March NYMEX Natural Gas Futures Contract Closed at $2.882 on Monday, February 8th

Monday, February 8^th saw the front-month NYMEX Natural Gas Futures Contract open at $2.916, nearly five cents above Friday’s closing price of $2.863. Recording an intraday high of $2.930 within the session’s opening minutes, the contract then trended lower until finding support near $2.885 at 9:30AM. Falling to an intraday low of $2.844 at 12:20PM, March closed higher on Monday at $2.882.

As of 7:15AM EST this morning in Globex, WTI Crude was unchanged; Natural Gas was down six cents; Heating Oil was up three cents; 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.