NYMEX Natural Gas Futures Contract Prompt month NYMEX Sep23 natural gas contract settlement +US$0.007/MMBtu at $$2.77, low of $2.701, high of $2.833, traded range of $0.132. Winter 24 +$0.054 at $3.733, Summer 24 +$0.032 at $3.381.
Market Fundamentals Prices were on the downtrend early today but managed to turn around to settle relatively unchanged from yesterday. The Baker Hughes report stated that natural gas rigs fell down another five in the U.S., while oil counts remained steady. Looking at the global picture, discussions are scheduled to avoid strikes at Australian LNG terminals, but we are already seeing an uptick as Chinese natural gas imports look to add some pressure.