NYMEX Natural Gas Futures Contract Prompt month June contract settlement +US$0.101/MMBtu at $2.238, low of $2.14, high of $2.248, range of $0.108 | Summer 2023 settlement +$0.092 at $2.448, Winter 2023 settlement +$0.048 at $3.489.
Market Fundamentals Temperatures are up for this week, but limited additions to demand are expected. Prices continue to recover after falling four straight days Monday to Thursday last week. A part of the upward move today comes from the continued wildfire rage in Alberta that has cut approximately 3 Bcf/d of production. Return is expected soon so prolonged bullishness is unlikely as prices continue to trade at these low levels. ~CL