January NYMEX Natural Gas Futures Contracts Closed at $4.339 on Monday, December 3rd

Monday, December 3rd saw the front-month NYMEX Natural Gas Futures Contracts open at $4.297, nearly thirty-two cents below Friday’s closing price of $4.612.  Facing significantly diminished prices as pre-market trading began Monday morning, traders continued to gauge the possibility of a mid-month thaw following the cold that is currently moving eastward through the Midwest.  The contract rose to the intraday high of $4.394 ahead of 10:00AM, stepped downward to the intraday low of $4.243 by 1:20PM, and recovered in the subsequent forty minutes before closing lower on Monday $4.339.

This morning in Globex, WTI Crude was up 76 cents; Natural Gas was up 22 cents; Heating Oil was up four cents; and Gasoline was 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.