NYMEX Natural Gas Futures Contract Prompt month NYMEX June 2023 settlement -US$0.08/MMBtu at $2.186.
Market Fundamentals Markets were relatively quiet once again. The US Strategic Petroleum Reserve held off replacing supplies drawn down in 2022 and 2023. Crude oil was down as a result, pulling down natural gas accordingly. Storage is expected to be in the 74 BCF range, any volume greater will drive the forward months lower as we refill storage for the 2023-24 winter. (RS)