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 $3.042 on Tuesday, June 6th

June 07, 2017

Tuesday, June 6th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.051, seven cents above Monday’s closing price of $2.982.  Inching upward to the intraday high of 3.053 early on, a staggered descent that spanned the morning hours bottomed out at the intraday low of $3.016 ahead of midday.  Recovering lost ground into the afternoon as traders took advantage of the recently diminished prices, July managed to close higher on Tuesday at $3.042.

This morning in Globex, WTI Crude was down 44 cents; Natural Gas was up three cents; Heating Oil was down one cent; and, Gasoline was down 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 $2.982 on Monday, June 5th

June 06, 2017

Monday, June 5th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.987, a penny below Friday’s closing price of $2.999.  Plotting an unbalanced ascent to the intraday high of $3.021 by 9:50AM, prices slowly deteriorated through the morning to cross midday near $2.990.  Falling to the intraday low of $2.970 forty minutes later, mild forecasts for the coming weeks have driven the July contract to slip below support levels to close lower on Monday at $2.982.

This morning in Globex, WTI Crude was down 13 cents; Natural Gas was up six cents; Heating Oil down one cent; and, Gasoline was down one cent.  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 $2.999 on Friday, June 2nd

June 05, 2017

Friday, June 2nd, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.028, two cents above Thursday’s closing price of $3.008.  Searching for direction in the day’s opening thirty minutes, prices traded within a three-cent range to tag the intraday high of $3.033 whilst gradually losing ground.  Seesawing along the $3.00 mark by 10:00AM and persisting through the afternoon, July closed lower on Friday at $2.999 as the latest forecasts have limited expectations for demand.

This morning in Globex, WTI Crude was down 22 cents; Natural Gas was down three cents; Heating Oil down one cent; and, Gasoline was down one cent.  Additionally, cash prices were lower in New York and New England 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 $3.008 on Thursday, June 1st

June 02, 2017

Thursday, June 1st, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.111, four cents above Wednesday’s closing price of $3.071.  Descending from the intraday high as markets opened, the contract then retreated to the $3.07 mark by 10:00AM.  Holding tight in anticipation of the weekly storage release, a storage injection that read bearish to many drastically diminished prices, sinking as low as $3.003.  Trailing downward to a ten-week intraday low of $2.988 by 11:00AM, July then posted a staggered ascent to span the day, closing lower on Thursday at $3.008.

The EIA Natural Gas Storage Report published on Thursday showed an 81 BCF injection to storage for the week ended May 26th – even with the market estimate. Total working gas in storage was reported as 2,525 BCF; 12.8% below this time last year and 9.8% above the five-year average.

This morning in Globex, WTI Crude was down $1.02; Natural Gas was up two cents; Heating Oil was down two cents; and, Gasoline was down three 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 $3.071 on Wednesday, May 31st

June 01, 2017

Wednesday, May 31st, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.135, a penny below Tuesday’s closing price of $3.145.  With bearish temperatures expected in the coming weeks, the contract once again tallied the intraday high as markets opened and then proceeded to trade lower.  Tumbling as low as $3.063 by 11:00AM, modest buying through midday saw prices reach above the $3.09 mark.  Ultimately losing momentum to find the intraday low of $3.061 at 2:00PM, July closed lower on Wednesday at $3.071.

The EIA Natural Gas Storage Report is due out at 10:30AM today.  The report is expected to show an 81 BCF injection to storage for the week ended May 26th.  This compares to an 82 BCF injection at this time last year and a five-year average injection amount of 97 BCF.

This morning in Globex, WTI Crude was up nine cents; Natural Gas was up four cents; Heating Oil was unchanged; 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.

July NYMEX Natural Gas Futures Contracts Closed at $3.145 on Tuesday, May 30th

May 31, 2017

On Tuesday, May 30th – the July NYMEX Natural Gas Futures Contracts began trading as the prompt month.  Opening at $3.181, thirteen cents below Friday’s closing price of $3.310, a brief uptick to the intraday high of $3.198 soon saw prices trail lower.  Lacking any motivation from the latest forecasts, the contract descended gradually through the balance of the day until hitting a five-week intraday low of $3.142 at 2:20PM.  July closed lower on Tuesday at $3.145.

This morning in Globex, WTI Crude was down $1.08; Natural Gas was down two cents; Heating Oil was down three cents; and, Gasoline was down three 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.

June NYMEX Natural Gas Futures Contracts Settled at $3.236 on Friday, May 26th

May 30, 2017

On Friday, May 26th – settlement day for the June Contract – the front-month NYMEX Natural Gas Futures Contracts opened at $3.203, two cents above Thursday’s closing price of $3.184.  Stretching to reach as high as $3.218 within minutes of opening, the contract slowly descended to find support near $3.175 by 10:00AM.  Skipping along this mark to record the intraday low of $3.167 shortly past midday, prices then rose steadily into the afternoon to tally the intraday high of $3.263, as June settled higher on Friday at $3.236.  The more actively traded July contract closed four cents higher on Friday at $3.310.

The NYMEX was closed on Monday, May 29th 2017 in observance of Memorial Day.

This morning in Globex, WTI Crude was down 34 cents; Natural Gas was down twelve cents; Heating Oil was down two cents; 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.

June NYMEX Natural Gas Futures Contracts Closed at $3.184 on Thursday, May 25th

May 30, 2017

Thursday, May 25th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.251, four cents above Wednesday’s closing price of $3.209.  Recording the intraday high of $3.254 as markets opened, the contract soon withdrew to trade evenly with the prior session’s closing price.  Maintaining $3.205 as the 10:30AM weekly storage release approached, prices then sank as low as $3.165 upon news of a larger-than-expected injection.  Diminishing further into the afternoon to reach the intraday low of $3.145 at 1:10PM, steady gains to finish the day saw June close lower on Thursday at $3.184. 

The EIA Natural Gas Storage Report published on Thursday showed a 75 BCF injection to storage for the week ended May 19th – above the market estimate of 68 BCF. Total working gas in storage was reported as 2,444 BCF; 13.2% below this time last year and 10.9% above the five-year average.

This morning in Globex, WTI Crude was down 15 cents; Natural Gas was unchanged; Heating Oil was down one cent; 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.

June NYMEX Natural Gas Futures Contracts Closed at $3.209 on Wednesday, May 24th

May 25, 2017

Wednesday, May 24th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.212, slightly below Tuesday’s closing price of $3.219.  Losing ground out of the gate, prices fell to the intraday low of $3.176 by 9:10AM.  Weighing changing weather forecasts and expectations for Thursday’s storage report, the contract rose late into the morning to tally the intraday high of $3.241 at the stroke of noon.  Plotting a gradual downward course for the balance of the day, June closed lower on Wednesday at $3.209.

The EIA Natural Gas Storage Report is due out at 10:30AM today.  The report is expected to show a 68 BCF injection to storage for the week ended May 19th.  This compares to a 71 BCF injection at this time last year and a five-year average injection amount of 90 BCF.

This morning in Globex, WTI Crude was down 60 cents; Natural Gas was up one cent; Heating Oil was down slightly; 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.

June NYMEX Natural Gas Futures Contracts Closed at $3.219 on Tuesday, May 23rd

May 24, 2017

Tuesday, May 23rd, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.292, four cents below Monday’s closing price of $3.330.  Ascending through 9:30AM to reach the intraday high of $3.322, traders then reassessed market fundamentals.  Seesawing along $3.310 over the following hour, prices soon plummeted lower to fall below the $3.24 mark by noon.  Struggling to fight this bearish momentum, June sank to the intraday low of $3.217 at 2:20PM, closing down on Tuesday at $3.219.

This morning in Globex, WTI Crude was down 21 cents; Natural Gas was down three cents; Heating Oil was up slightly; and, Gasoline was up slightly as well.  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.