesday, September 19th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.144, just below Monday’s closing price of $3.146.  Emerging into the market with a jump to the intraday high of $3.155, prices then tumbled lower to skip along the $3.13 level into the afternoon.  Eyeing the path of Hurricane Maria while evaluating the impact of above-normal temperatures in the central and eastern U.S., October fell to the intraday low of $3.120 minutes ahead of 2:30PM, closing down on Tuesday at $3.122.

This morning in Globex, WTI Crude was up 54 cents; Natural Gas was up one cent; Heating Oil was up one cent 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.