August NYMEX Natural Gas Futures Contracts Closed at $2.870 on Tuesday, July 3rd

Tuesday, July 3rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.863, nearly even to Monday’s closing price of $2.862.  Descending to the intraday low of $2.852 minutes after the day’s session opened, oversold sentiments soon drove the contract upward.  Trading sideways near $2.875 through 11:30AM, prices then shot up to the intraday high of $2.903 at 12:10PM.  Losing support as the afternoon drew on, August managed to close higher on Tuesday at $2.870.

The NYMEX was closed yesterday, July 4th in observance of the Independence Day holiday.

This morning in Globex, WTI Crude was up 20 cents; Natural Gas was up one cent; Heating Oil was up two cents; and, Gasoline was up one cent.  Additionally, cash prices were lower in New York and New England.
 
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.
 

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.