Monday, July 24th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.947, two cents below Friday’s closing price of $2.970. Losing two cents as markets opened, a staggered ascent to the intraday high of $2.955 by 9:50AM was dampened by cooler forecasts covering much of the northeast. Trailing downward to cross midday near the $2.90 level, prices stabilized until 1:00PM as the contract retreated further. Recording to a two-week intraday low of $2.880 at 2:10PM, August closed lower on Monday at $2.899.
This morning in Globex, WTI Crude was up 78 cents; Natural Gas was up four cents; Heating Oil was up two cents; 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 email@example.com or call 1-855-466-2842.