August NYMEX Natural Gas Futures Contracts Closed at $2.752 on Friday, July 13th

Friday, July 13th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.781, nearly two cents below Thursday’s closing price of $2.797.  Marking the intraday high of $2.791 within the day’s opening minutes, downward pressure soon returned to the recently diminished contract, which many would argue is oversold.  Trading sideways along $2.770 through the morning until 1:00PM, the contract then slid further into the afternoon to record a fresh two-month intraday low of $2.751.  August closed lower on Friday at $2.752.

This morning in Globex, WTI Crude was down $1.63; Natural Gas was down one cent; Heating Oil was down four cents; and, Gasoline was down five cents. 
 
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. The views expressed in this material are through the period as of the date of this report and are subject to change based on market and other conditions. This document contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance or results and actual results or developments may differ materially from those projected. The whole or any part of this work may not be reproduced, copied, or transmitted or any of its contents disclosed to third parties without Sprague’s express written consent.