NYMEX Natural Gas Futures Contract Prompt month Aug23 settlement -$0.027/MMBtu at $2.582, low of $2.536, high of $2.675, traded range of $0.139. Summer 23 -$0.029 at $2.604, Winter 23 -$0.023 at $3.488.

Market Fundamentals Big news today was the release of the U.S. EIA Lower-48 storage report. While estimates came in at an average injection of 65 Bcf. The actual number came in at 68 Bcf following a reclassification. This is the second one in the past couple of weeks, and has to do with a storage facility moving gas injected from storage over to its working gas stocks. Paired with cooler temperatures, additional production, and today’s release of the Baker Hughes rig count that jumped up by 11, prices are once again trending downwards.

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