Market Intel

October NYMEX Natural Gas Futures Contracts Closed at $2.972 on Tuesday, September 5th

Sep 06, 2017

Tuesday, September 5th – saw the front-month NYMEX Natural Gas Futures Contracts open at $2.978, well below Friday’s closing price of $3.070.  Posting significant losses since Friday’s close, bearish weather forecasts for much of the East and the unofficial end of summer have traders reevaluating market fundamentals.  Touching the intraday low of $2.965 as markets opened and reaching up to the intraday high of $2.978 by 10:30AM, October narrowed its focus to seesaw along $2.975 for the balance of the day, closing lower on Tuesday at $2.972.

This morning in Globex, WTI Crude was up 51 cents; Natural Gas was unchanged; Heating Oil was up one cent; and, Gasoline was down three cents.

New York and New England basis values were higher for the coming winter season and lower for the following summer season.  Additionally, cash prices were higher in both regions.


Natural Gas Glossary

For access to Sprague’s full Natural Gas Market Watch Report including commentary not posted here, please send your request to 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.