September NYMEX Natural Gas Futures Contract Closed at $2.128 on Thursday, August 8th

Thursday, August 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.108, more than two cents above Wednesday’s closing price of $2.083.  Falling to an intraday low of $2.095 by 10:00AM, the weekly storage then induced buying thirty minutes later as it came in on the lower end of expectations.  Climbing to an intraday high of $2.155 by 11:10AM, the contract stabilized near this mark until 12:30PM, when modest selling took hold.  September closed higher on Thursday at $2.128.

The EIA Natural Gas Storage Report published on Thursday showed a 55 BCF injection to storage for the week ended August 2nd – below the market estimate of 61 BCF.  Total working gas in storage was reported as 2,689 BCF; 14.6% above this time last year and 4.0% below the five-year average.

As of 8:45AM EST this morning in Globex, WTI Crude was up 66 cents; Natural Gas was down six cents; Heating Oil was up two cents; and Gasoline was up two cents. 
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 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.