May NYMEX Natural Gas Futures Contract Closed at $3.245 on Thursday, April 17th

Thursday, April 17th saw the front-month NYMEX Natural Gas contract open at $3.219, $0.028 cents below Wednesday’s closing price of $3.247. Recording the intraday low of $3.199 within minutes of the opening bell, prices rose to trade near $3.265 ahead of the weekly storage publication. Jumping to the intraday high of $3.322 following the bullish storage print, the contract withdrew to cross midday at $3.287. Trading within a tight band along $3.250 heading into the close, comfortable weather forecasts and weak demand overshadowed the seasonally small injection. May closed nearly flat on Thursday at $3.245.

Markets were closed on Friday, April 18, 2025, in observance of Good Friday.

The EIA Natural Gas Storage Report published on Thursday posted a 16 BCF injection to storage for the week ended April 11 – below the market estimate of a 25 BCF injection. Total working gas in storage was reported as 1,846 BCF; 20.6% below this time last year and 3.9% below the five-year average.

As of 7:45AM this morning in Globex, WTI Crude was down $1.590; Natural Gas was down $0.063; Heating Oil was down $0.036; and Gasoline was down $0.039.

                                                                                                       
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.

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