May NYMEX Natural Gas MarketWatch 04.08.20

Tuesday, April 7th saw the front-month NYMEX Natural Gas Futures Contract open at $1.798, nearly seven cents above Monday’s closing price of $1.731.  Slipping to an intraday low of $1.785 out of the gate, prices then mounted a staggered ascent that would span into the afternoon.  Crossing midday at $1.818, the contract trended higher once again as below average temperatures cover much of the country and production has slowed.  Peaking at a three-week intraday high of $1.860 at 1:10PM, May closed higher on Tuesday at $1.852.

As of 7:50AM EST this morning in Globex, WTI Crude was up 82 cents; Natural Gas was up three cents; Heating Oil was up slightly; and Gasoline was down slightly.

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.