August NYMEX Natural Gas Futures Contracts Closed at $2.757 on Friday, July 20th

Friday, July 20th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.764, slightly below Thursday’s closing price of $2.769.  Building upon Thursday’s storage induced gains, prices ascended to the intraday high of $2.784 by 9:20AM.  Retreating to fluctuate along the $2.77 mark through 1:30PM, the contract slipped to the intraday low of $2.754 as limited demand is expected in the coming week.  August proceeded to close lower on Friday at $2.757.

This morning in Globex, WTI Crude was up 87 cents; Natural Gas was down four cents; Heating Oil was up three cents; and, Gasoline was up two 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.