May NYMEX Natural Gas Futures Contract Closed at $3.527 on Friday, April 11th

Friday, April 11th saw the front-month NYMEX Natural Gas contract open at $3.454, $0.103 cents below Thursday’s closing price of $3.557. Marking the intraday low of $3.435 at 9:30AM and the intraday high of $3.572 nearly twenty minutes later, the contract traded within a tight band near $3.480 for the balance of the day. Despite supportive fundamentals from production levels and weather forecasts, the analysts are attributing the overnight losses to an alignment with broader equity markets. May closed lower on Friday at $3.527; down 8.1% on the week.

The EIA Natural Gas Storage Report published last Thursday posted a 57 BCF injection to storage for the week ended April 4 – below the market estimate of a 65 BCF injection. Total working gas in storage was reported as 1,830 BCF; 19.7% below this time last year and 2.1% below the five-year average.

As of 7:05AM this morning in Globex, WTI Crude was up $0.890; Natural Gas was down $0.022; Heating Oil was up $0.037; and Gasoline was up $0.045.

                                                                                           
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.

Related Articles

Oil Market Trades Sideways Amid Tariff Uncertainty and Mixed Signals

April 15th, 2025
May NYMEX Natural Gas Futures Contract Closed at $3.325 on Monday, April 14th

April 15th, 2025
Concerns of an Escalating Trade War Between the U.S. and China

April 14th, 2025
The Markets Reassessed the Details of a Planned Reprieve

April 11th, 2025
May NYMEX Natural Gas Futures Contract Closed at $3.557 on Thursday, April 10th

April 11th, 2025
The Market Bounced Off Four-Year Lows, Breaking a Losing Streak

April 10th, 2025
May NYMEX Natural Gas Futures Contract Closed at $3.816 on Wednesday, April 9th

April 10th, 2025
Fears of a Recession Offset a Stock Market Rebound

April 9th, 2025
May NYMEX Natural Gas Futures Contract Closed at $3.465 on Tuesday, April 8th

April 9th, 2025
The Oil Market Continued to React to Sweeping Tariffs

April 8th, 2025