NYMEX Natural Gas Futures Contract Prompt month Jul23 +US$0.017/MMBtu at $2.262, low of $2.173, high of $2.291, range of $0.118 | Summer 23 +$0.017 at $2.395, Winter 23 -$0.008 at $3.431.
Market Fundamentals Weather temperatures continue to hold strong in affecting prices as forecasts tip between warmer and cooler runs. Production dropped by a net 1.8 Bcf/d today, which was larger than expected since maintenance was on the horizon. This brings production close to the lows seen in March at around 100.5 Bcf/d. For the time being, the figure is expected to rebound as it is due to temporary postponed maintenance. ~CL