NYMEX Natural Gas Futures Contract Settle: -US$0.109/MMBtu at $2.405. High: $2.61. Low: $2.376. Range: $0.234.
Market Fundamentals Prices fell as markets opened yesterday 18:00 February 12th, 2023 but managed to bounce of the $2.50 mark. The same could not be said coming into 8:30, as prices fell to the $2.40 before bouncing to $2.528 and falling once again shortly after. Market participants continue to stay bearish even with the emergence of bullish news. Freeport LNG is well on its way to returning to service. Requests continued to be filed with the FERC for Trains 2 and 3. Train 1 is expected to be online within the next few weeks. ~CL