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

August NYMEX Natural Gas Futures Contracts closed at $2.970 on Friday, July 21st

July 24, 2017

Friday, July 21st, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.032, a penny below Thursday’s closing price of $3.043.  Right out of the gate, the contract hit the intraday high of $3.044.  Prices then crept steadily downward to dip below the $3.00 mark around noon.  Trading within a one-cent band for the next two hours, the contract suddenly dove to the intraday low of $2.938 before closing lower on Friday at $2.970.

This morning in Globex, WTI Crude was up 26 cents; Natural Gas was down four cents; Heating Oil was up one cent; and, Gasoline was unchanged.  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.

August NYMEX Natural Gas Futures Contracts Closed at $3.017 on Thursday, July 20th

July 21, 2017

Thursday, July 20th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.071, slightly above Wednesday’s closing price of $3.067.  Prices rose steadily through the morning to plateau at $3.114 soon after the weekly storage report was released. A sharp dip then brought the contract down to $3.051 by 11:30AM. Prices rallied for the next hour before tumbling downward to mark the intraday low of $3.017 around 2:40PM.  August closed lower on Thursday at $3.043.

The EIA Natural Gas Storage Report published on Thursday showed a 28 BCF injection to storage for the week ended July 14th – below the market estimate of 32 BCF. Total working gas in storage was reported as 2,973 BCF; 9.1% below this time last year and 5% above the five-year average

This morning in Globex, WTI Crude was down 38 cents; Natural Gas was down one cent; Heating Oil was down two cents; and, Gasoline was down two cents.

New York basis values were lower for the remaining summer months and unchanged for the coming winter season, whereas New England basis values were lower for all seasons.  Additionally, cash prices were lower in both regions.

August NYMEX Natural Gas Futures Contracts Closed at $3.066 on Wednesday, July 19th

July 20, 2017

Wednesday, July 19th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.098, a penny above Tuesday’s closing price of $3.088.  Unstable trading over the day’s initial thirty minutes subsided as prices rose to a near three-week high of $3.101 at 9:40AM.  Bolstered by increasingly warm forecasts that will cover much of the country, traders did their part to prevent any significant losses as the contract skimmed lower into the afternoon.  August closed lower on Wednesday at $3.066.

The EIA Natural Gas Storage Report is due out at 10:30AM today.  The report is expected to show a 32 BCF injection to storage for the week ended July 14th.  This compares to a 34 BCF injection at this time last year and a five-year average injection amount of 59 BCF.

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

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


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.

August NYMEX Natural Gas Futures Contracts Closed at $3.088 on Tuesday, July 18th

July 19, 2017

Tuesday, July 18th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.078, six cents above Monday’s closing price of $3.020.  Building upon Monday’s weather-fueled momentum, prices tallied the intraday high of $3.094 within minutes of opening.  Attempting to surpass this high multiple times through the morning, prices then slid to trade along $3.080 until sinking to the intraday low of $3.073 at 1:20PM.  August closed higher on Tuesday at $3.088.

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

August NYMEX Natural Gas Futures Contracts Closed at $3.020 on Monday, July 17th

July 18, 2017

Monday, July 17th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.000, two cents above Friday’s closing price of $2.980.  After falling to the intraday low of $2.994 as markets opened, prices then mounted a steady ascent to reach the intraday high of $3.049, as weather-induced demand persists for much of the country.  Losing momentum to cross midday near the $3.02 mark, the contract remained ultimately unchanged by 2:30PM as August closed higher on Monday at $3.020.

This morning in Globex, WTI Crude was up 63 cents; Natural Gas was up six cents; Heating Oil was up two cents; and, Gasoline was up two cents.

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

August NYMEX Natural Gas Futures Contracts Closed at $2.980 on Friday, July 14th

July 17, 2017

Friday, July 14th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.953, a penny below Thursday’s closing price of $2.961.  Building from the intraday low of $2.952 early on to reach the intraday high of $3.000 by 10:10AM, growth was supported by continued expectations of high demand in the coming weeks.  Sinking below $2.970 in the following thirty minutes, the contract then narrowed its sights to seesaw along $2.985 through the afternoon.  Finishing higher on Friday, August closed at $2.980.

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

August NYMEX Natural Gas Futures Contracts Closed at $2.961 on Thursday, July 13th

July 14, 2017

Thursday, July 13th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.965, two cents below Wednesday’s closing price of $2.985.  Balanced trading through the day’s opening hour recorded the intraday low of $2.952 before ascending to the $2.98 level ahead of 10:30AM.  Jumping as high as $3.009 as the storage report hit the wire, prices then plotted a staggered climb to reach the intraday high of $3.020 by 11:20AM.  Struggling to maintain $3.00 as the afternoon went on, August ultimately withdrew to close lower on Thursday at $2.961.

The EIA Natural Gas Storage Report published on Thursday showed a 57 BCF injection to storage for the week ended July 7th – below the market estimate of 60 BCF. Total working gas in storage was reported as 2,945 BCF; 8.9% below this time last year and 6.2% above the five-year average.

This morning in Globex, WTI Crude was up 55 cents; Natural Gas was unchanged; 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.

August NYMEX Natural Gas Futures Contracts Closed at $2.985 on Wednesday, July 12th

July 13, 2017

Wednesday, July 12th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.002, more than four cents below Tuesday’s closing price of $3.047.  Diminished in overnight trading as profit-taking took hold and fluctuating within two cents of $3.00 through the day’s opening hour, prices rose to tally the intraday high of $3.016 by 10:00AM.  Trailing downward to $2.990 by midday and marking the intraday low of $2.970 forty minutes later, August closed lower on Wednesday at $2.985.

The EIA Natural Gas Storage Report is due out at 10:30AM today.  The report is expected to show a 60 BCF injection to storage for the week ended July 7th.  This compares to a 64 BCF injection at this time last year and a five-year average injection amount of 72 BCF.

This morning in Globex, WTI Crude was down 42 cents; Natural Gas was down three cents; Heating Oil was down one cent; and, Gasoline was down one cent.

New York and New England basis values were slightly lower 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.

August NYMEX Natural Gas Futures Contracts Closed at $2.929 on Monday, July 10th

July 11, 2017

Monday, July 10th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.925, six cents above Friday’s closing price of $2.864.  Propped up by bullish weather expectations for the coming weeks that will cover much of the country, prices rose from the intraday low of $2.908 at 9:10AM to post a hesitant ascent into the morning.  Reaching its zenith of $2.946 near midday, a slight descent over the balance of the day saw August close higher on Monday at $2.929.

This morning in Globex, WTI Crude was down 37 cents; Natural Gas was up five cents; Heating Oil was down one cent; and, Gasoline was down two 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.

August NYMEX Natural Gas Futures Contracts Closed at $2.864 on Friday, July 7th

July 10, 2017

Friday, July 7th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.945, nearly six cents above Thursday’s closing price of $2.888.  Extending to the intraday high of $2.947 by 9:20AM, the contract then tumbled lower to reach $2.925 by 10:00AM.  Trading sideways as the bearish storage report was published, prices sank as low as $2.880.  Mounting a meek recovery to $2.915 through 11:00AM, August proceeded to tumble lower into the afternoon.  Marking the intraday low of $2.847 ahead of 2:30PM, the August contract finished the week lower at $2.864.

The EIA Natural Gas Storage Report published on Thursday showed a 72 BCF injection to storage for the week ended June 30th – below the market estimate of 65 BCF. Total working gas in storage was reported as 2,888 BCF; 9.0% below this time last year and 6.9% above the five-year average.

This morning in Globex, WTI Crude was down 37 cents; Natural Gas was up six cents; Heating Oil was down one cent; and, Gasoline was down two 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.