December NYMEX Natural Gas Futures Contracts Closed at $3.788 on Monday, November 12th

Monday, November 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.833, roughly eleven cents above Friday’s closing price of $3.719.  Spurred on by increasingly cold forecasts to cover key demand parts of the country over the next two weeks, prices tallied the highest intraday mark since December of 2016 ($3.834) within minutes of opening.  Experiencing volatility throughout the morning as traders gauged the unseasonably cold weather expectations, the contract dropped ten cents shortly after midday to mark the intraday low of $3.735.  Bouncing back over the balance of the day, December closed higher on Monday at $3.788.

This morning in Globex, WTI Crude was down $1.08; Natural Gas was up 24 cents; Heating Oil was down two cents; and Gasoline was down three 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.