Natural Gas Prices and Market Volatility Explained

Monday, April 7^th saw the front-month NYMEX Natural Gas contract open at $3.867, $0.030 cents above Friday’s closing price of $3.837. In a volatile session, plagued by ongoing trade wars due to the Trump Administration’s new tariff policies, prices rose to an intraday high of $3.817 at 10:15AM and tallied an intraday low of $3.653 ahead of closing. Mimicking the broader market decline, May closed lower on Monday at $3.655.

The EIA Natural Gas Storage Report published last Thursday posted a 29 BCF injection to storage for the week ended March 28 – in line with the market estimate of a 23 BCF injection. Total working gas in storage was reported as 1,773 BCF; 21.7% below this time last year and 4.3% below the five-year average.

As of 7:30AM this morning in Globex, WTI Crude was up $0.290; Natural Gas was flat; Heating Oil was up $0.016; and Gasoline was up $0.017.

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