NYMEX Natural Gas Futures Contract Oct23 prompt month settlement -US$0.072/MMBtu at $2.51, low of $2.503, high of $2.614, traded range of $0.111. Winter 23 -$0.033 at $3.39, Summer 24 -$0.022 at $3.201.
Market Update The prompt month Oct23 contract continued to lead the rest of the curve in losses today on the news of cooler U.S. weather forecasts. Although a new report from the European Union’s Copernicus Climate Change Service has just announced that the world has experienced the hottest summer on record, September mid-month temperatures below the 10-year normal have bears out and prowling. Tomorrow will mark another U.S. EIA Lower 48 storage release and early estimates are looking to come in between the high thirties and low forties.