September 12, 2019
Wednesday, September 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.542, four cents below Tuesday’s closing price of $2.580. Searching for direction early on, prices rose above $2.570 before falling to an intraday low of $2.537 at 9:20AM. Posting a staggered ascent to an intraday high of $2.596 nearly two hours later, volatility continued into the afternoon as the contract fell to the $2.55 level after midday and traded sideways until 2:30PM. October closed lower on Wednesday at $2.552.
The EIA Natural Gas Storage Report is due out at 10:30AM today. The report is expected to show an 83 BCF injection to storage for the week ended September 6th. This compares to a 69 BCF injection at this time last year and a five-year average injection amount of 73 BCF.
As of 8:45AM EST this morning in Globex, WTI Crude was down $1.15; Natural Gas was down 3 cents; Heating Oil was down 4 cents; and Gasoline was down 4 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.