July NYMEX Natural Gas Futures Contract Closed at $1.774 on Monday, June 1st

Monday, June 1st saw the front-month NYMEX Natural Gas Futures Contract open at $1.773, eight cents below Friday’s closing price of $1.849.  Following the previous session’s short-covering rally, the contract fell to an intraday low of $1.754 by 9:15AM.  Mounting a choppy ascent that lasted well into the afternoon as prices tallied an intraday high of $1.824 at 1:20PM, traders are weighing the impact of the businesses slowly reopening, weather forecasts, and the steady decline of LNG exports.  The July contract closed lower on Monday at $1.774.

As of 7:55AM EST this morning in Globex, WTI Crude was up 88 cents; Natural Gas was unchanged; Heating Oil was up five cents; and Gasoline was up four 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.
 

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.