November NYMEX Natural Gas Futures Contract Closed at $5.590 on Wednesday, October 14th

Market Insights
Natural Gas
October 14, 2021
Wednesday, October 13th saw the front-month NYMEX Natural Gas Futures Contract open at $5.481, two cents below Tuesday’s closing price of $5.505. Losing ground early on as weather forecasts remain bearish for most of the country, prices slipped to an intraday low of $5.353 at 10:20AM.  Posting a steady ascent that would span the balance of the day, the contract tallied an intraday high of $5.600 before closing higher on Wednesday at $5.590.
The EIA Natural Gas Storage Report is due out on Thursday at 10:30AM. The report is expected to show a 111 BCF injection to storage for the week ended October 8. This compares to a 46 BCF injection at this time last year and a five-year average injection amount of 79 BCF.
As of 6:10AM EST this morning in Globex, WTI Crude was up 85 cents; Natural Gas was up 12 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.