August NYMEX Natural Gas Futures Contract Closed at $4.102 on Monday, July 26th

Monday, July 26th saw the front-month NYMEX Natural Gas Futures Contract open at $4.163, above Friday’s closing price of $4.060.  Ascending to another two-and-a-half year intraday high of $4.187 minutes after the opening bell, the contract then posted a steep decline as the contract plummeted to the intraday low of $4.033 ahead of 11:00AM.  Crossing midday near $4.070 and continuing upward to the $4.100 level ahead of 2:30PM, August closed higher for the seventh consecutive session on Monday at $4.102.

As of 6:25AM EST this morning in Globex, WTI Crude was unchanged; Natural Gas was down one cent; Heating Oil was up slightly; and Gasoline was up one cent.
 
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.