NYMEX nat gas Oct. futures settle at $2.9440 /MMBtu

NYMEX nat gas Oct. futures settle at $2.9440 /MMBtu

Natural gas futures for October 2025 on the NYMEX (New York Mercantile Exchange) settled at $2.9440 per million British thermal units (MMBtu) on July 2, 2025. This price reflects a slight increase from the opening of the contract, which was set at $2.873/MMBtu on Thursday, July 1, 2025. The market's initial reaction was driven by expectations for the latest government inventory data, with traders anticipating a report from the U.S. Energy Information Administration (EIA) [1].

The October Nymex gas futures contract opened lower on Thursday, indicating that market participants were cautious ahead of the EIA's inventory report. The prompt month futures contract, which is the most actively traded contract, decreased by 1.3 cents to $2.873/MMBtu by 8:40 ET [1]. This downward movement suggests that traders were preparing for potential changes in supply and demand dynamics, as indicated by the EIA's latest inventory data.

The market's cautious approach is also influenced by the broader energy market trends. According to the Natural Gas Intelligence (NGI), production near record highs, and overall demand is expected to ease more, with NGI forecasting a 27 Bcf storage build. These factors contribute to the uncertainty in the natural gas futures market, as traders attempt to anticipate future price movements based on the latest available data [1].

In conclusion, the NYMEX natural gas October 2025 futures contract settled at $2.9440/MMBtu on July 2, 2025, reflecting a cautious market sentiment ahead of the EIA's inventory report. Traders will continue to monitor the latest data and adjust their positions accordingly, as the natural gas market remains dynamic and influenced by various supply and demand factors.

References:
[1] https://naturalgasintel.com/news/october-natural-gas-futures-in-holding-pattern-as-traders-await-eia-print/