December NYMEX Natural Gas Futures Contract Closed at $6.369 on Thursday, November 17th

Thursday, November 17th saw the December NYMEX Natural Gas Futures Contract open at $6.306, eleven cents above Wednesday’s closing price of $6.200. Trading along either side of $6.735 heading into 10:30AM, prices fell to an intraday low of $6.226 in the minutes following the weekly storage publication. Recovering soon thereafter, the contract rose to an intraday high of $6.547. Losing ground ahead of closing, December finished higher on Thursday at $6.369.

The EIA Natural Gas Storage Report published on Thursday showed a 64 BCF injection to storage for the week ended November 11 – in line with the market estimate of 61 BCF. Total working gas in storage was reported as 3,644 BCF; 0.1% above this time last year and 0.2% below the five-year average.

As of 7:30AM EST this morning in Globex, WTI Crude was down 61 cents; Natural Gas was down 24 cents; Heating Oil was down one cent; and Gasoline was down 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.