Friday, October 26th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.143, six cents below Thursday’s closing price of $3.202. Trading lower through 10:20AM as the contract marked the intraday low of $3.102, prices quickly reversed direction with aims to reclaim overnight losses. Surpassing $3.150 by midday and continuing to the intraday high of $3.195 by 1:20PM, short-term below average temperatures continue to provide support. November closed at $3.185 on Friday, lower on the day and nearly seven cents lower on the week. Following a similar trajectory after an overnight decline, the December contract posted a steady recovery through the day to close three cents lower at $3.225.
This morning in Globex, WTI Crude was down 22 cents; Natural Gas was down seven cents; Heating Oil was down two cents; and, Gasoline was up slightly. Additionally, cash prices were lower in New York and New England.
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.
