July NYMEX Natural Gas Futures Contract Closed at $2.357 on Monday, June 10th

Monday, June 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.350, more than a penny above Friday’s closing price of $2.337.  With hopes of warmer temperatures arriving for the second half of June, the contract posted a staggered ascent throughout the day as each round of buying drove prices cautiously higher.  Tallying an intraday low of $2.334 at 10:30AM and an intraday high of $2.365 nearly an hour later, prices swung along either side of $2.350 as the afternoon drew on as July closed higher on Monday at $2.357.

As of 8:55AM EST this morning in Globex, WTI Crude was up 68 cents; Natural Gas was up one cent; Heating Oil was up two cents; and Gasoline was up two 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.
 

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.