NYMEX Natural Gas Futures Contract Prompt month Apr23 contract +$0.064/MMBtu at $2.811. Summer 23 +$0.078, Winter 23 +$0.058.
Market Fundamentals Weather continues to push colder in the 11 to 15-day period. If the trend persists, expectations are that the week ending March 17th could be colder than the week of January 27th. This would help in lowering the current storage surplus and tightening balances somewhat going into this summer and beyond, which corresponds with price increases further out on the curve. Tomorrow will be another U.S. EIA storage report day, with early withdrawal forecasts sitting around 80 Bcf. ~CL