October 5, 2020
Friday, October 2
nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.426, ten cents below Thursday’s closing price of $2.527. Battling back from declines of $0.10 or more in the past two trading days, Friday displayed much of the same resilience as prices marked an intraday low of $2.414 by 9:10AM only to surge to an intraday high of $2.551 by 10:30AM. Natural Gas, like the rest of the market, took a hit Friday morning in response to the President’s positive COVID-19 test results, but the takeaway here should be that the front-month contract for the time being is holding on to the $2.450 level. The November contract closed lower on Friday at $2.438.
As of 8:55AM EST this morning in Globex, WTI Crude was $1.39; Natural Gas was up nine cents; Heating Oil was up four cents; and Gasoline was up five cents.
Natural Gas Glossary
Natural Gas Supplier
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. The views expressed in this material are through the period as of the date of this report and are subject to change based on market and other conditions. This document contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance or results and actual results or developments may differ materially from those projected. The whole or any part of this work may not be reproduced, copied, or transmitted or any of its contents disclosed to third parties without Sprague’s express written consent.