May NYMEX Natural Gas Futures Contract Closed at $5.712 on Monday, April 4th

Monday, April 4th saw the May NYMEX Natural Gas Futures Contract open at of $5.791, seven cents above Friday’s closing price of $5.720. Seeking direction early on, prices fell to $5.718 by 9:15AM and notched an intraday high of $5.857 forty-five minutes later. Tallying the intraday low of $5.680 at 11:00AM, the contract proceeded to trade along the $5.77 level for the majority of the afternoon as forecasts remain mild and production remains steady. May closed lower on Monday at $5.712.

As of 6:30AM EST this morning in Globex, WTI Crude was up $1.33; Natural Gas was up 14 cents; Heating Oil was up slightly; and Gasoline up four cents.
 
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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.