Market Intel

October NYMEX Natural Gas Futures Contracts Closed at $3.000 on Wednesday, September 6th

Sep 07, 2017

Wednesday, September 6th – saw the front-month NYMEX Natural Gas Futures Contracts open at $3.000, three cents above Tuesday’s closing price of $2.972.  Emboldened by the latest news regarding Hurricane Irma, prices shot upward early on to reach the intraday high of $3.031 by 9:20AM.  Tumbling to the intraday low of $2.980 forty minutes later, the contract stabilized near $3.005 by noon and traded sideways for the balance for the day, as October closed higher on Wednesday at $3.000.

The EIA Natural Gas Storage Report is due out at 10:30AM today.  The report is expected to show a 62 BCF injection to storage for the week ended September 1st.  This compares to a 36 BCF injection at this time last year and a five-year average injection amount of 58 BCF.

This morning in Globex, WTI Crude was down 42 cents; Natural Gas was up two cents; Heating Oil was up slightly; and, Gasoline was up one cent.  Additionally, cash prices were higher in New York and lower in New England.


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.