November NYMEX Natural Gas Futures Contract Closed at $2.238 on Monday, Ocotber 21st

Market Insights
Natural Gas
October 22, 2019
Monday, October 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.263, nearly six cents below Friday’s closing price of $2.320.  Trading near $2.300 an hour ahead of 9:00AM, prices then plummeted in the following hour and through the opening bell to record a ten-day intraday low of $2.213 at 9:10AM.  Attempting to bounce back in the following hours, the contract rose to $2.245 by 11:00AM and traded along this mark for the balance of the day.  The $2.20 level has served as base in the past few weeks as traders attempt to gauge the arrival and impact of colder temperatures.  November closed lower on Monday at $2.238.

As of 8:45AM EST this morning in Globex, WTI Crude was up 49 cents; Natural Gas was up two cents; Heating Oil was up one cent; and Gasoline was up slightly. 

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.