June NYMEX Natural Gas Futures Contract Closed at $2.400 on Monday, May 22nd

Monday, May 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.487, ten cents below Friday’s closing price of $2.585. Tallying the intraday high of $2.488 within minutes of the opening, as forecasts for early June remain unsupportive, prices dwindled lower through the morning. Marking the intraday low of $2.367 at 11:15AM, the contract traded sideways along the $2.395 mark for the balance of the day. June closed lower on Monday at $2.400; down 7% on the day, but still up 1% vs. last Monday.

As of 7:10AM EST this morning in Globex, WTI Crude was up 48 cents; Natural Gas was down three cents; Heating Oil was up one cent; and Gasoline was up four cents.

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.
 

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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.