June NYMEX Natural Gas Futures Contract Closed at $1.830 on Tuesday, May 19th

Tuesday, May 19th saw the front-month NYMEX Natural Gas Futures Contract open at $1.837, five cents above Monday’s closing price of $1.783.  Volatile trading took hold throughout the morning, balancing along $1.830 before ultimately slipping to an intraday low of $1.800 at 11:30AM.  Following through on Monday’s rally, prices rose to an intraday high of $1.857 at 2:20PM, as traders weigh a decline in production against expectations for increased demand as the country starts to reopen.  The June contract closed higher on Tuesday at $1.830.

As of 8:05AM EST this morning in Globex, WTI Crude was up 62 cents; Natural Gas was up two cents; Heating Oil was up three cents; and Gasoline was up two cents.

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.