October NYMEX Natural Gas Futures Contract Closed at $4.568 on Tuesday, September 7th

Market Insights
Natural Gas
September 8, 2021
Tuesday, September 7th saw the front-month NYMEX Natural Gas Futures Contract open at $4.647, nearly seven cents below Friday’s closing price of $4.712. Reaching an intraday high of $4.687 by 9:10AM, the contract then pulled back to arc lower through the morning. Given the previous week’s Hurricane Ida induced rally, dealing with shut-ins and disruptions to production, yesterday’s pullback wasn’t too surprising.  Tallying an intraday low of $4.561 at 2:20PM, October closed lower on Tuesday at $4.568.
As of 6:10AM EST this morning in Globex, WTI Crude was up 79 cents; Natural Gas was up seven cents; Heating Oil was up one cent; 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 natgas@spragueenergy.com or call 1-855-466-2842.