August NYMEX Natural Gas Futures Contract Closed at $3.077 on Wednesday, July 23rd

July 24, 2025

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Wednesday, July 23rd saw the front-month NYMEX Natural Gas contract open at $3.170, $0.082 below Tuesday’s closing price of $3.252. Achieving the intraday high of $3.176 in the session’s opening minutes, the contract trended lower once again as steady production and supply levels outweigh elevated July cooling demand. Stabilizing near $3.080 by 11:00AM, prices traded sideways for the balance of the day. Marking a nearly three-month intraday low of $3.066 at 2:15PM, August closed lower on Wednesday at $3.077.

The EIA Natural Gas Storage Report is due out Thursday at 10:30AM. The report is expected to show a 31 BCF injection to storage for the week ended July 11. This compares to a 22 BCF injection this time last year and a five-year average injection amount of 30 BCF.

As of 8:35AM this morning in Globex, WTI Crude was up $0.760; Natural Gas was up $0.048; Heating Oil was down $0.020; and Gasoline was unchanged.

               
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.

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