NYMEX Natural Gas Futures Contract Prompt month Sep23 -US$0.196/MMBtu at $2.763, low of $2.747, high of $2.998, traded range of $0.251.

Market Fundamentals Natural gas prices essentially undid the move upwards yesterday today. Temperatures have retreated some in the most recent weather run, and European LNG prices have backed off a little following yesterday’s LNG concerns. Today was also the release of the storage report. Industry estimates ranged from an injection of 19 billion cubic feet (Bcf) to 39 Bcf with an average of 24 Bcf. The actual number came in at 29 which helped to push the falling market further down.

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