NYMEX Natural Gas Futures Contract Prompt month Sep23 settlement -US$0.136/MMBtu at $2.659, low of $2.647, high of $2.836, traded range of $0.216. Winter 23 -$0.043 at $3.717, Summer 24 +0.006 at $3.387.
Market Fundamentals Today saw a huge reversal of last week’s bullish action as front end contracts took a beating. Today’s fall has a bit to do with cooler weather outlooks, but has been attributed as well to the commodity being caught amid a broader energy sell-off that includes crude oil and gasoline. Given the increased level of LNG and associated gas production these days, natural gas is increasingly impacted by what goes on both globally and across the sector.