October NYMEX Natural Gas Futures Contract Closed at $9.336 on Monday, August 29th

Monday, August 29th saw the September NYMEX Natural Gas Futures Contract open at $9.044, twenty-five cents below Friday’s closing price $9.296. With minimal trading, the September contract settled higher on Monday at $9.353.

The more-actively traded October contract opened at $9.132, thirteen cents below Friday’s closing price $9.269. Finding support early on to reach the intraday high of $9.550, weekend forecasts sporting additional expected cooling degrees in the short-term provided support. Trading along either side of $9.350 through the afternoon hours, October closed higher on Monday $9.336.

As of 6:45AM EST this morning in Globex, WTI Crude was down $1.78; Natural Gas was 11 cents; Heating Oil was down two cents; and Gasoline was down eight cents.
 
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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.