Monday, September 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.681, seven cents above Friday’s closing price of $2.614. Driven higher over the weekend in response to the reported drone attacks on Saudi Arabian oil infrastructure, prices fell to $2.655 by 9:20AM and rose to a four-month intraday high of $2.700 at 10:10AM as markets sought direction. Posting a staggered descent from this high, the contract recorded an intraday low of $2.641 shortly after midday and straddled $2.650 until surging above $2.680 ahead of 2:30PM. October closed higher on Monday at $2.681.
As of 8:55AM EST this morning in Globex, WTI Crude was down 81 cents; Natural Gas was down three cents; Heating Oil was down one cent; and Gasoline was unchanged.
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.