NYMEX Natural Gas Futures Contract The prompt month February NYMEX Futures contract traded over a wide US$0.339/MMBtu range today, hitting a high of $3.946 and a low of $3.607. The contract ultimately settled at $3.695 though, only up $0.024 from yesterday,
Fundamentals Storage was released today and due to warm weather last week, an injection of 11 billion cubic feet (Bcf) was recorded. Working gas in storage is now at 2,902 as of January 6th, 2023, 140 Bcf less than this time last year and 40 Bcf less than the 5-year average. Next week sees an early estimate returning to withdrawals, spanning in the 70 Bcf range. ~CL