Today’s Natural Gas MarketWatch Report

By tri — In News, Portal — December 16, 2018

Wednesday, October 31st saw the front-month NYMEX Natural Gas Futures Contracts open at $3.236, five cents above Tuesday’s closing price of $3.187.  Experiencing choppy trading through the morning as analysts weighed weather and storage expectations, the contract slipped to the intraday low of $3.207 shortly after 10:00AM and recovered to the $3.24 level by midday.  Posting an intraday high of $3.275 at 1:00PM, December closed higher on Wednesday at $3.261.

The EIA Natural Gas Storage Report is due out at 10:30AM today.  The report is expected to show a 53 BCF injection to storage for the week ended October 26th.  This compares to a 65 BCF injection at this time last year and a five-year average injection amount of 62 BCF.

This morning in Globex, WTI Crude was down 31 cents; Natural Gas was up three cents; Heating Oil was down one cent; and Gasoline was down slightly.

New York and New England basis values were lower for all seasons.  Additionally, cash prices were lower in New York and New England.

Click here for our quarterly Regulatory Matters publication (updated 10.08.18)

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.

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