November NYMEX Natural Gas Futures Contract Closed at $3.442 on Thursday, October 2nd.

October 3, 2025

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Thursday, October 2nd saw the front-month NYMEX Natural Gas contract open at $3.514, $0.038 above Wednesday’s closing price of $3.476. Following the previous session’s short covering induced rally, prices fell to trade near $3.485 in the hour leading up to the weekly storage report. Surging upward with news of a bearish injection, the contract rose to a fresh 11-week intraday high of $3.585 at 11:15AM. Arcing lower into the afternoon to mark an intraday low of $3.412 at 2:05PM, November closed lower on Thursday at $3.442.

The EIA Natural Gas Storage Report published last Thursday posted a 53 BCF injection to storage for the week ended September 26 – below the market estimate of a 61 BCF injection. Total working gas in storage was reported at 3,561 BCF; 0.6% above this time last year and 5.0% above the five-year average.

As of 7:50AM this morning in Globex, WTI Crude was up $0.250; Natural Gas was down $0.049; Heating Oil was down $0.007; and Gasoline was up $0.017.

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.

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