September 19, 2022
Friday, September 16
th saw the October NYMEX Natural Gas Futures Contract open at $8.022, thirty cents below Thursday’s closing price of $8.324. Lacking any material changes to fundamentals, the contract traded along either side of the $8.00 level through midday; marking an intraday high of $8.068 at 9:20AM. Trending lower into the afternoon, reaching an intraday low of $7.717 at 2:25PM, October closed lower on Friday at $7.764; down 3% on the week.
The EIA Natural Gas Storage Report published on Thursday showed a 77 BCF injection to storage for the week ended September 9 – above the market estimate of 71 BCF. Total working gas in storage was reported as 2,771 BCF; 7.4% below this time last year and 11.3% below the five-year average.
As of 7:05AM EST this morning in Globex, WTI Crude was down $1.77; Natural Gas was down 18 cents; Heating Oil was down three cents; and Gasoline was down six 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.