Sprague Resources LP
SRLP
Delayed Nyse - 09/21 10:04:24 pm
27.85USD
+0.18%

Sprague Resources LP : August NYMEX Natural Gas Futures Contracts Closed at $2.829 on Wednesday, July 11th

Envoyer par e-mail
07/12/2018 | 03:58 pm

July 12, 2018

Wednesday, July 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.809, two cents above Tuesday's closing price of $2.788. Trending upward from the intraday low of $2.802 early on, support could be attributed to short covering and profit taking ahead of Thursday's weekly storage report. Trading within a narrow band near $2.825 by 11:30AM, the contract remained largely unchanged for the balance of the day as August closed higher on Wednesday at $2.829.

The EIA Natural Gas Storage Report is due out at 10:30AM today. The report is expected to show a 52 BCF injection to storage for the week ended July 6th. This compares to a 58 BCF injection at this time last year and a five-year average injection amount of 77 BCF.

This morning in Globex, WTI Crude was up 73 cents; Natural Gas was down one cent; Heating Oil was up two cents; and, Gasoline was up two cents.

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.

Disclaimer

Sprague Resources LP published this content on 12 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 July 2018 13:58:11 UTC

Envoyer par e-mail