August 10, 2022
Tuesday, August 9
th saw the September NYMEX Natural Gas Futures Contract open at $7.786, twenty cents above Monday’s closing price $7.589. Trading along either side of $7.800 throughout the morning, marking the intraday high of $7.889 at noon, the session lacked any material activity following the volatility seen in the past few days. Traders are seemingly trying to decide if summer is truly behind us, or if there’s another rally to be had. Slipping to an intraday low of $7.687 at 12:50PM, September closed higher on Tuesday at $7.833.
The EIA Natural Gas Storage Report is due out on Thursday at 10:30AM. The report is expected to show a 40 BCF injection to storage for the week ended August 5. This compares to a 49 BCF injection at this time last year and a five-year average injection amount of 45 BCF.
As of 6:55M EST this morning in Globex, WTI Crude was down $1.21; Natural Gas was up two cents; Heating Oil was down five cents; and Gasoline was down 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
natgas@spragueenergy.com or call 1-855-466-2842.
This market update is provided for information purposes only and is not intended as advice on any transaction nor is it a solicitation to buy or sell commodities. Sprague makes no representations or warranties with respect to the contents of such news, including, without limitation, its accuracy and completeness, and Sprague shall not be responsible for the consequence of reliance upon any opinions, statements, projections and analyses presented herein or for any omission or error in fact. The views expressed in this material are through the period as of the date of this report and are subject to change based on market and other conditions. This document contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance or results and actual results or developments may differ materially from those projected. The whole or any part of this work may not be reproduced, copied, or transmitted or any of its contents disclosed to third parties without Sprague’s express written consent.