NYMEX Natural Gas Futures Contract June prompt month settlement +US$0.001/MMBtu at $2.376, high of $2.47, low of $2.341, traded range of $0.129 | Summer 2023 -$0.014 at $2.563, Winter 2023 -$0.024 at $3.594.
Market Fundamentals Settlements often don’t reflect pricing action throughout the day and today was definitely the case. Natural gas looked bullish this morning as it trended upwards towards the high, but at the time of writing, we trade -$0.018. Temperatures have revised closer to normal, erasing the previous concern over demand bumps in the coming weeks. Additionally, bearish sentiment in Europe sees Dutch TTF prices on the continuous decline. ~CL