Monday, July 13th saw the front-month NYMEX Natural Gas Futures Contract open at $1.775, three cents below Friday’s closing price of $1.805. Mounting a staggered ascent to reach an intraday high of $1.815 by 10:00AM, support soon faded as worries over COVID-19 related “demand destruction” outweighed optimism for increased usage due to summer cooling demand. Choppy trading ensued throughout the afternoon as the contract trended lower. Falling to an intraday low of $1.735 ahead of 2:30PM, August closed lower on Monday at $1.739.
As of 7:20AM EST this morning in Globex, WTI Crude was down 43 cents; Natural Gas was down two cents; Heating Oil was down one cent; and Gasoline was down three 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.