NYMEX Natural Gas Futures Contract Jul23 prompt settlement +US$0.011/MMBtu at $2.608, low of $2.529, high of $2.632, trading range of $0.103. Summer 23 +$0.023 at $2.70, Winter 23 +$0.007 at $3.563.
Market Fundamentals All eyes were on storage today as the EIA released their weekly number. While the consensus average came in at an injection of 91 Bcf, the actual number showed 95 Bcf, slightly larger. This resulted in some bearish momentum at the 10:30AM release, but prices were able to rebound in the afternoon.