September NYMEX Natural Gas Futures Contract Closed at $3.896 on Tuesday, August 24th

Market Insights
Natural Gas
August 25, 2021
Tuesday, August 24th saw the front-month NYMEX Natural Gas Futures Contract open at $3.917, three cents below Monday’s closing price of $3.945.  Attaining an intraday high of $3.944 by 9:20AM, the contract traded along either side of $3.910 for the majority of the day. Traders are currently trying to balance above-average cooling demand while production also picks up. Falling to an intraday low of $3.844 at 1:30PM, September closed lower on Tuesday at $3.896.

The EIA Natural Gas Storage Report is due out on Thursday at 10:30AM. The report is expected to show a 37 BCF injection to storage for the week ended August 20th.  This compares to a 45 BCF injection at this time last year and a five-year average injection amount of 44 BCF.

As of 7:05AM EST this morning in Globex, WTI Crude was up 21 cents; Natural Gas was down one cent; Heating Oil was up one cent; and Gasoline 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.