NYMEX Natural Gas Futures Contract June prompt month contract -US$0.011/MMBtu at $2.365., high of $2.435, low of $2.322, trading range of $0.113 | Summer 2023 -$0.022 at $2.54, Winter 2023 -$0.041 at $3.553.
Market Fundamentals Today and tomorrow marks a temporary cold shot but weather is set to warm shortly after. In the headlines, Albertan wildfires continue to rage, significantly elevating AECO and Empress prices out west. Production drops in the Lower 48 are attributable to maintenance, and are expected to recover late this week into the weekend. Amidst the rig count drop, volumes continue to hold in the 10 to 101 Bcf/d range. ~CL