Monday, September 11th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.920, three cents above Friday’s closing price of $2.890. Building from the intraday low of $2.919 as trading began, prices quickly arced upward to reach above $2.945 through 10:00AM. Losing two cents in the following thirty minutes, the market then posted a more balanced ascent to span the day. Marking the intraday high of $2.953 at 1:30PM, October soon stabilized to close higher on Monday at $2.950.
This morning in Globex, WTI Crude was up 10 cents; Natural Gas was up three cents; Heating Oil was down slightly; and, Gasoline was up 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 email@example.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.