NYMEX Natural Gas Futures Contract Oct23 prompt month settlement -US$0.063/MMBtu at $2.68, high of $2.777, low of $2.64, traded range of $0.137. Winter 23 -$0.023 at $3.407, Summer 24 -$0.01 at $3.223.
Market Fundamentals NYMEX prices fell from 1-week highs today on news due to milder weather forecasts returning. Tomorrow’s EIA storage forecast has analysts looking at an injection of 50 Bcf. U.S. inventory levels continue to sit at a 76% surplus to last year, and any smaller than normal injections will continue to narrow the existing gap and lead to potential tightness for this winter and beyond.