October NYMEX Natural Gas Futures Contracts Closed at $2.269 on Friday, September 11th

Friday, September 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.294, three cents below Thursday’s closing price of $2.323.  Jumping to an intraday high of $2.335 within minutes of the opening bell, prices fell to trade near $2.275 by 10:00AM and persisted along this mark into the afternoon.  Attempting to hold back additional losses as shoulder-month weather reduces demand and no tropical storms are currently threatening, the October contract finished 12% lower on the week, closing at $2.269 on Friday.

As of 8:45AM EST this morning in Globex, WTI Crude was down 34 cents; Natural Gas was up ten cents; Heating Oil was down slightly; 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 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.