January NYMEX Natural Gas Futures Contracts Closed at $3.827 on Friday, December 14th

Friday, December 14th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.951, seventeen cents below Thursday’s closing price of $4.124.  Breaking sharply from the bull flag pattern that has held over the last month, mild temperatures that are expected to cover most of the country in the next two weeks diminished prices overnight, despite inventory levels sitting 19.9% below the five-year average.  Falling from the intraday high of $3.956 at 9:10AM, the contract stumbled downward through the day to mark a near five-week intraday low of $3.813 at 1:00PM.  January closed lower on Friday at $3.827, 7.8 % lower on the day and 17.3 % lower on the week.

This morning in Globex, WTI Crude was up 17 cents; Natural Gas was down 13 cents; Heating Oil was up slightly; and Gasoline was up one cent.  
 
 
Natural Gas Glossary
Natural Gas Supplier
                                                                                                 
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.