NYMEX Natural Gas Futures Contract Prompt month Aug23 NYMEX Futures settlement -US$0.17/MMBtu at $2.492, high of $2.65, low of $2.46, traded range of $0.187. Summer 23 -$0.136 at $2.602, Winter 2023 -$0.38 at $3.519.
Market Fundamentals Today marks the last day of trading of Aug23 as the prompt month NYMEX Futures natural gas contract. EIA storage was within range at + 16 BCF causing a sell off all day into the Winter months. Cooler weather continues to be forecasted over the next 10 – 15 days. Traders are concerned having excess inventory when trading the Sept 23 contract without the ability of access to storage.