NYMEX Natural Gas Futures Contract Aug23 prompt month settlement +US$0.087/MMBtu at $2.669, low of $2.570, high of $2.692, traded range of $0.122. Summer 23 +$0.076 at $2.68, Winter 23 +$0.062 at $3.549.
Market Fundamentals It’s a new week and natural gas markets are starting off strong. After retracing some, hotter weather is once again emerging in the Lower-48 forecast with temperatures surpassing the 10-year normal next week and sustaining into the end of July. Additionally, although production has climbed once again this past weekend, it is expected to drop tomorrow as maintenance resumes on Tuesday.