NYMEX Natural Gas Futures Contract Jul23 prompt month +US$0.191/MMBtu at $2.533, low of $2.315, high of $2.568, trading range of $0.253. Summer 23 +$0.187 at $2.617, Winter 23 +$0.104 at $3.549.

Market Fundamentals Natural gas prices took off today at 10:30AM after the release of the U.S. Energy Information Administration (EIA) Lower-48 storage report. While the analyst consensus came in at an injection of 92.5 Bcf, the actual recorded injection for the week ending June 9th was only 84 Bcf. Analysts believe this is due to slightly lower levels of production paired with lower imports from Canada amidst the wildfires.

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