May 15, 2018

Monday, May 14th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.813, nearly a penny above Friday's closing price of $2.806. Slipping to the intraday low of $2.798 by 9:20AM, the contract soon regained its footing to reach $2.830 twenty minutes later and continued to a three-month intraday high of $2.847 ahead of midday. Supported by expectations of above-average cooling demand for much of the country in the latest short-term forecasts, June closed higher on Monday at $2.842.

This morning in Globex, WTI Crude was up 69 cents; Natural Gas was up one cent; Heating Oil was up one cent; and, Gasoline was up one cent.

Natural Gas Glossary
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. This document may not be reproduced or redistributed, in whole or in part, without the prior written permission of Sprague.

Attachments

  • Original document
  • Permalink

Disclaimer

Sprague Resources LP published this content on 15 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 May 2018 13:57:03 UTC