October NYMEX Natural Gas Futures Contract Closed at $2.944 on Thursday, August 28th

août 29, 2025

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Thursday, August 28th saw the front-month NYMEX Natural Gas contract open at $2.888, $0.002 above Wednesday’s closing price of $2.886. Trending lower to record the intraday low of $2.854 at 10:15AM, prices returned to the opening level ahead of the weekly storage report. Surging upward to surpass $2.960 as the bullish report hit the wire, the contract then maintained the rally into the afternoon. Marking the intraday high of $2.999 at 12:45PM, October pulled back ahead of closing to finish higher at $2.944.

Markets will be closed on Monday September 1 in observance of the Labor Day holiday.

The EIA Natural Gas Storage Report published on Thursday posted an 18 BCF injection to storage for the week ended August 22 – in line with the market estimate of a 20 BCF injection. Total working gas in storage was reported as 3,217 BCF; 3.4% below this time last year and 5.0% above the five-year average.

As of 7:55AM this morning in Globex, WTI Crude was down $0.260; Natural Gas was up $0.036; Heating Oil was down $0.015; and Gasoline was up $0.035.

              
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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