October NYMEX Natural Gas Futures Contract Closed at $6.828 on Friday, September 23rd

Friday, September 23rd saw the October NYMEX Natural Gas Futures Contract open at $6.923, seventeen cents below Thursday’s closing price of $7.089. Healthy production and continued comfortable weather conditions directed prices lower throughout the week, marking an intraday low of $6.737 at 9:40AM and an intraday high of $7.048 at 10:25AM. October closed lower on Friday, at $6.828; down 12% on the week.

The EIA Natural Gas Storage Report published on Thursday showed a 103 BCF injection to storage for the week ended September 16 – above the market estimate of 94 BCF. Total working gas in storage was reported as 2,874 BCF; 6.4% below this time last year and 10.4% below the five-year average.

As of 8:30AM EST this morning in Globex, WTI Crude was down 58 cents; Natural Gas was down 16 cents; Heating Oil was down four cents; and Gasoline was down two cents.

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