NYMEX Natural Gas Futures Contract Prompt month Aug23 NYMEX Futures settlement -US$0.065/MMBtu at $2.665, high of $2.739, low of $2.625, traded range of $0.114. Summer 23 -$0.056 at $2.722, Winter 2023 -$0.031 at $3.596.
Market Fundamentals Today marks the second last day of trading of Aug23 as the prompt month NYMEX Futures natural gas contract. Storage and weather continues to be the two predominant factors weighing in on market sentiment, with the later being the primary focus. Amidst talks of a tight storage injection number (+15 Bcf) to be released by the U.S. Energy Information Administration, the cooling of temperatures in the Northeast has led to lower power generation demand outlooks.