Market Intel

September NYMEX Natural Gas Futures Contracts Settled at $2.961 on Tuesday, August 29th

Aug 30, 2017

On Tuesday, August 29th – settlement day for the September Contract – the front-month NYMEX Natural Gas Futures Contracts opened at $2.946, two cents above Monday’s closing price of $2.925.  Emerging into the day’s session in a modest decline, prices marked the intraday low of $2.909 on multiple occasions through 11:30AM.  Tracking steadily higher into the afternoon as the market weighed the impact on production from Tropical Storm Harvey against low cooling demand in much of the country, the contract then launched from the $2.94 level at 2:00PM to reach for the $3.00 mark.  Attaining the intraday high of $2.998 at 2:20PM, September settled higher on Tuesday at $2.961.  The October contract closed two cents higher at $2.983.

This morning in Globex, WTI Crude was down 41 cents; Natural Gas was down three cents; Heating Oil was up four cents; and, Gasoline was up 11 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.

This market update is provided for information purposes only and is not intended as advice on any transaction nor is it a solicitation to buy or sell commodities. Sprague makes no representations or warranties with respect to the contents of such news, including, without limitation, its accuracy and completeness, and Sprague shall not be responsible for the consequence of reliance upon any opinions, statements, projections and analyses presented herein or for any omission or error in fact. This document may not be reproduced or redistributed, in whole or in part, without the prior written permission of Sprague.