October NYMEX Natural Gas Futures Contracts Closed at $2.977 on Friday, September 21st

Friday, September 21st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.958, two cents below Thursday’s closing price of $2.976.  Building upon Thursday’s rally, which was in part due to short covering after the EIA storage was largely in line with expectations, prices rose to the intraday high of $2.989 by 9:30AM on Friday morning.  Seesawing along $2.975 for the balance of the day, October closed nearly flat on Friday at $2.977.

This morning in Globex, WTI Crude was up $1.01; Natural Gas was up three cents; Heating Oil was up four cents; and, Gasoline was up three cents.  

Natural Gas Glossary
                                                                                                 
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.
 

Share:
RSS
Follow by Email
Facebook
X (Twitter)

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.