April NYMEX Natural Gas Futures Contract Closed at $4.104 on Friday, March 14th

Friday, March 14th saw the front-month NYMEX Natural Gas Futures Contract open at $4.028, down $0.083 compared to Wednesday’s closing price of $4.111. Recording the intraday low of $3.964 at 9:55AM, seasonal forecasts for the coming weeks sapped demand from the market. Conversely, strong LNG demand has helped to buoy the market. Prices rose into the afternoon to record the intraday high of $4.141 at 1:15PM. April closed lower on Friday at $4.104; down 6.7% on the week.

The EIA Natural Gas Storage Report published last Thursday posted a 62 BCF withdrawal from storage for the week ended February 28 – above the market estimate of a 48 BCF withdrawal. Total working gas in storage was reported as 1,698 BCF; 27.0% below this time last year and 11.9% below the five-year average.

As of 6:55AM this morning in Globex, WTI Crude was up $0.830; Natural Gas was up $0.080; Heating Oil was up $0.029; and Gasoline was up $0.028.

                                                                                                       
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

Share:
RSS
Follow by Email
Facebook
X (Twitter)

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.

Related Articles

The Market Awaited Further Developments on an End of the Ukraine-Russia War

March 17th, 2025
Focus on Tariffs Raising U.S. Recession Fears

March 14th, 2025
April NYMEX Natural Gas Futures Contract Closed at $4.111 on Thursday, March 13th

March 14th, 2025
The Market Found Some Support on the Dollar’s Recent Weakness

March 13th, 2025
April NYMEX Natural Gas Futures Contract Closed at $4.084 on Wednesday, March 12th

March 13th, 2025
Continuing Concerns Over a U.S. Economic Slowdown

March 12th, 2025
April NYMEX Natural Gas Futures Contract Closed at $4.453 on Tuesday, March 11th

March 12th, 2025
Trade War Developments Continued to Impact the Market

March 11th, 2025
April NYMEX Natural Gas Futures Contract Closed at $4.491 on Monday, March 10th

March 11th, 2025
Russian Deputy Prime Minister’s Suggests OPEC+ Could Reverse its Output Increase

March 10th, 2025