October NYMEX Natural Gas Futures Contract Closed at $4.938 on Friday, September 10th

Market Insights
Natural Gas
September 13, 2021
Friday, September 10th saw the front-month NYMEX Natural Gas Futures Contract open at $4.993, four cents below Thursday’s closing price of $5.031. Tallying an intraday high of $5.008 by 9:15AM, prices drifted lower throughout the session on Friday following a whirlwind week. Fundamentals remained largely unchanged. Marking an intraday low of $4.913 at 12:10PM, October closed lower on Friday at $4.938, up nearly 5% on the week.
The EIA Natural Gas Storage Report published on Thursday showed a 52 BCF injection to storage for the week ended September 3rd – below the market estimate of 36 BCF. Total working gas in storage was reported as 2,923 BCF; 16.8% below this time last year and 7.4% below the five-year average.
As of 6:10AM EST this morning in Globex, WTI Crude was up 89 cents; Natural Gas was up three 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 natgas@spragueenergy.com or call 1-855-466-2842.