NYMEX Natural Gas Futures Contract Prompt month Sep23 settlement +US$0.029/MMBtu at $2.621, low of $2.575, high of $2.67, traded range of $0.095. Winter 24 +$0.022 at $3.675, Summer 24 +$0.013 at $3.352.
Market Fundamentals Markets rose early today in anticipation for storage and continued to push higher after the 10:30AM release. While the industry average estimate came in at an injection of 36 billion cubic feet (Bcf), individual analysts had a wide range between 29 and 43 Bcf. While the actual injection was 35 Bcf, slightly smaller than expected, markets took this as momentum to continue trading a little higher than yesterday.