August NYMEX Natural Gas Futures Contract Closed at $3.674 on Friday, July 16th

Market Insights
Natural Gas
July 19, 2021
Friday, July 16th saw the front-month NYMEX Natural Gas Futures Contract open at $3.642, three cents above Thursday’s closing price of $3.614.  Marking the intraday low as markets opened, the contract chopped around the $3.660 level for the majority of the day as cooler temperatures are expected to cover key demand areas in the short-term.  Tallying the intraday high of $3.679 at 2:10PM, August closed higher on Friday at $3.674.

The EIA Natural Gas Storage Report published on Thursday showed a 55 BCF injection to storage for the week ended July 9th – above the market estimate of 50 BCF.  Total working gas in storage was reported as 2,631 BCF; 17.1% below this time last year and 6.7% below the five-year average.

As of 6:50AM EST this morning in Globex, WTI Crude was down $1.98; Natural Gas was up five cents; Heating Oil was down five cents; and Gasoline was down five 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.