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

Tuesday, March 11th saw the front-month NYMEX Natural Gas Futures Contract open at $4.565, up $0.074 compared to Monday’s closing price of $4.491. Recording the intraday high of $4.580 soon after the opening bell, the contract proceeded to step gradually lower throughout the session. Marking the intraday low of $4.388 at 11:00AM before stabilizing near $4.440, analysts continued to worry about production ramping up to prepare for next winter while balancing healthy LNG demand and mild temperatures. April closed lower on Tuesday at $4.453.

The EIA Natural Gas Storage Report is due out Thursday at 10:30AM. The report is expected to show a 48 BCF withdrawal from storage for the week ended March 7. This compares to a 9 BCF withdrawal this time last year and a five-year average withdrawal amount of 56 BCF.

As of 6:45AM this morning in Globex, WTI Crude was up $0.620; Natural Gas was down $0.149; Heating Oil was up $0.017; and Gasoline was up $0.019.


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

Continuing Concerns Over a U.S. Economic Slowdown

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
April NYMEX Natural Gas Futures Contract Closed at $4.399 on Friday, March 7th

March 10th, 2025
EV Blog: Key Steps for Starting Your Electric School Bus Transition

March 7th, 2025
The Latest EIA Oil Inventory Report Showing a Large Build in Crude Stocks

March 7th, 2025
April NYMEX Natural Gas Futures Contract Closed at $4.302 on Thursday, March 6th

March 7th, 2025
The Oil Market Trended Lower for a Fourth Consecutive Session

March 6th, 2025
April NYMEX Natural Gas Futures Contract Closed at $4.450 on Wednesday, March 5th

March 6th, 2025