NYMEX Natural Gas Futures Contract Red across the board, Mar23 -US$0.114/MMBtu to $2.275. Summer 23 -$0.136, Winter 23 -$0.103.

Market Fundamentals What a way to end the week, natural gas fell to 29-month lows today, bouncing of $2.22 late in the day. The settle in the Mar23 contract was the lowest settle since September 28th, 2020. Weather continue to show warmth, and the smaller than usual storage withdrawal yesterday now leads to a 9% surplus in storage to the five-year average. ~CL

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