NYMEX Natural Gas Futures Contract Prompt month April 2023 -US$0.039/MMBtu at $1.991 closed off the board today!| Summer 2023 +$0.058 at $2.62, Winter 2023 +$0..04 at $3.614
Market Fundamentals April 2023 options expired yesterday and the story continued into the April 23 Nymex contract closing down as options are off the table. Traders view the low natural gas price will shift more power production from other sources to gas fired generation. An interesting note; normally power prices are in line with natural gas. Power prices have remained unchanged! Enjoy our blast of winter as we roll into the spring. (RS)