September NYMEX Natural Gas Futures Contract Closed at $2.451 on Tuesday, August 25th

Tuesday, August 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.539, two cents above Monday’s closing price of $2.513.  Jumping to an intraday high of $2.550 within minutes of 9:00AM, the contract shed eight cents in the following half hour as uncertainty persists.  Hurricane Laura is currently churning in the Gulf of Mexico and has raised production concerns as many platforms have been shut down.  Trading within three cents of $2.480 for the duration of the day, prices fell to an intraday low of $2.451 as 11:45AM.  September closed lower on Tuesday at $2.489.  The October contract closed lower as well at $2.596.

As of 8:45AM EST this morning in Globex, WTI Crude was down 16 cents; Natural Gas was up five cents; Heating Oil was down one cent; and Gasoline was down one cent.

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.
 

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.