April NYMEX Natural Gas Futures Contract Closed at $4.658 on Monday, March 14th

Monday, March 14th saw the April NYMEX Natural Gas Futures Contract open at of $4.609 eleven cents below Friday’s closing price of $4.725. Knocked down overnight by bearish forecasts to cover the second half of March, an ascent to the intraday high of $4.699 at 9:50AM soon lost momentum. Falling to the intraday low of $4.562 by midday, April rose higher throughout the afternoon to close lower on Monday at $4.658.

As of 7:35AM EST this morning in Globex, WTI Crude was down $8.85; Natural Gas was down 13 cents; Heating Oil was down 30 cents; and Gasoline was down 22 cents.
 
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.