Friday, October 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.296, two cents below Thursday’s closing price of $2.316. Falling to an intraday low of $2.273 shortly after the opening bell, prices rose in the following thirty minutes to record the intraday high of $2.321. The contract remained within the previous sessions low and high for the rest of the day as anticipated short-term demand is bookended by mild temperatures. Retreating to $2.286 by 10:00AM, the contract proceeded to trade gradually higher above $2.300 for the majority of the session. November close lower on Friday at $2.300, down two cents on the week.
As of 8:45AM EST this morning in Globex, WTI Crude was down 11 cents; Natural Gas was up eight cents; Heating Oil was down one cent; and Gasoline was down slightly.
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.