October NYMEX Natural Gas Futures Contract Closed at $1.835 on Monday, September 21st

Monday, September 21st saw the front-month NYMEX Natural Gas Futures Contract open at $1.946 ten cents below Friday’s closing price of $2.048 on Friday.  Declining rapidly as markets opened, the threat of tropical storm Beta did little in the way of providing support as prices fell to an eight-week intraday low of $1.795 by 10:40AM.  A recovery effort saw the contract surpass $1.925 ahead of midday, only to collapse once again soon thereafter.  The October contract closed lower on Monday at $1.835.

As of 8:40AM EST this morning in Globex, WTI Crude was up 29 cents; Natural Gas was down one cent; Heating Oil was up slightly; 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.

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.