NYMEX Natural Gas Futures Contract Prompt month Sep 23 settlement -US$0.074/MMBtu at $2.56, low of $2.531, high of $2.675, traded range of $0.144.
Market Fundamentals Prices continued to fall as bearish factors outweigh the bullish. Although temperatures into August continue to be hot, cooler forecasts arriving mid-month paired with high production and weaker LNG demand are giving buyers no reason to be aggressive. Abroad, European inventory levels remain elevated, leading to further falling prices.