Wednesday, January 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.472, seven cents below Tuesday’s closing price of $2.546. Edging lower to mark a three-week intraday low of $2.454 at 10:40AM, traders are losing faith in the arrival of frigid temperatures at the end of the month. Crossing midday near $2.470, prices rose to an intraday high of $2.544 ahead of 2:30PM. February closed lower on Wednesday at $2.539.
As of 6:50AM EST this morning in Globex, WTI Crude was down 40 cents; Natural Gas was down seven cents; Heating Oil was down one cent; and Gasoline was down one cent.
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.