November NYMEX Natural Gas Futures Contract Closed at $4.266 on Monday, November 3rd

November 4, 2025

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Monday, November 3rd saw the front-month NYMEX Natural Gas contract open at $4.163, $0.039 above Friday’s closing price of $4.124. Pulling back through the opening hour to record the intraday low of $4.110 at 9:55AM, the contract proceeded to mount a rally that would span into the afternoon. Tallying a fresh seven-month intraday high of $4.290 at 12:30PM, traders were emboldened by near-record LNG demand and long-term forecasts for below average temperatures to start December. Trading largely sideways to close out the day, December closed higher on Monday at $4.266.

The EIA Natural Gas Storage Report published last Thursday posted a 74 BCF injection to storage for the week ended October 24 – even with the market estimate of a 74 BCF injection. Total working gas in storage was reported as 3,882 BCF; 0.8% above this time last year and 4.6% above the five-year average.

As of 6:15AM this morning in Globex, WTI Crude was down $1.020; Natural Gas was down $0.031; Heating Oil was down $0.025; and Gasoline was down $0.024.

               
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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.

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