November NYMEX Natural Gas Futures Contract Closed at $2.234 on Wednesday, October 9th

Market Insights
Natural Gas
October 10, 2019
Wednesday, October 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.267, two cents below Tuesday’s closing price of $2.288.  Ascending to an intraday high of $2.301 by 9:40AM, bulls then seemingly ran out of steam as prices sloped lower until finding support near $2.275.  Trading sideways until midday, the contract retreated further into the day to record an intraday low of $2.229 at 2:10PM.  November closed lower on Wednesday at $2.234.

The EIA Natural Gas Storage Report is due out at 10:30AM today. The report is expected to show a 101 BCF injection to storage for the week ended October 4th. This compares to a 90 BCF injection at this time last year and a five-year average injection amount of 89 BCF.

As of 8:55AM EST this morning in Globex, WTI Crude was up 52 cents; Natural Gas was up one cent; Heating Oil was up one cent; 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.