January NYMEX Natural Gas Futures Contract Closed at $2.328 on Friday, December 20th

Friday, December 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.319, nearly five cents above Thursday’s closing price of $2.273.  Ascending to an intraday high of $2.336 by 9:20AM, prices then trended downward as the $2.30 level proved supportive.  Marking an intraday low of $2.305 at 11:50AM, indifferent weather forecasts have left markets searching for direction.  Fluctuating on either side $2.320 as the afternoon drew on, January closed higher on Friday at $2.328, up 1.5% on the week.

As of 8:45AM EST this morning in Globex, WTI Crude was up six cents; Natural Gas was down ten cents; Heating Oil was up slightly; and Gasoline was unchanged. 

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.
 
 

Share:
RSS
Follow by Email
Facebook
X (Twitter)

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.