November NYMEX Natural Gas Futures Contract Closed at $5.687 on Thursday, October 15th

Market Insights
Natural Gas
October 15, 2021
Thursday, October 14th saw the front-month NYMEX Natural Gas Futures Contract open at $5.821, twenty-three cents above Wednesday’s closing price of $5.590. Trading sideways near $5.810 heading into the weekly storage publication, prices surged to an intraday high of $5.964 as the bullish report hit the wire. Pulling back for the balance of the day, as weather forecasts remain mild, the contract fell to an intraday low of $5.672 ahead of 2:30PM. November closed higher on Thursday at $5.687.
The EIA Natural Gas Storage Report published on Thursday showed an 81 BCF injection to storage for the week ended October 8 – below the market estimate of 111 BCF. Total working gas in storage was reported as 3,369 BCF; 12.9% below this time last year and 4.9% below the five-year average.
As of 6:40AM EST this morning in Globex, WTI Crude was up 73 cents; Natural Gas was up four cents; Heating Oil was up two cents; and Gasoline was up one cent. 
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.