NYMEX Natural Gas Futures Contract Prompt month Nov23 settlement -US$0.099/MMBtu at $2.957, low of $2.943, high of $3.092, traded range of $0.149. Winter 23 -$0.121 at $3.326, Summer 24 -$0.061 at $3.262.

Market Fundamentals Natural gas prices have done a major reversal from the previous week, settling lower for seven consecutive sessions now. Prices broke under $3 today following an extremely bearish storage report. While the industry range came in at an injection between 75 billion cubic feet (Bcf) to 102 Bcf with an average of 84.7 Bcf, the actual number for the week ending October 13th, 2023 came in at 97 Bcf.

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