August NYMEX Natural Gas Futures Contract Closed at $1.779 on Thursday, July 9th

Thursday, July 9th saw the front-month NYMEX Natural Gas Futures Contract open at $1.876, five cents above Wednesday’s closing price of $1.824.  Tallying an intraday high of $1.883 within minutes of the opening bell, prices traded sideways near $1.875 through 10:30AM.  Plummeting lower in the hour following the release of the weekly storage publication, the contract found support near $1.800.  Falling to an intraday low of $1.774 ahead of closing, August closed lower on Thursday at $1.779.

The EIA Natural Gas Storage Report published on Thursday showed a 56 BCF injection to storage for the week ended July 3rd – in line with the market estimate of 57. Total working gas in storage was reported as 3,133 BCF: 28.0% above this time last year and 16.9% above the five-year average.

As of 8:10AM EST this morning in Globex, WTI Crude was down 69 cents; Natural Gas was down two cents; Heating Oil was down one cent; and Gasoline was down one cent.

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 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.