September NYMEX Natural Gas Futures Contract Closed at $3.106 on Thursday, July 31st

août 1, 2025

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Thursday, July 31st saw the front-month NYMEX Natural Gas contract open at $3.041, $0.004 below Wednesday’s closing price of $3.045. Trading along either side of $3.010 leading up to the weekly storage publication, prices then fell to a fresh three-month intraday low of $2.972 as the report hit the wire. Shaking off news of the bearish injection, traders focused on a forecasted increase in near-term cooling demand. Crossing midday at $3.065, prices rallied to achieve an intraday high of $3.114 at 1:25PM. September closed higher on Thursday at $3.106.

The EIA Natural Gas Storage Report published last Thursday posted a 48 BCF injection to storage for the week ended July 25 – above the market estimate of a 34 BCF injection. Total working gas in storage was reported as 3,123 BCF; 3.8% below this time last year and 6.7% above the five-year average.

As of 10:10M this morning in Globex, WTI Crude was down $1.550; Natural Gas was down $0.046; Heating Oil was down $0.074; and Gasoline was down $0.057.

              
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.

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