Today marked the first day of the September contract trading as the prompt month NYMEX futures. As per usual, the first few days are relatively quiet, with the exception of the U.S. Energy Information Administration’s storage report at 10:30AM. While the estimate was around 19 billion cubic feet (Bcf), the actual injection was only 15 Bcf, signalling the impact of hotter weather and power generation demand. Following this news, the market peaked at a high of US$8.845/MMBtu. The bullish news was ultimately not enough to support prices though as the day settled down $0.42 at $8.134. Tomorrow will most likely be another quiet day, but in the case of any news, we’ll be sure to have you covered! ~CL

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